lostinessex Posted February 22, 2019 Share Posted February 22, 2019 "This time next year Rodney, we'll no longer be millionaires" https://www.standard.co.uk/news/uk/number-of-property-millionaires-in-london-falls-twice-as-sharply-as-the-rest-of-uk-a4072831.html Quote Link to comment Share on other sites More sharing options...
Smith Posted February 22, 2019 Share Posted February 22, 2019 "The average estimated property value of a home in London is now £654,730 — though this is almost £200,000 more than prices being achieved when properties are sold." Quote Link to comment Share on other sites More sharing options...
thewig Posted February 22, 2019 Share Posted February 22, 2019 3 minutes ago, Smith said: "The average estimated property value of a home in London is now £654,730 — though this is almost £200,000 more than prices being achieved when properties are sold." Come again now? Quote Link to comment Share on other sites More sharing options...
Smith Posted February 22, 2019 Share Posted February 22, 2019 I suppose you could argue that if the most expensive homes aren't being sold, then the average value of all homes will be higher than the average price of homes being sold. However this seems like a huge discrepancy and hard to justify for very long. Quote Link to comment Share on other sites More sharing options...
Si1 Posted February 22, 2019 Share Posted February 22, 2019 1 hour ago, Smith said: "The average estimated property value of a home in London is now £654,730 — though this is almost £200,000 more than prices being achieved when properties are sold." Nurse! Quote Link to comment Share on other sites More sharing options...
Smiley George Posted February 22, 2019 Share Posted February 22, 2019 1 hour ago, Smith said: "The average estimated property value of a home in London is now £654,730 — though this is almost £200,000 more than prices being achieved when properties are sold." Sooooooo the actual average value is £454,730? Quote Link to comment Share on other sites More sharing options...
winkie Posted February 22, 2019 Share Posted February 22, 2019 Falling top end pushes the average price down......London property and places are so diverse there is a massive differential in prices, means an average price whatever it is means very little. Quote Link to comment Share on other sites More sharing options...
Locke Posted February 22, 2019 Share Posted February 22, 2019 1 hour ago, Smith said: "The average estimated property value of a home in London is now £654,730 — though this is almost £200,000 more than prices being achieved when properties are sold." 1 hour ago, thewig said: Come again now? The average asking price is £654k, the average selling price is £454k It suggests that few expensive houses are actually selling. Quote Link to comment Share on other sites More sharing options...
thewig Posted February 22, 2019 Share Posted February 22, 2019 18 minutes ago, Locke said: The average asking price is £654k, the average selling price is £454k It suggests that few expensive houses are actually selling. That’s not what it says. Read it again... BABY!! Quote Link to comment Share on other sites More sharing options...
Dorkins Posted February 22, 2019 Share Posted February 22, 2019 *rocking back and forth* My house is worth £654k, I wouldn't be able to actually get somebody to give me that much money for it that but that's definitely what it's worth. *breathes in and out of brown paper bag* Quote Link to comment Share on other sites More sharing options...
Locke Posted February 22, 2019 Share Posted February 22, 2019 22 minutes ago, thewig said: That’s not what it says. Read it again... BABY!! ...few houses are selling around the average "valuation" (to my mind "asking") price? Quote Link to comment Share on other sites More sharing options...
Locke Posted February 22, 2019 Share Posted February 22, 2019 (edited) Edited February 22, 2019 by Locke Quote Link to comment Share on other sites More sharing options...
thewig Posted February 22, 2019 Share Posted February 22, 2019 24 minutes ago, Locke said: ...few houses are selling around the average "valuation" (to my mind "asking") price? “Average valuation” is vague scumbag ea speak it can mean anything they want it to mean, the only real “value” is the market value set by actual TRANSACTIONS! file this one in the bin marked “equity is a matter of opinion, DEBT is real” Quote Link to comment Share on other sites More sharing options...
longgone Posted February 22, 2019 Share Posted February 22, 2019 can you actually buy a decent house in london for 650k ? Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted February 22, 2019 Share Posted February 22, 2019 23 minutes ago, longgone said: can you actually buy a decent house in london for 650k ? Depends on what you mean by decent. You can get a done up 2 bed terrace zone 2/3 easily. Quote Link to comment Share on other sites More sharing options...
longgone Posted February 22, 2019 Share Posted February 22, 2019 1 hour ago, PeanutButter said: Depends on what you mean by decent. You can get a done up 2 bed terrace zone 2/3 easily. zone 2 ? where Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted February 22, 2019 Share Posted February 22, 2019 (edited) 5 hours ago, thewig said: Come again now? I think it means houses are worth 200k on balance sheets/fairy land than they are in real life. I think mark to market got stopped? Once yo get to the 20% + falls usually people start to go under/have problems. Edited February 22, 2019 by Fromage Frais Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted February 22, 2019 Share Posted February 22, 2019 8 minutes ago, longgone said: zone 2 ? where Rightmove - London - filter for house, min 2 max 2, 650k https://www.rightmove.co.uk/property-for-sale/map.html?locationIdentifier=REGION^93814&maxBedrooms=2&minBedrooms=2&maxPrice=650000&minPrice=500000&numberOfPropertiesPerPage=499&propertyTypes=detached%2Csemi-detached%2Cterraced&primaryDisplayPropertyType=houses&includeSSTC=false&viewType=MAP Peckham's a good bet. Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted February 23, 2019 Share Posted February 23, 2019 'Experts blamed the slump in prices on the fall in house prices' Nurse! Quote Link to comment Share on other sites More sharing options...
user not found Posted February 23, 2019 Share Posted February 23, 2019 17 hours ago, PeanutButter said: Rightmove - London - filter for house, min 2 max 2, 650k https://www.rightmove.co.uk/property-for-sale/map.html?locationIdentifier=REGION^93814&maxBedrooms=2&minBedrooms=2&maxPrice=650000&minPrice=500000&numberOfPropertiesPerPage=499&propertyTypes=detached%2Csemi-detached%2Cterraced&primaryDisplayPropertyType=houses&includeSSTC=false&viewType=MAP Peckham's a good bet. 12x average London salary for a 2 bed? Lmfao Quote Link to comment Share on other sites More sharing options...
bushblairandbrown Posted February 23, 2019 Share Posted February 23, 2019 23 hours ago, thewig said: “equity is a matter of opinion, DEBT is real” I like that saying! Thanks Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted February 23, 2019 Share Posted February 23, 2019 4 hours ago, Sausage said: 12x average London salary for a 2 bed? Lmfao The other classic response is, “Why don’t they just live in [X] where I have a mansion with room for 5 Bentleys.” People make their choices and have to live with them eh. *shrug* Quote Link to comment Share on other sites More sharing options...
Si1 Posted February 23, 2019 Share Posted February 23, 2019 On 22/02/2019 at 12:02, thewig said: “equity is a matter of opinion, DEBT is real” Debt is not real any more my friend. Quote Link to comment Share on other sites More sharing options...
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