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Damik

Is Prime London Crashing? - Merged Threads

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Eh?

"Once it gets 30-40% less, I'll probably think of selling."

Sure.

As a HPC fan, my 30-40% off means the leg up should - in theory - cost me less of my hard earned cash.

I've been saving for 12yrs+ , so will make the trade for cash. 40% off the new place will be quite a saving..... ;)

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Its getting to the point my wife and I are talking about buying a 6 bed house with a swimming pool and 5 acres + one of these:

http://www.cirrusaircraft.co.uk/pre-owned/2006-sr20-g2-gts-g-taac/

Cruise speed of about 175mph and a range of 700 miles....might as well live in France.

With this even being remotely possible shows you how insane the UK property market is !!!!!!!!!!

There's the running costs of your chosen commuting vehicle, of course. I found a reliable figure of around £7260 excluding fuel or £13,760 including fuel for 100 hours' flying per year (2013 figures). And then there's the cost of travel between airfield and workplace / home. To be weighed against any sums you may be paying currently to commute, obviously.

Also, your commute would be more weather-contigent than by car or train - fewer traffic jams / late and cancelled trains (except between airfield and destination), but potentially no possibility of travelling at all some days / weeks.

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There's the running costs of your chosen commuting vehicle, of course. I found a reliable figure of around £7260 excluding fuel or £13,760 including fuel for 100 hours' flying per year (2013 figures). And then there's the cost of travel between airfield and workplace / home. To be weighed against any sums you may be paying currently to commute, obviously.

Also, your commute would be more weather-contigent than by car or train - fewer traffic jams / late and cancelled trains (except between airfield and destination), but potentially no possibility of travelling at all some days / weeks.

And its more fun too.

Still better than buying a 3 bed semi in Watford :lol:

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And its more fun too.

Still better than buying a 3 bed semi in Watford :lol:

And probably chaper to run than one of those big BMW 4 wheel driver tanks.

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Voluntary scheme for London landlords 'failing renters'

A voluntary scheme aimed at improving rental standards has been criticised after only 12% of London landlords signed up in a year. Labour said the scheme was "failing renters" and the mayor's pledge to sign up 100,000 landlords by May 2016 would take decades. The standard, launched last May, offers letting agents and landlords a badge if they meet a set of criteria, including improved property conditions and quicker repairs and maintenance.

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http://www.rightmove.co.uk/property-for-sale/property-33915984.html

I think this agent has gotten the news wrong... prices are meant to be 20% up, not down... :)

Plenty of discounts all around London today. Heart warming.

Same in Northants. It's looking like people are getting desperate to sell now. Same in west midlands.

If they've kept prices at 2004 levels and increased sales volumes at those prices i'd have bought by now.

Instead it's 2007+30% asking prices and no point in even viewing any more.

Collapse inevitable now

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What I find interesting is that prices in Central London are often cheaper than in the suburbs. You can get a 2/3 bedroom mansion flat in Central London for £1 million (yes I know, that is crazy) or pay £1.5 million for a same sized terrace house in Barnet.

Perhaps this is the sign of the bubble pop???

Edited by Damik

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Nice touch:

http://www.actonw3.com/default.asp?section=property&page=stats1505.htm

The Acton property market appears to have made a nervous start to the year with both turnover and the average price falling.

The first quarter of 2015 saw an average sale price of £469,114 - according to Land Registry - that's down by 7.8% compared with the same period last year.

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Hmm. Does industry think London is falling ???

http://www.constructionenquirer.com/2015/05/29/house-building-registrations-fall-in-london/

But London saw a sharp fall of nearly 2,400 registrations, equating to a 30% drop over the period.

...

The latest figures suggest that the cooling in house prices in the Capital is now working through into fewer starts compared the exuberance of a years ago.

Edited by Damik

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Same in Northants. It's looking like people are getting desperate to sell now. Same in west midlands.

If they've kept prices at 2004 levels and increased sales volumes at those prices i'd have bought by now.

Instead it's 2007+30% asking prices and no point in even viewing any more.

Collapse inevitable now

I've said on Shires thread, Dorset is seeing plenty of reductions since the election and, i think, an increase in supply.

Reality continues despite that shitrag pumping out their rubbish.

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Oh those poor Brummies, how can they live with only 250% rises?

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So Haringey went from £450k to £650k in the space of 2 years :blink:.

Do not worry. BoE assures us we are threaten by deflation. So all is all right ... :lol::lol::lol:

BTW the most crazier London performer is Hackney:

http://landregistry.data.gov.uk/app/hpi/view?compare=1&from_m=4&from_y=2000&loc_0=Hackney&loc_1=Haringey&loc_uri_0=http%3A%2F%2Flandregistry.data.gov.uk%2Fid%2Fregion%2Fhackney&loc_uri_1=http%3A%2F%2Flandregistry.data.gov.uk%2Fid%2Fregion%2Fharingey&m_hpi=1&source=preview_form&to_m=4&to_y=2015

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I've said on Shires thread, Dorset is seeing plenty of reductions since the election and, i think, an increase in supply.

Reality continues despite that shitrag pumping out their rubbish.

I've been tracking a few towns in Norh Yorks for a good few years.

Regular check - Rightmove, pick town, list all new properties listed in last 7 days.

Part of my Saturday routine.

For the last 5 years Ive been doing it, the numbers have been pretty consistent.

I get some new listings, some details changed, a few reductions, a very odd increase.

The number is roughty proportional to the size of the town's population.

The RM 7 days new properties runs about 5 to 6 tims the rate which the Land registry (thanks houseprices.io) lists sales.

i.e. houses are piling up much faster than they are selling.

The week after the election was wierd - I saw about 5 times the normal new listing - seeing 150 rather than the normal 30 odd.

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I guess if they can go up that quickly they can go down just as quickly.

And the multiple historical evidence does indeed support your thoughts ... :wub::wub::wub:

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Getting desperate in Wimbledon?

This one was relisted today as "offers invited"

http://www.rightmove.co.uk/property-for-sale/property-48136138.html

Here it is on Zoopla. It's one of three that have been on since at least January that have been steadily dropping in price.

http://www.zoopla.co.uk/for-sale/details/35776774#f7M9DOvEgtE2D0J0.97

This 70's marvel has also been listed as "offers invited" today by the same agent.

http://www.rightmove.co.uk/property-for-sale/property-49890403.html

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Good to see you and the numbers acknowledging what I was trying to say a few weeks ago but was laughed off here due to it not being condusive to a crash. I wish it would crash.

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Good to see you and the numbers acknowledging what I was trying to say a few weeks ago but was laughed off here due to it not being condusive to a crash. I wish it would crash.

Hackney is flat from November. London does not stay flat. It rises or falls. Nothing between ...

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  • 396 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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