TheCountOfNowhere Posted January 28, 2015 Report Share Posted January 28, 2015 What will you do with your profit when you sell? Invest it in magic beans., Quote Link to post Share on other sites
SE10 Posted January 28, 2015 Report Share Posted January 28, 2015 He is one of the MSE lot possibly. Could you imagine a 1 bed flat in Kennington costing £600k in a few years time. My goodness! I hope there is a crash soon and you get wiped out. Or it could be Venger in a mask, testing our faith Quote Link to post Share on other sites
Neverwhere Posted January 28, 2015 Report Share Posted January 28, 2015 Or it could be Venger in a mask, testing our faith It had also crossed my mind that it was a HPCer with a twisted sense of humour! Quote Link to post Share on other sites
LenP Posted January 28, 2015 Report Share Posted January 28, 2015 I'm pretty sure New_Paradigm is being sarcastic/ironic... This line is phrased totally tongue-in-cheek: "I can spend £10k in some new IKEA cabinets for the kitchen, a new shower with Hansgrohe mixers and some fancy new wood flooring for the living and bedroom" Quote Link to post Share on other sites
SE10 Posted January 28, 2015 Report Share Posted January 28, 2015 I'm pretty sure New_Paradigm is being sarcastic/ironic... This line is phrased totally tongue-in-cheek: "I can spend £10k in some new IKEA cabinets for the kitchen, a new shower with Hansgrohe mixers and some fancy new wood flooring for the living and bedroom" If he/she mentions twigs in vases then I'm with you! Quote Link to post Share on other sites
Damik Posted January 28, 2015 Author Report Share Posted January 28, 2015 (edited) I would buy 2, but I am not a greedy person. I just want to buy one flat not only as an speculative investment but also as a place to live. I admire your economical genius! And please please buy at least 5 !!! http://www.telegraph.co.uk/finance/personalfinance/houseprices/11329536/House-prices-The-luxury-London-bubble-has-burst.html The price of an upmarket London home fell by more than 4pc in the last three months of 2014 Edited January 28, 2015 by Damik Quote Link to post Share on other sites
Damik Posted January 28, 2015 Author Report Share Posted January 28, 2015 (edited) I would buy 2, but I am not a greedy person. I just want to buy one flat not only as an speculative investment but also as a place to live. Buy this one. These guys are making £50k every month: http://www.rightmove.co.uk/property-for-sale/property-47144180.html 28/01/2015 Price changed: from '£999,950' to '£925,000' 08/12/2014 Price changed: from '£1,100,000' to '£999,950' 16/09/2014 Price changed: from '£1,250,000' to '£1,100,000' 16/07/2014 Initial entry found. Edited January 28, 2015 by Damik Quote Link to post Share on other sites
Damik Posted January 28, 2015 Author Report Share Posted January 28, 2015 (edited) I would buy 2, but I am not a greedy person. I just want to buy one flat not only as an speculative investment but also as a place to live. Or buy a new build. You will make £25k every month with this one: http://www.rightmove.co.uk/new-homes-for-sale/property-49314368.html 28/01/2015 Price changed: from '£570,000' to '£525,000' 27/11/2014 Initial entry found. Edited January 28, 2015 by Damik Quote Link to post Share on other sites
Bubble & Squeak Posted January 29, 2015 Report Share Posted January 29, 2015 http://www.rightmove.co.uk/property-for-sale/property-45531994.html another £25k off total of £120k in 8 stages how much more??? Quote Link to post Share on other sites
Damik Posted January 29, 2015 Author Report Share Posted January 29, 2015 http://www.rightmove.co.uk/property-for-sale/property-45531994.html another £25k off total of £120k in 8 stages how much more??? Quote Link to post Share on other sites
dances with sheeple Posted January 29, 2015 Report Share Posted January 29, 2015 http://www.rightmove.co.uk/property-for-sale/property-45531994.html another £25k off total of £120k in 8 stages how much more??? A LOT more Looks like a set from Steptoe and Son. Quote Link to post Share on other sites
darwin Posted January 29, 2015 Report Share Posted January 29, 2015 Forever HPI is a natural law, like gravity. Get your facts right. Well u know... worst case scenario my £400k 1-bed flat in kennington will just increase its value to £600k in 5 years' from now. I can spend £10k in some new IKEA cabinets for the kitchen, a new shower with Hansgrohe mixers and some fancy new wood flooring for the living and bedroom, and that would easily add up another £50k to the total value... so if I end up selling it for £650k it is a £240k profit in 5 years. Not too bad, don't you think? That is the the total catastrophic scenario. Still better than renting, and ending up living in a cage in Poplar like most of you. Sibley, is that you? Quote Link to post Share on other sites
TheCountOfNowhere Posted January 29, 2015 Report Share Posted January 29, 2015 Clapham, last 24L 7/30: 23%. The recovery is here. http://www.rightmove.co.uk/property-for-sale/property-47178118.html?premiumA=true £550K !!! And thats it reduced !!! Quote Link to post Share on other sites
New_Paradigm Posted January 29, 2015 Report Share Posted January 29, 2015 TheCountOfNowhere, where can I see price reductions in RightMove.co.uk? I know in Zoopla you can see them on the side. Quote Link to post Share on other sites
Guest_northshore_* Posted January 29, 2015 Report Share Posted January 29, 2015 The London property ladder: are you kidding me? Referring to a higher rate taxpayer, a lower quartile London property, 4X gross salary mortgage, 20% deposit. Quote Link to post Share on other sites
FreeTrader Posted January 29, 2015 Report Share Posted January 29, 2015 The highest priced property sale in today's Land Reg release is Jersey House, 62 The Bishops Avenue, N2 0BE. It sold for £33.7m, having been on the market since 2008 at a reported asking price of £40m (a Google search will reveal several press articles that it has featured in).The Land Reg price sold data shows it as having been bought in October 2001 for £4.2m. However this is somewhat misleading as the original house was largely demolished, and it is in effect a new build (and is described as such in the agent's brochure). ------------------------------ £1 million+ freehold London properties in today's Land Reg data release which have a December 2014 sale date and for which a previous sale price is available.As in previous months, the properties are sorted by the 'Prev date' column rather than by price. Quote Link to post Share on other sites
Damik Posted January 29, 2015 Author Report Share Posted January 29, 2015 (edited) Here we go: Fulham is officially behind the peak; actualy 3 months ago ... http://landregistry.data.gov.uk/app/hpi/view?from_m=0&from_y=2006&loc_0=Hammersmith+and+Fulham&loc_uri_0=http%3A%2F%2Flandregistry.data.gov.uk%2Fid%2Fregion%2Fhammersmith-and-fulham&m_hpi=1&source=preview_form&to_m=0&to_y=2015 And Greenwich: http://landregistry.data.gov.uk/app/hpi/view?from_m=0&from_y=2006&loc_0=Greenwich&loc_uri_0=http%3A%2F%2Flandregistry.data.gov.uk%2Fid%2Fregion%2Fgreenwich&m_hpi=1&source=preview_form&to_m=0&to_y=2015 Haha, Camden also falling: http://landregistry.data.gov.uk/app/hpi/view?from_m=0&from_y=2006&loc_0=Camden&loc_uri_0=http%3A%2F%2Flandregistry.data.gov.uk%2Fid%2Fregion%2Fcamden&m_hpi=1&source=preview_form&to_m=0&to_y=2015 Edited January 29, 2015 by Damik Quote Link to post Share on other sites
SE10 Posted January 29, 2015 Report Share Posted January 29, 2015 And Greenwich: http://landregistry.data.gov.uk/app/hpi/view?from_m=0&from_y=2006&loc_0=Greenwich&loc_uri_0=http%3A%2F%2Flandregistry.data.gov.uk%2Fid%2Fregion%2Fgreenwich&m_hpi=1&source=preview_form&to_m=0&to_y=2015 Cool! That's cheered me up, guess my landlord might have sold at just the right time. Is that data seasonally adjusted? Quote Link to post Share on other sites
suntory Posted January 29, 2015 Report Share Posted January 29, 2015 Land Registry came out today and it shows 15 out of 32 London boroughs in negative territory month on month. Some pretty big fall compared to last month in the actual HPI data set, but weirdly also some gains. I think this bubble might just have a little bit of juice left. I am just doing the calculations for prime London sales for above £2 Million. Keep you all posted. Quote Link to post Share on other sites
suntory Posted January 30, 2015 Report Share Posted January 30, 2015 HOLY MOTHER IN HEAVEN THESE NUMBERS FROM THE LAND REGISTRY ARE A THING OF BEAUTY. I just ran some calculations with the LR complete data set for 2014 and the figures for "prime property" are absolutely staggering. I looked at total sales price and number of transactions for properties at 1.5 Million or higher and this is what I found: Nov 2013 1069 Million at 393 transactions Dec 2013 1009 Million at 340 transactionJan 2014 1052 Million at 393 transactionsFeb 2014 995 Million at 344 transactionsMar 2014 915 Million at 346 transactionsApril 2014 1127 Million at 402 transactionsMay 2014 1209 Million at 424 transactionsJune 2014 1248 Million at 457 transactionsJuly 2014 1677 Million at 561 transactionsAug 2014 1233 Million at 450 transactionsSep 2014 1094 Million at 383 transactionsOct 2014 1117 Million at 339 transactionsNov 2014 656 Million at 228 transactionsDec 2014 466 Million at ***159 transactions*** OMG, if the above is not undeniable proof that prime London is totally busting as we speak than I don't know what is. This thing is falling apart so quickly I had to double check whether December is usually a slow month which, as you can see in the 2013 figures, is not true. The December 2014 are more than 50% less than the previous year. I can't wait for the January figures. Anyone bet with me that we will have less than 100 transactions? Quote Link to post Share on other sites
Neverwhere Posted January 30, 2015 Report Share Posted January 30, 2015 Oct 2014 1117 Million at 339 transactions Nov 2014 656 Million at 228 transactions Dec 2014 466 Million at ***159 transactions*** Nice work! Quote Link to post Share on other sites
suntory Posted January 30, 2015 Report Share Posted January 30, 2015 Nice work! Thanks. I knew the bubble has burst but I didn't realize that it has burst that quickly in that particular price category. Quote Link to post Share on other sites
Neverwhere Posted January 30, 2015 Report Share Posted January 30, 2015 Thanks. I knew the bubble has burst but I didn't realize that it has burst that quickly in that particular price category. Stamp duty sent them over the edge maybe... Quote Link to post Share on other sites
suntory Posted January 30, 2015 Report Share Posted January 30, 2015 Stamp duty sent them over the edge maybe... I believe so. That's why I included properties for £1.5 Million or higher - where the new stamp duty changes really start to bite. Ouch is all I can say. Quote Link to post Share on other sites
Liquid Goldfish Posted January 30, 2015 Report Share Posted January 30, 2015 Thanks. I knew the bubble has burst but I didn't realize that it has burst that quickly in that particular price category. Isn't there a lag with sales being reported to the Land Registry? Maybe all of December's sales aren't recorded yet? Quote Link to post Share on other sites
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