Bubble & Squeak Posted November 25, 2014 Share Posted November 25, 2014 Osborne is bound to stick the spanner in. Its all they stand for. he may well force my hand if he comes up with a good one. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 25, 2014 Share Posted November 25, 2014 he may well force my hand if he comes up with a good one. ohh err missus. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted November 25, 2014 Share Posted November 25, 2014 I am hearing the whole Kensington/Chelsea/Fulham area is down 30-35% from inflated asking prices. The drop is probably 15% from the peak so far. If you go out of London - a radius of approx 60-90 miles -- there are a MASSIVE number of people who just CANNOT sell their over-priced homes.... Several people in the business have told me this. Some people have had their homes on the market for up to FOUR YEARS!!!! Unsold..... Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted November 25, 2014 Share Posted November 25, 2014 If you go out of London - a radius of approx 60-90 miles -- there are a MASSIVE number of people who just CANNOT sell their over-priced homes.... Several people in the business have told me this. Some people have had their homes on the market for up to FOUR YEARS!!!! Unsold..... One day they'll capitulate Eric, one day.... Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted November 25, 2014 Share Posted November 25, 2014 One day they'll capitulate Eric, one day.... at what point though? It can only be the gullible buying into all the talk of the (borrowing, immigrant debt-slave and prostitute/drugs GDP induced) BS recovery, therefore waiting for the banks to magically start lending a zillion x dual incomes. Quote Link to comment Share on other sites More sharing options...
yes Posted November 26, 2014 Author Share Posted November 26, 2014 at what point though? It can only be the gullible buying into all the talk of the (borrowing, immigrant debt-slave and prostitute/drugs GDP induced) BS recovery, therefore waiting for the banks to magically start lending a zillion x dual incomes. I know friends trying to sell there house - really nice in a nice part of Pinner (NW London) for 6 years at a price suggested by EAs. No luck!! Quote Link to comment Share on other sites More sharing options...
SlimJ Posted November 26, 2014 Share Posted November 26, 2014 I know friends trying to sell there house - really nice in a nice part of Pinner (NW London) for 6 years at a price suggested by EAs. No luck!! I know it's a long shot, and I may be silly for suggesting this crazy idea, but have they thought about reducing the price??? Is it on RM, link? Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted November 26, 2014 Share Posted November 26, 2014 at what point though? It can only be the gullible buying into all the talk of the (borrowing, immigrant debt-slave and prostitute/drugs GDP induced) BS recovery, therefore waiting for the banks to magically start lending a zillion x dual incomes. I have no idea. Quote Link to comment Share on other sites More sharing options...
Pedro2706 Posted November 26, 2014 Share Posted November 26, 2014 If you go out of London - a radius of approx 60-90 miles -- there are a MASSIVE number of people who just CANNOT sell their over-priced homes.... Several people in the business have told me this. Some people have had their homes on the market for up to FOUR YEARS!!!! Unsold..... I would suggest the same in West Beks at the pricier end of the market-there seems to have been an "invent a price" mentality prevalent over the last 15 months which has now hit the buffers-the sad thing is that when you go in and suggest an offer of 25% below asking they look terribly offended as if you really don't "get it"-of course when you look at achieved prices from only a few years ago you realise that even at a 25% discount its still a bonkers price.Still,lets hope that this perpetual increase mentality will finally get killed off and the market moves to at least a more realistic basis-the problem is of course that in the absence of a major event(and that can only be significant interest rate hikes)that slow dawning of realisation and change of perception could take a long long time. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 26, 2014 Share Posted November 26, 2014 If you go out of London - a radius of approx 60-90 miles -- there are a MASSIVE number of people who just CANNOT sell their over-priced homes.... Several people in the business have told me this. Some people have had their homes on the market for up to FOUR YEARS!!!! Unsold..... This was definitely true for northants until 18 months ago., till about 4 months ago. NO end of over-priced **** was selling ( Londoners relocating I suspect ). Now it is back to the way it was before but now asking prices are 30% higher !!! It will take a major shock to get asking prices down ( or very low sales for agents ). The market is dead again. Quote Link to comment Share on other sites More sharing options...
yes Posted November 29, 2014 Author Share Posted November 29, 2014 Party over!! http://www.telegraph.co.uk/finance/personalfinance/houseprices/11261500/The-house-price-party-is-over-Values-in-luxury-London-fall.html Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted November 30, 2014 Share Posted November 30, 2014 Party over!! http://www.telegraph.co.uk/finance/personalfinance/houseprices/11261500/The-house-price-party-is-over-Values-in-luxury-London-fall.html The party that started in the car park outside the original party that got broken up when someone produced a bottle of whiskey from their pocket you mean? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted November 30, 2014 Share Posted November 30, 2014 The party that started in the car park outside the original party that got broken up when someone produced a bottle of whiskey from their pocket you mean? The 'record pay and bonuses' party that's been put on for the banking criminals (again). Quote Link to comment Share on other sites More sharing options...
yes Posted December 2, 2014 Author Share Posted December 2, 2014 Russians are now unable to buy as GBP has become 60% more expensive for the this year https://uk.finance.yahoo.com/echarts?s=USDRUB%3DX#symbol=USDRUB=X;range=1d Quote Link to comment Share on other sites More sharing options...
FallingAwake Posted December 2, 2014 Share Posted December 2, 2014 I thought they weren't able to buy because of sanctions. Or was all that "oooh, bad Russia!" talk yet more BS from the politicians? Quote Link to comment Share on other sites More sharing options...
yes Posted December 3, 2014 Author Share Posted December 3, 2014 From £3,800,000 to £2,999,950 !!! http://www.rightmove.co.uk/property-for-sale/property-31901244.html Quote Link to comment Share on other sites More sharing options...
yes Posted December 3, 2014 Author Share Posted December 3, 2014 and some people don't want to drop prices so they are adding bedrooms - earlier listed at 3BR but chnaged to 4BR http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=OUTCODE^1864&sortType=6&displayPropertyType=houses&googleAnalyticsChannel=buying Quote Link to comment Share on other sites More sharing options...
@contradevian Posted December 3, 2014 Share Posted December 3, 2014 (edited) How is the collapse of the rouble playing out? Can't be good for new sales I'd have thought. Though GBP has come off the boil Edited December 3, 2014 by aSecureTenant Quote Link to comment Share on other sites More sharing options...
yes Posted December 3, 2014 Author Share Posted December 3, 2014 How is the collapse of the rouble playing out? Can't be good for new sales I'd have thought. Though GBP has come off the boil One thing is sure - with the oil price collapse, rouble collapse and sanctions, not many russians will be bringing in money from russia to buy in London soon. Quote Link to comment Share on other sites More sharing options...
yes Posted January 7, 2015 Author Share Posted January 7, 2015 MSM now picking it up: http://www.telegraph.co.uk/finance/personalfinance/houseprices/11329536/House-prices-The-luxury-London-bubble-has-burst.html Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 8, 2015 Share Posted January 8, 2015 Russians are now unable to buy as GBP has become 60% more expensive for the this year https://uk.finance.yahoo.com/echarts?s=USDRUB%3DX#symbol=USDRUB=X;range=1d But wasn't there she daft columnist in the telegraph who said that Russia's crashed economy would mean increased house prices in London? Quote Link to comment Share on other sites More sharing options...
yes Posted January 8, 2015 Author Share Posted January 8, 2015 But wasn't there she daft columnist in the telegraph who said that Russia's crashed economy would mean increased house prices in London? Columnists & analysts: If Russian economy does well London prices will go up. If Russina economy crashes, prices will go up. Whatever happens, they find a reason.. Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 8, 2015 Share Posted January 8, 2015 Columnists & analysts: If Russian economy does well London prices will go up. If Russina economy crashes, prices will go up. Whatever happens, they find a reason.. My all time favourite was uncertainty following the popes death. And it got printed. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 8, 2015 Share Posted January 8, 2015 My all time favourite was uncertainty following the popes death. And it got printed.There was a comment in a RICS report a couple of years back which blamed a slowdown in the property market on Andy Murray having a good run at Wimbledon (and this wasn't the year he won it). Quote Link to comment Share on other sites More sharing options...
silver surfer Posted January 8, 2015 Share Posted January 8, 2015 One thing is sure - with the oil price collapse, rouble collapse and sanctions, not many russians will be bringing in money from russia to buy in London soon. Why "sure"? I used to work in Russia and recently I've had a few calls from Russians wanting to know about the UK property market and/or the prospects for work in the UK. These aren't the headline grabbing billionaires buying Kensington mansions, but upper middle class professionals and business people with assets of perhaps a few £m. The issue they all mention is the risk of exchange controls, which if enacted would prevent them from taking their roubles out of Russia. Many Russians are coming to the conclusion that, even though they've been pummelled by exchange rates, if they wait too long for a rouble recovery bounce they may find themselves locked in. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.