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Land Reg Jan 2016 - Whopping Increase

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The only upside is that when the collapse comes it's going to be spectacular.

Which area is driving the prices, Northern Ireland ?

Any mention of sales volumes.

The MEGA bubble appears to be spreading like cancer, everywhere now.

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In Luton from mouth of estate agent it London commuters and BTL landlords piling in to rent to them

Same with the EA I spoke to in Northants last year ( londoners, HTBers and BTLers), said they were overvaluing by 150-200K and some idiots were buying.

The UK has a real problem, not just with tghe housing market but with the people who live there :lol::lol::lol::lol:

The car industry used to call it treasure island...I bet the bankers call it that now.

Edited by TheCountOfNowhere

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The only upside is that when the collapse comes it's going to be spectacular.

Which area is driving the prices, Northern Ireland ?

Any mention of sales volumes.

The MEGA bubble appears to be spreading like cancer, everywhere now.

Only the headline figures are available so far.

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The data has a lag of roughly three months though - before the Clause 24 announcement?

This is some crazy madness now.

I am seeing listings for say, something that was up at £250K from 2008 to 2012 now up at £400K.

Someone must be going round buying at crazy prices....maybe it's foreigners, maybe it's BTLers, but to pay 150K more for something that couldnt sell 2 years ago is beyond any sort of a logic I can work out.

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This is some crazy madness now.

I am seeing listings for say, something that was up at £250K from 2008 to 2012 now up at £400K.

Someone must be going round buying at crazy prices....maybe it's foreigners, maybe it's BTLers, but to pay 150K more for something that couldnt sell 2 years ago is beyond any sort of a logic I can work out.

I've seen things that sold for £350k in 2010 on for £700k.

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Will be interesting to see if the MSM report this as a good or bad thing. I think the tide is turning and there will be some 'This is not good' stories doing the rounds.

How can it be bad news? Home owners feel richer, and if that's the case, I think it's just a minor drawback if younger generations can't afford to buy, but also can't pollinate the wider economy as they save and save and save for a mega-deposit (and the wider economy slowly atrophies), and also put off having families.

Edited by canbuywontbuy

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Nothing makes sense. It must be the mega-ripple effect. It's like watching a runaway train and no one's even trying to apply the brakes.

So now, all they need to do is maintain London prices at insane levels......

I really cannot believe what I am seeing.

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I've seen things that sold for £350k in 2010 on for £700k.

It's like the collapse in 2007 never happened.

Osborne, Brown and the central bankers should end up in prison if you ask me.

This is just criminal IMHO

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Who the F**K is buying ?

Desperate boomers ?

Dont know but I do know a GenX couple who are selling up to retire, in fact sold for over asking price in zone 2/3 Border (Acton'ish) and all went through no chain, no problems.

They had a super good run.

Flat 1, bought for 1/2 the going price as landlady old woman up north and was impressed with £30k for 1 bed flat Hammersmith in 1986

Bought Shop in 1993 as part of their business, got it for fk all as recession was biting and previous owner could not sell.

House, bought after selling flat for x3 what they paid for it in 1992, house cost £120K, just sold circa £1Mill (kitchen extension as only money spent in 20 years or so)

Shop, rented out to people they sold their business to so now a free £20kpa 'pension' money

Moved away from London to somewhere much cheaper.

Gave GenY kids £100K++ each, one bought a house outright somewhere up north, other added to deposit money down south'ish

They talk like it was totally their own hard work that pushed up house prices and got them that lucky first break but the fact is they had textbook straight line success/luck in everything they did and in fact were incredibly bad money managers who spent everything they got (that did not go into loan repayments) on eating out, wine, £2000 rugs and £500 frocks etc. Not jealousy on my part by any means but they are on a different planet with their big headedness. I suspect their kids will now be crowing about how they bought a house/flat through sheer hard work also. (they do point people out who look like 'council flat' people, an eye spy game started by daddy who in fact came from council stock)

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Possibly...but a lot of stupidity too.

I wonder if the school system has some influence on people's inability to question anything - like asking prices. Children are very good at passing exams now and are prepared for "school readiness" at age 3 and "work readiness" age 15. Deviance from this path is punished.

People seem to think that asking prices are selling prices.

Three times in the past two months we have been outbid by buyers who have offered "substantially more" than we have. If that was true (and not the estate agent lying, which is possible I imagine) then buyers have "substantially overpaid". Idiots.

Last one was "the vendor's had an offer close to the asking price from someone who has just put their house on the market", Good luck with that!

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