Fletcher Posted April 4, 2019 Share Posted April 4, 2019 https://www.zerohedge.com/news/2019-04-01/london-real-estate-suffers-largest-drop-decade Quote Link to comment Share on other sites More sharing options...
EnglishinWales Posted April 4, 2019 Share Posted April 4, 2019 Nice loft. Quote Link to comment Share on other sites More sharing options...
Wayward Posted April 4, 2019 Share Posted April 4, 2019 Did it really reach 25% yoy?? As shown in their graph? Unbelievable... Quote Link to comment Share on other sites More sharing options...
JDI Posted April 4, 2019 Share Posted April 4, 2019 Unsurprisingly a massive spike in prices not long after HTB was introduced. Quote Link to comment Share on other sites More sharing options...
Peter Hun Posted April 4, 2019 Share Posted April 4, 2019 I doubt it, its Zerohedge. For instance "Values in the capital dropped 3.8% year-over-year according to the Nationwide Building Society, marking the seventh straight decline. " Its the seventh quarterly decline, our Russian friends twist it to imply its yearly falls. Nothing in the data to match 25% as far as I can tell.. https://www.nationwide.co.uk/about/house-price-index/download-data#xtab:regional-quarterly-series-all-properties-data-available-from-1973-onwards Quote Link to comment Share on other sites More sharing options...
Peter Hun Posted April 4, 2019 Share Posted April 4, 2019 9 minutes ago, Just_Do_It said: Unsurprisingly a massive spike in prices not long after HTB was introduced. HTB isn't going to affect London prices as much as is new build and low end. Not a big part of Londons sales. At that time its was the top of the market getting frisky. Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted April 4, 2019 Share Posted April 4, 2019 (edited) 41 minutes ago, Peter Hun said: HTB isn't going to affect London prices as much as is new build and low end. Not a big part of Londons sales. At that time its was the top of the market getting frisky. More of a safety net on the way down for all those flats. What a beautiful scheme (for the lobbyists who designed it!) its drives up prices in the poor areas and backstops the crappy investment units being put up in London. Average wage 36-40k in London 2x = 75,000 and with just 30K you can bathe in 570,000£of debt. 8 x household 16 x average individual. 1million boom time 600-800k now..... soon to be HTB fodder. Logically this will put a tax payer subsidised floor under the prices. The scale of the HTB subsidy will be staggering if that starts to click in around nine elms etc. https://www.barratthomes.co.uk/Offers/Help-to-Buy/ Edited April 4, 2019 by Fromage Frais Quote Link to comment Share on other sites More sharing options...
spyguy Posted April 5, 2019 Share Posted April 5, 2019 The flip side of having a housing market where your house can make more money than youd earn in a lifetime .... ... Is a housing market where your house can lose more money than youd earn in your life time. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.