pizza Posted January 11, 2019 Share Posted January 11, 2019 7 hours ago, Chrippie said: First actual 50% reduction in asking price I've seen. Obvs £600k was utterly ridiculous for a broom cupboard even if it is near Harrods. Even £300k is way overpriced. But still. 50% off the asking price. https://www.home.co.uk/search/price_info.htm?property=4070032468 "Fully tilled shower". LOL When that is a key feature, you have to be worried. Especially so given the spelling. Quote Link to comment Share on other sites More sharing options...
Chrippie Posted January 22, 2019 Share Posted January 22, 2019 This looks to me like the real deal, not a broom cupboard, an actual flat you might want to live in. First listed 4 years ago at what looks like 1.85 or 1.9m, now asking 950k. Whoever owns this has weathered a 50% drop. Let’s hope they had plenty of equity. People outside of central London have no idea how bad the carnage is here at this point. https://www.home.co.uk/search/price_info.htm?property=3927119242 Quote Link to comment Share on other sites More sharing options...
Ballyk Posted January 22, 2019 Share Posted January 22, 2019 This is quite a heartwarming story - https://www.dailymail.co.uk/news/article-6619533/House-prices-Londons-exclusive-districts-FALL-25-cent-buyers-Brexit.html Quote Link to comment Share on other sites More sharing options...
hp72 Posted January 23, 2019 Share Posted January 23, 2019 2 hours ago, Chrippie said: This looks to me like the real deal, not a broom cupboard, an actual flat you might want to live in. First listed 4 years ago at what looks like 1.85 or 1.9m, now asking 950k. Whoever owns this has weathered a 50% drop. Let’s hope they had plenty of equity. People outside of central London have no idea how bad the carnage is here at this point. https://www.home.co.uk/search/price_info.htm?property=3927119242 Err. Being devil's advocate here.. Was a 2 bedroom accommodation, left the market for many months. Now it's a one room for less. Could there have been a new abode created in the meantime, maybe? Quote Link to comment Share on other sites More sharing options...
thewig Posted January 23, 2019 Share Posted January 23, 2019 some scumbag EA has put “sensible offers invited” on some grossly overpriced slavebox which has already had its hideously overpriced asking price reduced multiple times I contacted the worthless vermin via right move asking “what do you mean by sensible” the cockroach came back with “sensible is generally considered within 5% of asking” this hovel has already had its initial asking cut by ~10% asking prices have become utterly meaningless, make up a figure basically. Quote Link to comment Share on other sites More sharing options...
user not found Posted January 23, 2019 Share Posted January 23, 2019 41 minutes ago, thewig said: some scumbag EA has put “sensible offers invited” on some grossly overpriced slavebox which has already had its hideously overpriced asking price reduced multiple times I contacted the worthless vermin via right move asking “what do you mean by sensible” the cockroach came back with “sensible is generally considered within 5% of asking” this hovel has already had its initial asking cut by ~10% asking prices have become utterly meaningless, make up a figure basically. Just say "I'll put in a sensible offer on a property with a sensible asking price!" Quote Link to comment Share on other sites More sharing options...
chronyx Posted January 23, 2019 Share Posted January 23, 2019 24 minutes ago, Sausage said: Just say "I'll put in a sensible offer on a property with a sensible asking price!" +1 Quote Link to comment Share on other sites More sharing options...
hurlerontheditch Posted January 23, 2019 Share Posted January 23, 2019 9 hours ago, Chrippie said: This looks to me like the real deal, not a broom cupboard, an actual flat you might want to live in. First listed 4 years ago at what looks like 1.85 or 1.9m, now asking 950k. Whoever owns this has weathered a 50% drop. Let’s hope they had plenty of equity. People outside of central London have no idea how bad the carnage is here at this point. https://www.home.co.uk/search/price_info.htm?property=3927119242 is the furniture being lent from Trump tower? Quote Link to comment Share on other sites More sharing options...
Smiley George Posted January 23, 2019 Share Posted January 23, 2019 9 hours ago, Ballyk said: This is quite a heartwarming story - https://www.dailymail.co.uk/news/article-6619533/House-prices-Londons-exclusive-districts-FALL-25-cent-buyers-Brexit.html Last week, a 20-something EA tried to tell me that the price falls in PCL would have no bearing on neighbouring/outlying boroughs, PCL was a special case. I pointed our he was very probably wrong, so may just email him this to help him visualise the ripple effect. Thanks for posting. Quote Link to comment Share on other sites More sharing options...
Pop321 Posted January 23, 2019 Share Posted January 23, 2019 2 hours ago, thewig said: some scumbag EA has put “sensible offers invited” on some grossly overpriced slavebox which has already had its hideously overpriced asking price reduced multiple times I contacted the worthless vermin via right move asking “what do you mean by sensible” the cockroach came back with “sensible is generally considered within 5% of asking” this hovel has already had its initial asking cut by ~10% asking prices have become utterly meaningless, make up a figure basically. I have seen this for 35 years. I spotted it in my town this week which is why I am commenting on your post. House listed £179k and description says ‘priced to sell fast’ and ‘great investment opportunity’. I have sent a note to the agent saying ”there are 2 other houses on the road, one at £165k and another at £145k (that one now sold). The highest price achieved on the road is £165k in 2017 and prices have drifted slightly since then. Suggesting this is priced to sell and an investment opportunity is totally misleading. I acknowledge it is really nicely and tastefully decorated but that is a way someone will lose money not make it. Please change this listing” Obviously no response or change.....but made me feel better. Quote Link to comment Share on other sites More sharing options...
Freki Posted January 23, 2019 Share Posted January 23, 2019 Not really a "prime London is crashing" but I thought to share this scam: https://www.zoopla.co.uk/for-sale/details/48920820 For over 60s with same price tag as comparable. First floor (for over 60s) with stair access. Garden maintenance with stairs, again. No nearby tube. Hope the greed will have a bad effect on their decision making Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted January 23, 2019 Share Posted January 23, 2019 11 hours ago, hp72 said: Err. Being devil's advocate here.. Was a 2 bedroom accommodation, left the market for many months. Now it's a one room for less. Could there have been a new abode created in the meantime, maybe? It does seem to be noted in the details that it was previously laid out as 2 beds. Maybe the kitchen was used as a bedroom. According to zoopla was also up for sale in 2011 for 985k. https://www.zoopla.co.uk/property-history/flat-4/30-hyde-park-gardens/london/w2-2nd/15430613 Quote Link to comment Share on other sites More sharing options...
Will! Posted January 23, 2019 Share Posted January 23, 2019 Bloomberg: A Fund Holding Homes in Prime London Postcodes Writes Off 20% of Its Value Quote Link to comment Share on other sites More sharing options...
hurlerontheditch Posted January 24, 2019 Share Posted January 24, 2019 13 hours ago, Will! said: Bloomberg: A Fund Holding Homes in Prime London Postcodes Writes Off 20% of Its Value wonderful reading Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 24, 2019 Share Posted January 24, 2019 14 hours ago, Will! said: Bloomberg: A Fund Holding Homes in Prime London Postcodes Writes Off 20% of Its Value “Prime central London is probably now enduring its most protracted period of price suppression since records began,” a report to investors in the London Central Portfolio Property Fund said, adding that the current slump has lasted more than twice as long as the one during the financial crisis. Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 24, 2019 Share Posted January 24, 2019 'Price suppression' is a new one on me. Quote Link to comment Share on other sites More sharing options...
Bankside Posted January 24, 2019 Share Posted January 24, 2019 7 hours ago, the_duke_of_hazzard said: 'Price suppression' is a new one on me. I'm just off to register www.housepricesuppression.co.uk! This time next year Rodders... Quote Link to comment Share on other sites More sharing options...
Burrito Posted February 1, 2019 Share Posted February 1, 2019 Been following this 2-bed flat in Islington for a while now: - https://www.zoopla.co.uk/for-sale/details/48444092 24th Jan 2019 £750,000 Price reduced by £50,000 16th Oct 2018 £800,000 Price reduced by £100,000 18th Sep 2018 £900,000 Price reduced by £75,000 19th Jul 2018 First Listed £975,000 Quote Link to comment Share on other sites More sharing options...
hurlerontheditch Posted February 1, 2019 Share Posted February 1, 2019 1 hour ago, Burrito said: Been following this 2-bed flat in Islington for a while now: - https://www.zoopla.co.uk/for-sale/details/48444092 24th Jan 2019 £750,000 Price reduced by £50,000 16th Oct 2018 £800,000 Price reduced by £100,000 18th Sep 2018 £900,000 Price reduced by £75,000 19th Jul 2018 First Listed £975,000 still a long way to go.. nice drafty windows behind your bed as you sleep... Quote Link to comment Share on other sites More sharing options...
Bankside Posted February 1, 2019 Share Posted February 1, 2019 2 hours ago, Burrito said: Been following this 2-bed flat in Islington for a while now: - https://www.zoopla.co.uk/for-sale/details/48444092 24th Jan 2019 £750,000 Price reduced by £50,000 16th Oct 2018 £800,000 Price reduced by £100,000 18th Sep 2018 £900,000 Price reduced by £75,000 19th Jul 2018 First Listed £975,000 Interesting it's around £750 per square foot. Generally it's been closer to £1,000 until recently... Quote Link to comment Share on other sites More sharing options...
simvastatin Posted February 1, 2019 Share Posted February 1, 2019 ....end game Quote Link to comment Share on other sites More sharing options...
winkie Posted February 1, 2019 Share Posted February 1, 2019 With all these flats mainly leasehold, often short leases it is the monthly service fees, insurance and ground rents.....could be making the cost of buying that much more expensive....renting what you thought were buying with none of the benefits of renting....buyer beware. Quote Link to comment Share on other sites More sharing options...
LondonBound Posted February 1, 2019 Share Posted February 1, 2019 Foxtons profits to fall 80% (and the rest!) https://www.irishtimes.com/business/construction/uk-estate-agent-foxtons-expects-2018-earnings-to-drop-80-1.3777398?mode=amp Quote Link to comment Share on other sites More sharing options...
MARTINX9 Posted February 1, 2019 Share Posted February 1, 2019 7 hours ago, hurlerontheditch said: still a long way to go.. nice drafty windows behind your bed as you sleep... The shared patio area looks tiny - how many flats share that tiny space. Presumably you queue in summer until a space becomes available? Quote Link to comment Share on other sites More sharing options...
Chrippie Posted February 7, 2019 Share Posted February 7, 2019 On 11/01/2019 at 21:56, pizza said: "Fully tilled shower". LOL When that is a key feature, you have to be worried. Especially so given the spelling. This is gonna be fun. Now > 50% reduced: https://www.home.co.uk/search/price_info.htm?property=4070032468 Sweepstake on where this ends up? I bag £150k and it'll be expensive at that price. Quote Link to comment Share on other sites More sharing options...
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