Fairyland Posted October 7, 2016 Share Posted October 7, 2016 Some of us are so obsessed with property. What about the crashing pound? Brexit? The next hot London boroughs: where and when will average house prices hit £500,000? Quote Young renters unleashed upon London for the first time tend to flock to the popular party hubs of Clapham, Brixton and Hackney, eager to be as central as rents will allow. But when it comes to getting on the ladder or buying that first family home, many are forced to to fan out in search of an area in which they can afford to become owners, not tenants. This momentum of migration creates “catch 22 boroughs”: gentrifying areas where a sustained increase in demand drives up values, eventually rendering them unaffordable for the next generation. New research from the property group JLL has identified London’s locations of the moment, where prices are on track to breach the £500,000 threshold by 2020. Quote Link to comment Share on other sites More sharing options...
Nabby81 Posted October 7, 2016 Share Posted October 7, 2016 Yipee lets celebrate more area's becoming affordable ..FFS Quote Link to comment Share on other sites More sharing options...
One-percent Posted October 7, 2016 Share Posted October 7, 2016 49 minutes ago, Fairyland said: Some of us are so obsessed with property. What about the crashing pound? Brexit? The next hot London boroughs: where and when will average house prices hit £500,000? You would have to pay me to live in any of those sh!t holes, bar Greenwich. However the centre of Greenwich, round the park and up towards blackheath is already mega expensive. Nonsense article trying to ramp Quote Link to comment Share on other sites More sharing options...
EssKay Posted October 7, 2016 Share Posted October 7, 2016 55 minutes ago, One-percent said: You would have to pay me to live in any of those sh!t holes, bar Greenwich. However the centre of Greenwich, round the park and up towards blackheath is already mega expensive. Nonsense article trying to ramp Well - it IS based on a JLL study... Greenwich is an odd place really. The centre, round the park and around Blackheath are as nice as anywhere in central London and far better than any of the other places listed. Once you get outside of that area though it gets very grim, very quickly. There are vast swathes of land up around Charlton out to places like Eltham, Woolwich and Abbey Wood that are just horrible to even drive through, let alone live in. I think a lot of it has to do with the labour dominated council - all they seem interested in is building up dependency so they keep getting voted in. They make a huge noise about being a "beacon" borough for affordable housing, but that affordable housing isn't for ordinary working people. It's social housing for jobless HB claimants Quote Link to comment Share on other sites More sharing options...
One-percent Posted October 7, 2016 Share Posted October 7, 2016 6 minutes ago, EssKay said: Well - it IS based on a JLL study... Greenwich is an odd place really. The centre, round the park and around Blackheath are as nice as anywhere in central London and far better than any of the other places listed. Once you get outside of that area though it gets very grim, very quickly. There are vast swathes of land up around Charlton out to places like Eltham, Woolwich and Abbey Wood that are just horrible to even drive through, let alone live in. I think a lot of it has to do with the labour dominated council - all they seem interested in is building up dependency so they keep getting voted in. They make a huge noise about being a "beacon" borough for affordable housing, but that affordable housing isn't for ordinary working people. It's social housing for jobless HB claimants Massive amount of building too, around the peninsula and up towards woolwich. Grim. I drive along that road quite often, crossing the Thames by both the tunnel and the ferry. I don't think I have ever seen the sun shine and it is always windy Quote Link to comment Share on other sites More sharing options...
EssKay Posted October 7, 2016 Share Posted October 7, 2016 The peninsula area is quite a nice little enclave actually. Well, if you're lucky enough to live in the bits facing the river anyway. The bits on the other side around the A102/Blackwall Tunnel approach are horrible. Rather than doing anything to fix that though, they're going to add to the problem by building another tunnel that branches off towards Silvertown on the north bank. By the time that's done, they'll have created an island hemmed in on three sides by three lane A roads and tunnels. Bet they don't mention that in the marketing blurb for the new developments going up... Quote Link to comment Share on other sites More sharing options...
One-percent Posted October 7, 2016 Share Posted October 7, 2016 9 minutes ago, EssKay said: The peninsula area is quite a nice little enclave actually. Well, if you're lucky enough to live in the bits facing the river anyway. The bits on the other side around the A102/Blackwall Tunnel approach are horrible. Rather than doing anything to fix that though, they're going to add to the problem by building another tunnel that branches off towards Silvertown on the north bank. By the time that's done, they'll have created an island hemmed in on three sides by three lane A roads and tunnels. Bet they don't mention that in the marketing blurb for the new developments going up... I've been hearing about this tunnel off and on for years. Is it actually going ahead? Quote Link to comment Share on other sites More sharing options...
drunkincharge Posted October 7, 2016 Share Posted October 7, 2016 Can someone list the areas. I can't read the article as it says I've reached my monthly free limit! Cheers in advance. Quote Link to comment Share on other sites More sharing options...
One-percent Posted October 7, 2016 Share Posted October 7, 2016 It's all presented on a weird grid, but the top five are listed Hackney greenwich tower hamlets hammersmith and fulham lambeth Quote Link to comment Share on other sites More sharing options...
EssKay Posted October 7, 2016 Share Posted October 7, 2016 17 minutes ago, One-percent said: I've been hearing about this tunnel off and on for years. Is it actually going ahead? Full steam ahead unfortunately. Sadiq Khan had an opportunity to kill it off after he took over as mayor but he appears to be all for it: http://www.bbc.co.uk/news/uk-england-london-37552446 Quote Link to comment Share on other sites More sharing options...
One-percent Posted October 7, 2016 Share Posted October 7, 2016 20 minutes ago, EssKay said: Full steam ahead unfortunately. Sadiq Khan had an opportunity to kill it off after he took over as mayor but he appears to be all for it: http://www.bbc.co.uk/news/uk-england-london-37552446 Ta. it seems that the argument is predicated on a growing population. Maybe a hard brexit will shelve the plans again. That map ie very odd. It shows all the crossings but not the blackwall tunnel. Quote Link to comment Share on other sites More sharing options...
mattyboy1973 Posted October 7, 2016 Share Posted October 7, 2016 1 hour ago, EssKay said: Greenwich is an odd place really. The centre, round the park and around Blackheath are as nice as anywhere in central London and far better than any of the other places listed. Once you get outside of that area though it gets very grim, very quickly. There are vast swathes of land up around Charlton out to places like Eltham, Woolwich and Abbey Wood that are just horrible to even drive through, let alone live in. This is true of anywhere in London, and in some ways I think it is peculiar to London out of the cities I have lived in and visited. There isn't really a dividing line between a large nice area and the shit holes (like you might get in Sydney, to some extent, with east/west). Instead you get pockets of nice-to-very-nice areas surrounded by much worse areas, yet for some reason the populace doesn't seem to overlap much. E.g. Dulwich village is almost like another world, but is within a mile or so of some of the roughest parts of Brixton and Peckham. I don't think you are ever more than a mile or so from somewhere pretty dodgy, although it is all a lot better than it was when I was growing up there. Quote Link to comment Share on other sites More sharing options...
Tapori Posted October 7, 2016 Share Posted October 7, 2016 2 hours ago, EssKay said: Well - it IS based on a JLL study... Greenwich is an odd place really. The centre, round the park and around Blackheath are as nice as anywhere in central London and far better than any of the other places listed. Once you get outside of that area though it gets very grim, very quickly. There are vast swathes of land up around Charlton out to places like Eltham, Woolwich and Abbey Wood that are just horrible to even drive through, let alone live in. I think a lot of it has to do with the labour dominated council - all they seem interested in is building up dependency so they keep getting voted in. They make a huge noise about being a "beacon" borough for affordable housing, but that affordable housing isn't for ordinary working people. It's social housing for jobless HB claimants Aye. But crossrail will have a major effect on even these areas. Expect those areas to be the new hipsters paradise. Quote Link to comment Share on other sites More sharing options...
EssKay Posted October 7, 2016 Share Posted October 7, 2016 6 minutes ago, mattyboy1973 said: This is true of anywhere in London, and in some ways I think it is peculiar to London out of the cities I have lived in and visited. There isn't really a dividing line between a large nice area and the shit holes (like you might get in Sydney, to some extent, with east/west). Instead you get pockets of nice-to-very-nice areas surrounded by much worse areas, yet for some reason the populace doesn't seem to overlap much. E.g. Dulwich village is almost like another world, but is within a mile or so of some of the roughest parts of Brixton and Peckham. I don't think you are ever more than a mile or so from somewhere pretty dodgy, although it is all a lot better than it was when I was growing up there. Yep - It's true of most of the boroughs surrounding central London although there's usually less of a contrast between the nice areas and dodgy areas Quote Link to comment Share on other sites More sharing options...
80sBaby Posted October 7, 2016 Share Posted October 7, 2016 2 minutes ago, Tapori said: Aye. But crossrail will have a major effect on even these areas. Expect those areas to be the new hipsters paradise. Currency depreciation = inflation spike. That's going to nail all of the above! FYI - Price reduction in the suburbs appears to be all the rage! http://www.dailymail.co.uk/wires/reuters/article-3827518/Volatile-falling-unstable-sterling-evokes-prior-UK-emerging-FX-crises.html I am too liberal to read the mail, but sometimes it is unavoidable!! I am off to repent with 30 hail guardians! Quote Link to comment Share on other sites More sharing options...
EssKay Posted October 7, 2016 Share Posted October 7, 2016 7 minutes ago, Tapori said: Aye. But crossrail will have a major effect on even these areas. Expect those areas to be the new hipsters paradise. I take it you've never been to Abbey Wood Quote Link to comment Share on other sites More sharing options...
Peter Hun Posted October 8, 2016 Share Posted October 8, 2016 Link doesn't work. Can someone repost it. Prices in London are falling, so which areas are falling below £500k Quote Link to comment Share on other sites More sharing options...
Gribble Posted October 8, 2016 Share Posted October 8, 2016 The Telegraph financial and business pages have become a joke. Supported by City and house price ramping propaganda. If you look at this article , it stands out like a sore thumb amongst the other very gloomy articles on terrible UK economy such as slumping £, manufacturing data down , etc etc. And their consistency is a joke. Mathew Lynn has been supporting Eurozone QE, but when it comes to UK QE he is up in arms. They are idiots and/or have hiden City agendas Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted October 8, 2016 Share Posted October 8, 2016 The last time I went to Hackney one of the tube stations and side roads was cordoned off for a murder investigation. The locals seemed fairly relaxed about it - guess it's gang on gang. Don't get caught in the cross-fire? Quote Link to comment Share on other sites More sharing options...
Royw6 Posted October 8, 2016 Share Posted October 8, 2016 On 7 October 2016 at 7:45 PM, EssKay said: I take it you've never been to Abbey Wood I thought abbey wood was renamed the Olympic village in 2012, or was that thamesmead! Quote Link to comment Share on other sites More sharing options...
Venger Posted October 8, 2016 Share Posted October 8, 2016 13 hours ago, Gribble said: The Telegraph financial and business pages have become a joke. Supported by City and house price ramping propaganda. If you look at this article , it stands out like a sore thumb amongst the other very gloomy articles on terrible UK economy such as slumping £, manufacturing data down , etc etc. And their consistency is a joke. Mathew Lynn has been supporting Eurozone QE, but when it comes to UK QE he is up in arms. They are idiots and/or have hiden City agendas Yeah but you're just a QC Silk Tax Specialist. What would you know. Answers are, because it's BTL innit. Hardworking people, 'pensions', 'taken responsibility, 'providing homes' - 'BTL a business' etc etc. Quote Link to comment Share on other sites More sharing options...
Tapori Posted October 9, 2016 Share Posted October 9, 2016 lol - Go on Blandy! Quote Link to comment Share on other sites More sharing options...
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