Jump to content
House Price Crash Forum
AvoidDebt

Ealing same price as Pimlico

Recommended Posts

Some great bear food recently  but this was the quote of the week for me. This article was posted in a couple of other threads but I think this quote deserves a bit more attention. How long are they going to continue this insanity and fraud? This deserves to be pinned to the front door of every London estate agent. 

“Prices have really risen steeply over the past five or six years to the point that a two-bedroom new build in Ealing costs the same as one in Pimlico,” said Alex Jerram, a broker at Dauntons. “You cannot justify asking the same price for a property in greater London as one in central London. If sellers really need to sell, they have to reduce prices.”

https://www.bloomberg.com/news/articles/2017-03-01/these-are-the-places-in-london-where-house-prices-are-falling

Share this post


Link to post
Share on other sites

The power of Crossrail!

The Chinese were also apparently buying up Shenfield - the end of the Crossrail line in Essex. No one of course pointed out that no one in their right mind would take Crossrail to go to central London from Shenfield as it takes more than twice as long as the Greater Anglia fast trains and will stop at about 15 places on the way including such glamorous locations such as Ilford and Romford.

 

Share this post


Link to post
Share on other sites
On 04/03/2017 at 6:21 AM, AvoidDebt said:

Some great bear food recently  but this was the quote of the week for me. This article was posted in a couple of other threads but I think this quote deserves a bit more attention. How long are they going to continue this insanity and fraud? This deserves to be pinned to the front door of every London estate agent. 

“Prices have really risen steeply over the past five or six years to the point that a two-bedroom new build in Ealing costs the same as one in Pimlico,” said Alex Jerram, a broker at Dauntons. “You cannot justify asking the same price for a property in greater London as one in central London. If sellers really need to sell, they have to reduce prices.”

https://www.bloomberg.com/news/articles/2017-03-01/these-are-the-places-in-london-where-house-prices-are-falling

Who in their right mind would pay the same for Ealing as Pimlico?

Share this post


Link to post
Share on other sites
On ‎04‎/‎03‎/‎2017 at 6:21 AM, AvoidDebt said:

Some great bear food recently  but this was the quote of the week for me. This article was posted in a couple of other threads but I think this quote deserves a bit more attention. How long are they going to continue this insanity and fraud? This deserves to be pinned to the front door of every London estate agent. 

“Prices have really risen steeply over the past five or six years to the point that a two-bedroom new build in Ealing costs the same as one in Pimlico,” said Alex Jerram, a broker at Dauntons. “You cannot justify asking the same price for a property in greater London as one in central London. If sellers really need to sell, they have to reduce prices.”

https://www.bloomberg.com/news/articles/2017-03-01/these-are-the-places-in-london-where-house-prices-are-falling

 

I expect that was a bit of an edge example that he has chosen there - a top-end luxury development in Ealing, versus a run of the mill one in Pimlico.

At the same time, I don't necessarily agree that central London has to be more expensive than greater London. I was in Walworth last week, (just over a mile walk from the City) and the prices of most of the conversion flats were comfortably cheaper than where I live in Surbiton, and would be much cheaper than the same type in Ealing or Richmond.

Share this post


Link to post
Share on other sites

Pimlico is prime central london (Between Chelsea and Westminster, and by the river).. as nice as Ealing is.. there's a big difference between the two.. hence why Ealing is so over-valued, mainly by new builds which are sold off plan to far east investors.

Share this post


Link to post
Share on other sites
On 06/04/2017 at 5:34 PM, Mr Foster said:

Pimlico is prime central london (Between Chelsea and Westminster, and by the river).. as nice as Ealing is.. there's a big difference between the two.. hence why Ealing is so over-valued, mainly by new builds which are sold off plan to far east investors.

Value is what people are willing to pay to live in an area.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   47 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.