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TheCountOfNowhere

City house prices plummet as London market continues to cool

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IMO that's a terribly-written article:

Quote

The research showed that house prices in the City fell 25.9 per cent in the year to April, although this was only on a small number of sales

Then:

Quote

Overall, London saw an annual growth of just 2.9 per cent

While I'm all for anything that strikes fear into the "HPI forever" crowd, this smacks of poor / sensationalist "journalism" IMO.

Edited by ftb_fml

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20 minutes ago, ftb_fml said:

IMO that's a terribly-written article:

Then:

While I'm all for anything that strikes fear into the "HPI forever" crowd, this smacks of poor / sensationalist "journalism" IMO.

It's great isnt it.

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16 minutes ago, TheCountOfNowhere said:

It's great isnt it.

Yeah - subservience to the lies and stupidity peddled by the establishment / media helped get us into this mess - perhaps now it'll help get us out 😛

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Was going to post in a separate thread but this seems as good a place as any.

Noticed another reduction this morning in one of the areas I take an interest in, 3-bed townhouse reduced to £775k from £799,950 - http://www.rightmove.co.uk/property-for-sale/property-65326654.html

They bought the house 2 years ago for £770k!

Then I noticed that an almost identical 3-bed a couple of doors down sold for £708k in March. If they really want to sell, they're clearly going to have to accept an offer below £708k now this information is there for all to see. http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=64364437&sale=6673123&country=england

For me this validates that we're now seeing what started in PCL, is now reaching the suburbs. The guy who sold for £708k has played a blinder bought for £324k in 2001, a nice little profit and he's managed to get out before things get nasty, whilst also contributing to bringing house prices down in the vicinity...I salute him!

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17 minutes ago, Smiley George said:

Was going to post in a separate thread but this seems as good a place as any.

Noticed another reduction this morning in one of the areas I take an interest in, 3-bed townhouse reduced to £775k from £799,950 - http://www.rightmove.co.uk/property-for-sale/property-65326654.html

They bought the house 2 years ago for £770k!

Then I noticed that an almost identical 3-bed a couple of doors down sold for £708k in March. If they really want to sell, they're clearly going to have to accept an offer below £708k now this information is there for all to see. http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=64364437&sale=6673123&country=england

For me this validates that we're now seeing what started in PCL, is now reaching the suburbs. The guy who sold for £708k has played a blinder bought for £324k in 2001, a nice little profit and he's managed to get out before things get nasty, whilst also contributing to bringing house prices down in the vicinity...I salute him!

SmileyGeorge,  this is no good, it's not an anecdote, enough with your facts and figures and provable stuff, that just wont stand up to scrutiny when someone comes on to tell us his brothers mums sister's dog has bought a BTL from a new build devloepr with no end of help, got in quick before it missed out.

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36 minutes ago, ftb_fml said:

Yeah - subservience to the lies and stupidity peddled by the establishment / media helped get us into this mess - perhaps now it'll help get us out 😛

The tide does feel like it has turned.

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36 minutes ago, Smiley George said:

Was going to post in a separate thread but this seems as good a place as any.

Noticed another reduction this morning in one of the areas I take an interest in, 3-bed townhouse reduced to £775k from £799,950 - http://www.rightmove.co.uk/property-for-sale/property-65326654.html

They bought the house 2 years ago for £770k!

Then I noticed that an almost identical 3-bed a couple of doors down sold for £708k in March. If they really want to sell, they're clearly going to have to accept an offer below £708k now this information is there for all to see. http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=64364437&sale=6673123&country=england

For me this validates that we're now seeing what started in PCL, is now reaching the suburbs. The guy who sold for £708k has played a blinder bought for £324k in 2001, a nice little profit and he's managed to get out before things get nasty, whilst also contributing to bringing house prices down in the vicinity...I salute him!

I had the very same not far from there. 18 month old house, bought for 740 in April 2016 then September 2017 on the market for 850! then reduced to 799, I offered 719 and was nearly hit by the agent.. they then changed agents and now it is off the market

 

I think 719 is a fair price considering what they paid for it

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15 minutes ago, hurlerontheditch said:

I had the very same not far from there. 18 month old house, bought for 740 in April 2016 then September 2017 on the market for 850! then reduced to 799, I offered 719 and was nearly hit by the agent.. they then changed agents and now it is off the market

 

I think 719 is a fair price considering what they paid for it

Personally I think almost three quarters of a million £££ for a three bed not even detached new build house*  where you can probably hear your neighbours farting - on the outskirts of London is about as far from a 'fair' price as you can get.

Each to their own though. :D

 

 

* I'm assuming your example is similar to the original one here.

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5 minutes ago, ccc said:

Personally I think almost three quarters of a million £££ for a three bed not even detached new build house*  where you can probably hear your neighbours farting - on the outskirts of London is about as far from a 'fair' price as you can get.

Each to their own though. :D

 

 

* I'm assuming your example is similar to the original one here.

haha it was a 4 bed room and in Richmond, but  I agree!!

 

 

 

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44 minutes ago, TheCountOfNowhere said:

SmileyGeorge,  this is no good, it's not an anecdote, enough with your facts and figures and provable stuff, that just wont stand up to scrutiny when someone comes on to tell us his brothers mums sister's dog has bought a BTL from a new build devloepr with no end of help, got in quick before it missed out.

😂

Sorry Count, I didn't think.

Just for sh1ts and giggles the missus and I are thinking of viewing a couple of houses this weekend, just to torture some EA's with some "facts"....probably be quite an enjoyable day.

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2 minutes ago, hurlerontheditch said:

haha it was a 4 bed room and in Richmond, but  I agree!!

 

 

 

Its all just got so nuts its all very :wacko:

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3 hours ago, Smiley George said:

Was going to post in a separate thread but this seems as good a place as any.

Noticed another reduction this morning in one of the areas I take an interest in, 3-bed townhouse reduced to £775k from £799,950 - http://www.rightmove.co.uk/property-for-sale/property-65326654.html

They bought the house 2 years ago for £770k!

Then I noticed that an almost identical 3-bed a couple of doors down sold for £708k in March. If they really want to sell, they're clearly going to have to accept an offer below £708k now this information is there for all to see. http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=64364437&sale=6673123&country=england

For me this validates that we're now seeing what started in PCL, is now reaching the suburbs. The guy who sold for £708k has played a blinder bought for £324k in 2001, a nice little profit and he's managed to get out before things get nasty, whilst also contributing to bringing house prices down in the vicinity...I salute him!

http://www.rightmove.co.uk/property-for-sale/property-65503918.html

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=53944929&sale=89569242&country=england 

 

945k paid for it before refurb costs i see 100k has been knocked off already 😄 

might get 1.2 if lucky 

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55 minutes ago, longgone said:

Good spot. They've got zero chance of getting £1.45m, there are a good few new builds on there already of similar size all around £1.2m...and that's before things get a bit more "crashy".

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17 hours ago, longgone said:

http://www.rightmove.co.uk/property-for-sale/property-65503918.html

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=53944929&sale=89569242&country=england 

 

945k paid for it before refurb costs i see 100k has been knocked off already 😄 

 might get 1.2 if lucky 

It's as if they only remembered to turn the black and white setting off when they went to take the photos outside.  It's not exactly homely is it?!

Bought, renovated and back on the market in 14 months - I can only imagine it's a developer.  Weird that they haven't put any furniture in the place when they're asking so much money for it.

For comparison in my neck of the woods (a mile or so nearer to central London, much more vibrant area), you could live in any of these lovely houses and have an extra 1/4 of a mill in the back pocket.

http://www.rightmove.co.uk/property-for-sale/property-73827899.html

http://www.rightmove.co.uk/property-for-sale/property-73864445.html

http://www.rightmove.co.uk/property-for-sale/property-65684545.html

 

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On 19/06/2018 at 10:40, TheCountOfNowhere said:

"The research showed that house prices in the City fell 25.9 per cent in the year to April, "

Good find count.

I was about to come on here and bol***k you for using over emotive language like "plummet" like I do others, but yes, I think you can call 25% fall plummeting. Notice Southwark was -19%, I love that area as I have a private club there that I often visit for a weekend. Sadly only two types of people live there now, the very rich or feral housing benefit family's  there is little in between.

Lets just hope this news spreads outside the M25 and further.

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2 hours ago, inbruges said:

Good find count.

I was about to come on here and bol***k you for using over emotive language like "plummet" like I do others, but yes, I think you can call 25% fall plummeting. Notice Southwark was -19%, I love that area as I have a private club there that I often visit for a weekend. Sadly only two types of people live there now, the very rich or feral housing benefit family's  there is little in between.

Lets just hope this news spreads outside the M25 and further.

25.9%....should be rounded up, not down, 26% falls.

 

Bollocking over :P

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Wandsworth was down over 10% too IIRC.

That doesnt surprise me, Clapham/Balham area has approx 2600 2 bed flats for sale  !!!!!!!!!!!!!

Some of the asking prices for these flat looking ridiculous as people try selling their 3 bed flats and houses !!!

The prices ARE being set at the margins and plenty can afford to sell at 2004 prices !!!! PLENTY

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10 minutes ago, TheCountOfNowhere said:

25.9%....should be rounded up, not down, 26% falls.

 

Bollocking over :P

Ohhh, you bit*h

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  • 338 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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