TheCountOfNowhere Posted October 23, 2014 Share Posted October 23, 2014 -31.90 (-15.54%) Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 23, 2014 Share Posted October 23, 2014 http://www.cityam.com/1414046672/foxtons-issues-profit-warning-cooling-london-house-prices " Foxtons share price plummets as it issues profit warning on cooling London house prices" Quote Link to comment Share on other sites More sharing options...
Venger Posted October 23, 2014 Share Posted October 23, 2014 Just notice a sizeable number of auction properties listed in the Plumstead area (borough of Greenwich) from the company Allsop. http://www.rightmove.co.uk/property-for-sale/Plumstead.html?sortType=1&index=10 It seems like a lot for a relatively small area. Is this a normal or the sign of something bigger? Countrywide, Allsop are auctioning 281 properties at the end of the month. http://www.rightmove.co.uk/property-for-sale/find/Allsop/Auction.html?locationIdentifier=BRANCH%5E75673&includeSSTC=true&_includeSSTC=on Is this a first hint of something going on? A few.. 'in the same family ownership for 25+ years. Sign of a few owners not hanging around for buyers/hoping buyers can pass MMR at crazy prices? When I checked a few days ago.. some entered by The Salvation Army, but I can not recall locations. Story with the rest exiting the market? A few repos and banks offloading HMOs and zombie stuff it has carried for years? Maybe M21er will begin to do a few more of his excellent auction tracking threads he has done in the past... things may soon be getting very interesting at the auctions. Quote Link to comment Share on other sites More sharing options...
Venger Posted October 23, 2014 Share Posted October 23, 2014 Oops you beat me to doing the update about it - and yes. Allsop's next Residential Auction will be held on 30th October. Be interesting to see how it plays out, there's a lot of London properties in there. House price compassion? Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted October 23, 2014 Share Posted October 23, 2014 haven't seen an ad like this for a while: £329,995 Offers in Excess of 2 bedroom terraced house for sale Percival Road, Enfield BUYERS INCENTIVE £200 towards legal fees sttc. This two bedroom Terrace Property overlooking Bush Hill Park and within 0.4 miles of Bush Hill Park British Rail Station. The property offers through lounge, fitted kitchen, 70ft garden and CHAIN FREE Wow, £200. I bought a few bits for a bike recently, the bill was around £300, which reflected a reduction from rrp of around £200. Now I can get the same cash discount by spending 1,000 times as much on a pile of bricks. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted October 23, 2014 Share Posted October 23, 2014 Maybe M21er will begin to do a few more of his excellent auction tracking threads he has done in the past... things may soon be getting very interesting at the auctions. Think he still dose them but on Twitter #M21er Quote Link to comment Share on other sites More sharing options...
Grandmasterspank Posted October 23, 2014 Share Posted October 23, 2014 House price compassion? I was quite proud of that one Quote Link to comment Share on other sites More sharing options...
Damik Posted October 23, 2014 Author Share Posted October 23, 2014 (edited) http://www.cityam.com/1414046672/foxtons-issues-profit-warning-cooling-london-house-prices "Foxtons share price plummets as it issues profit warning on cooling London house prices" Respect to Foxtons! I do not want to see any jokes about them on this thread! They are very hard working young guys with plenty of hair gel and polyester suits, who reduce prices 24/7 like there is no tomorrow -> RESPECT Edited October 23, 2014 by Damik Quote Link to comment Share on other sites More sharing options...
Bubble & Squeak Posted October 23, 2014 Share Posted October 23, 2014 Respect to Foxtons! I do not want to see any jokes about them on this thread! They are very hard working young guys with plenty of hair gel and polyester suits, who reduce prices 24/7 like there is no tomorrow -> RESPECT i have a love/hate relationship with foxtons Quote Link to comment Share on other sites More sharing options...
Damik Posted October 23, 2014 Author Share Posted October 23, 2014 i have a love/hate relationship with foxtons But remember: enemy of our enemy is our friend .... Quote Link to comment Share on other sites More sharing options...
Bubble & Squeak Posted October 23, 2014 Share Posted October 23, 2014 But remember: enemy of our enemy is our friend .... 5 of the 11 cuts in stratford are courtesy of foxtons today. is anyone else tracking a foxtons area? possibly some orders from above have been handed down to get sales moving again Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 23, 2014 Share Posted October 23, 2014 Clapham: last 24: 11/21: 52% Some big drops today: http://www.rightmove.co.uk/property-for-sale/property-48256322.html : £50K = 13.5% http://www.rightmove.co.uk/property-for-sale/property-31913679.html?premiumA=true : £200K = 12.5% http://www.rightmove.co.uk/property-for-sale/property-48334526.html?premiumA=true : £100k = 8.3% London is toast. Quote Link to comment Share on other sites More sharing options...
Damik Posted October 23, 2014 Author Share Posted October 23, 2014 Are Foxtons going to be the Tesco's of EA? How the mighty have fallen! Nope, they will be the Lidl/Aldi of the high street: the best discount shops ever !!!! Quote Link to comment Share on other sites More sharing options...
Damik Posted October 23, 2014 Author Share Posted October 23, 2014 Spreading the word of Jesus there. Please help me and give me some "^". Thanks! http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/11181672/Foxtons-hit-by-sharp-slowdown-in-London-housing-market.html#disqus_thread Quote Link to comment Share on other sites More sharing options...
Damik Posted October 23, 2014 Author Share Posted October 23, 2014 Summary of the current London market: http://www.thisismoney.co.uk/money/mortgageshome/article-2804574/Foxtons-issues-profit-warning-London-property-market-cools-BBA-reports-lowest-mortgage-approval-levels-year.html Estate agents Foxtons saw sales commissions fall 7.8% in last quarter Rivals Marsh & Parsons says prime London property values have stalled BBA data shows mortgage lending has slipped to a 14-month low Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted October 23, 2014 Share Posted October 23, 2014 I've managed to get four colleages this week hooked on this thread, with the simple message of 'go forth and multiply'. In the past they would have just shrugged it all off. With all the 'leaks' of a London slowdown coming through it could go viral! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 23, 2014 Share Posted October 23, 2014 I see sky can't bring themselves to say prices are collapsing. http://news.sky.com/story/1358718/agents-warning-on-falling-london-house-sales David. ..read the comment from vinny 2013...It seems sw London is booming! Quote Link to comment Share on other sites More sharing options...
Bubble & Squeak Posted October 23, 2014 Share Posted October 23, 2014 I see sky can't bring themselves to say prices are collapsing. http://news.sky.com/story/1358718/agents-warning-on-falling-london-house-sales David. ..read the comment from vinny 2013...It seems sw London is booming! " Demand will continue to outstrip supply" sounds like a hamishism Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 24, 2014 Share Posted October 24, 2014 " Demand will continue to outstrip supply" sounds like a hamishism Demand for Ferrari's is high...if I got a 0% interest loan for one....I still wouldnt buy it due to the deprecation and ongoing maintenance costs. Ferraris....cheaper to buy and run that a house. Get in quick before you miss out, they aren't making any more carbon you know Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 24, 2014 Share Posted October 24, 2014 Clapham: last 24: 17/37: 46% Just THE £200K off this one. http://www.rightmove.co.uk/property-for-sale/property-48465821.html?premiumA=true 24/10/2014 Price changed: from '£1,100,000' to '£999,950' 08/10/2014 Price changed: from '£1,200,000' to '£1,100,000' 01/10/2014 Initial entry found. This shows up easily the NM index can be manipulated. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 24, 2014 Share Posted October 24, 2014 (edited) Someone mentioned they'd not see a 2 bed in Balham for sale for a while, here#s one for 325K http://www.rightmove.co.uk/property-for-sale/property-48864032.html And here's one that's just dropped £50K, to £425K....and still 50% over priced (IMHO) http://www.rightmove.co.uk/property-for-sale/property-48753974.html Edited October 24, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 24, 2014 Share Posted October 24, 2014 The VIs are out in force today. http://www.lse.co.uk/ShareChat.asp?ShareTicker=FOXT They sounds rattled/scared/angry,,,,, Quote Link to comment Share on other sites More sharing options...
Grandmasterspank Posted October 24, 2014 Share Posted October 24, 2014 Someone mentioned they'd not see a 2 bed in Balham for sale for a while, here#s one for 325K http://www.rightmove.co.uk/property-for-sale/property-48864032.html And here's one that's just dropped £50K, to £425K....and still 50% over priced (IMHO) http://www.rightmove.co.uk/property-for-sale/property-48753974.html Yeah, I saw the Balham one - £325k would have been unthinkable 6 months ago. Things are changing quickly there. Balham / Tooting are definitely areas to watch. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted October 24, 2014 Share Posted October 24, 2014 You had wage inflation back then so it didn't matter too much as the negative equity would be cleared at some point. Today where there is negative real wage inflation you are well and truly fecked which is why Camerons bubble is so much more dangerous than Browns. Quote Link to comment Share on other sites More sharing options...
M21er Posted October 24, 2014 Share Posted October 24, 2014 ..... Maybe M21er will begin to do a few more of his excellent auction tracking threads he has done in the past... things may soon be getting very interesting at the auctions. Hi Venger Excellent memory - not done an auction since 2012! I'd love to do another auction but I currently have a contract so no time to research / prepare all the data and links. I'm not doing them on Twitter now - It was just that I added the functionality to tweet the results in real time as the results were posted here so people could follow the results a little more discretely on their 'phone. Current contract expires 31 March 2015 so maybe then... Cheers Quote Link to comment Share on other sites More sharing options...
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