Si1 Posted January 29, 2017 Share Posted January 29, 2017 8 hours ago, Fromage Frais said: well from what I perceive.. Local guy is a mayor or something big in a backwater Chinese town. From down high the order is given to expand the town. Chappie buys/kicks out/takes cheap land > chooses the zones > back handers from the builders > repeats and maybe skims some of the central government funds used to pay the builders. You literally have nobodies to billionaires using this method. There are very unclear property rights in China, and widespread corruption that makes the corrupt officials wealthy, but drives the disaffected individuals (who have had their houses effectively confiscated) to extreme measures. http://m.scmp.com/news/china/society/article/2047402/chinas-nail-gun-murderer-what-drove-my-brother-kill-village Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 30, 2017 Share Posted January 30, 2017 13 hours ago, Sancho Panza said: Guess where that's going.... Quote Link to comment Share on other sites More sharing options...
suntory Posted January 30, 2017 Share Posted January 30, 2017 14 hours ago, Sancho Panza said: Great chart. May I ask what programme or website you are using? Keep up the good work. Quote Link to comment Share on other sites More sharing options...
Noallegiance Posted January 30, 2017 Share Posted January 30, 2017 It's the weather, you know https://www.bloomberg.com/graphics/uk-property/ Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 30, 2017 Share Posted January 30, 2017 2 hours ago, Noallegiance said: It's the weather, you know https://www.bloomberg.com/graphics/uk-property/ Yeah...it's weather or not anyone believes their VI MSM Marketting B.S. any more and are daft enough to buy an over priced sh*t hole Quote Link to comment Share on other sites More sharing options...
Lonwontbuy Posted January 30, 2017 Share Posted January 30, 2017 Anyone got any ideas what is going on here? This came up today... http://www.rightmove.co.uk/property-for-sale/property-64320050.html I've been keeping an eye on this estate for about a year - went to view one a while ago but they wanted £425k, which I thought was way too pricey. These flats were selling for that much in 2016 no problem. I think the properties here are a good indicator of trends in SE London, as they are all 2-beds with (from what I can gather) identical sizes and layouts. There are two others on the market at £400k and £390k http://www.rightmove.co.uk/property-for-sale/property-45602508.html http://www.rightmove.co.uk/property-for-sale/property-45180093.html?premiumA=true Both have been on for over 2 months and already dropped £15k and £35k, with no takers. In 2013 the estate hadn't even broken the 300k ceiling, and then it went a bit crazy, so it'd be amazing if the one listed today could drag it back down. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 30, 2017 Share Posted January 30, 2017 6 minutes ago, Lonwontbuy said: Anyone got any ideas what is going on here? This came up today... http://www.rightmove.co.uk/property-for-sale/property-64320050.html I've been keeping an eye on this estate for about a year - went to view one a while ago but they wanted £425k, which I thought was way too pricey. These flats were selling for that much in 2016 no problem. I think the properties here are a good indicator of trends in SE London, as they are all 2-beds with (from what I can gather) identical sizes and layouts. There are two others on the market at £400k and £390k http://www.rightmove.co.uk/property-for-sale/property-45602508.html http://www.rightmove.co.uk/property-for-sale/property-45180093.html?premiumA=true Both have been on for over 2 months and already dropped £15k and £35k, with no takers. In 2013 the estate hadn't even broken the 300k ceiling, and then it went a bit crazy, so it'd be amazing if the one listed today could drag it back down. £290K for that....Only another 190K to go then. Quote Link to comment Share on other sites More sharing options...
Guest Posted January 30, 2017 Share Posted January 30, 2017 13 minutes ago, Lonwontbuy said: Anyone got any ideas what is going on here? This came up today... http://www.rightmove.co.uk/property-for-sale/property-64320050.html I've been keeping an eye on this estate for about a year - went to view one a while ago but they wanted £425k, which I thought was way too pricey. These flats were selling for that much in 2016 no problem. I think the properties here are a good indicator of trends in SE London, as they are all 2-beds with (from what I can gather) identical sizes and layouts. There are two others on the market at £400k and £390k http://www.rightmove.co.uk/property-for-sale/property-45602508.html http://www.rightmove.co.uk/property-for-sale/property-45180093.html?premiumA=true Both have been on for over 2 months and already dropped £15k and £35k, with no takers. In 2013 the estate hadn't even broken the 300k ceiling, and then it went a bit crazy, so it'd be amazing if the one listed today could drag it back down. I reckon the £290k one is a repo Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 30, 2017 Share Posted January 30, 2017 10 minutes ago, Kiwi_Muncher said: I reckon the £290k one is a repo Looks like it's going to auction. Regardless, looks like it's £190K over priced. Quote Link to comment Share on other sites More sharing options...
suntory Posted January 31, 2017 Share Posted January 31, 2017 8 hours ago, Lonwontbuy said: Anyone got any ideas what is going on here? This came up today... http://www.rightmove.co.uk/property-for-sale/property-64320050.html I've been keeping an eye on this estate for about a year - went to view one a while ago but they wanted £425k, which I thought was way too pricey. These flats were selling for that much in 2016 no problem. I think the properties here are a good indicator of trends in SE London, as they are all 2-beds with (from what I can gather) identical sizes and layouts. There are two others on the market at £400k and £390k http://www.rightmove.co.uk/property-for-sale/property-45602508.html http://www.rightmove.co.uk/property-for-sale/property-45180093.html?premiumA=true Both have been on for over 2 months and already dropped £15k and £35k, with no takers. In 2013 the estate hadn't even broken the 300k ceiling, and then it went a bit crazy, so it'd be amazing if the one listed today could drag it back down. Erm, this is easy to answer. This is the auction guide price. In other words, this is going to auction and they are looking for first bids in that price bracket. Could go for a lot more. Though could also go for a lot less if there is no limit. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 31, 2017 Share Posted January 31, 2017 2 hours ago, suntory said: Erm, this is easy to answer. This is the auction guide price. In other words, this is going to auction and they are looking for first bids in that price bracket. Could go for a lot more. Though could also go for a lot less if there is no limit. The point with this is....this would have been snapped up for savvy investors ( aka f**k wits/criminals or an MPs ) 18 months ago. Now it's off to action with a relatively low guide. if it doesnt sell, you know it's game on. The price is ludicrous. Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 31, 2017 Share Posted January 31, 2017 28 minutes ago, TheCountOfNowhere said: The point with this is....this would have been snapped up for savvy investors ( aka f**k wits/criminals or an MPs ) 18 months ago. Now it's off to action with a relatively low guide. if it doesnt sell, you know it's game on. The price is ludicrous. Not really, this is the standard MO in this area for Mountview Estates. They usually get the 'market rate' with reduced hassle of auction. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 31, 2017 Share Posted January 31, 2017 1 hour ago, the_duke_of_hazzard said: Not really, this is the standard MO in this area for Mountview Estates. They usually get the 'market rate' with reduced hassle of auction. THE PRICED IS LUDICROUS BY ANY MEASURE OTHER THAN CRAZY BUBBLE PRICES. Let us know if it sells Quote Link to comment Share on other sites More sharing options...
Tapori Posted January 31, 2017 Share Posted January 31, 2017 Maybe someone could pop down to the auction? Quote Link to comment Share on other sites More sharing options...
honeybadger Posted January 31, 2017 Share Posted January 31, 2017 Updated plots using latest Land Registry data attached. These are up to and including November 2016. They don't look very different from the last ones. Volumes are still close to 2008 lows in some boroughs (e.g., check out flats in Camden, City of Westminster, Harrow, Islington, Kensington & Chelsea). I've been thinking that perhaps monthly updates are too frequent, since the plots barely change. Perhaps every two or three months would be better. I'm taking requests...if anyone wants other breakdowns (by postcode perhaps?), let me know. No guarantees on how quickly it gets done though. london_period_flats_mean.pdf london_period_flats_median.pdf london_period_flats_num_transactions.pdf london_period_houses_mean.pdf london_period_houses_median.pdf london_period_houses_num_transactions.pdf Quote Link to comment Share on other sites More sharing options...
Frizzers Posted February 1, 2017 Share Posted February 1, 2017 Well done honeybadger. Great work Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 1, 2017 Share Posted February 1, 2017 9 hours ago, honeybadger said: Updated plots using latest Land Registry data attached. These are up to and including November 2016. They don't look very different from the last ones. Volumes are still close to 2008 lows in some boroughs (e.g., check out flats in Camden, City of Westminster, Harrow, Islington, Kensington & Chelsea). I've been thinking that perhaps monthly updates are too frequent, since the plots barely change. Perhaps every two or three months would be better. I'm taking requests...if anyone wants other breakdowns (by postcode perhaps?), let me know. No guarantees on how quickly it gets done though. london_period_flats_mean.pdf london_period_flats_median.pdf london_period_flats_num_transactions.pdf london_period_houses_mean.pdf london_period_houses_median.pdf london_period_houses_num_transactions.pdf Just one comment. Can you add a summary/conclusion...i.e. up down flat collapsing surging ? Not everyone will wade through the graphs. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted February 1, 2017 Share Posted February 1, 2017 Oct RM data is out and it looks like another bloodbath for central London EA's. Not only is more stock gettting added,there are less transactions SW10 is a prime case http://www.rightmove.co.uk/house-prices-in-my-area/marketTrendsTotalAvailableListingsAndNew.html?searchLocation=sw10 Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted February 1, 2017 Share Posted February 1, 2017 Looks like an absolute bloodbath. And SW8 too. Quote Link to comment Share on other sites More sharing options...
honeybadger Posted February 1, 2017 Share Posted February 1, 2017 11 hours ago, TheCountOfNowhere said: Just one comment. Can you add a summary/conclusion...i.e. up down flat collapsing surging ? Not everyone will wade through the graphs. The only obvious conclusion, at least to me, is collapsing volumes. Prices are quite borough-dependent and are noisy anyway, so I'd rather let the data speak for itself. Many boroughs have been stagnant/falling for a couple of years. This was all true last month though. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted February 1, 2017 Share Posted February 1, 2017 40 minutes ago, honeybadger said: The only obvious conclusion, at least to me, is collapsing volumes. Prices are quite borough-dependent and are noisy anyway, so I'd rather let the data speak for itself. Many boroughs have been stagnant/falling for a couple of years. This was all true last month though. it does seem clear that along with collapsing volumes in the posher bits of London,there are dropping prices.Pretty much starting at the time this thread was started and then spreading more widely over 2015/16. Quote Link to comment Share on other sites More sharing options...
honeybadger Posted February 1, 2017 Share Posted February 1, 2017 6 minutes ago, Sancho Panza said: it does seem clear that along with collapsing volumes in the posher bits of London,there are dropping prices.Pretty much starting at the time this thread was started and then spreading more widely over 2015/16. If I can be bothered, I may try combining all the posh boroughs together into a single 'prime London' area and doing the plots for that. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted February 1, 2017 Share Posted February 1, 2017 3 minutes ago, honeybadger said: If I can be bothered, I may try combining all the posh boroughs together into a single 'prime London' area and doing the plots for that. That'd be interesting to see. Prime London is leading the way down. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 2, 2017 Share Posted February 2, 2017 The Phrase "have already fallen" tells me all I need to know about what's coming to the London mega Bubble. Quote Link to comment Share on other sites More sharing options...
MARTINX9 Posted February 2, 2017 Share Posted February 2, 2017 (edited) I was slightly amused by the ad for this property which has been reduced today on rightmove. Seems it was first listed last May. According to the ad the flat is located in 'Kingston, Surrey, England'! http://www.rightmove.co.uk/property-for-sale/property-54143443.html Edited February 2, 2017 by MARTINX9 Quote Link to comment Share on other sites More sharing options...
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