Jump to content
House Price Crash Forum

Recommended Posts

George Osborne has had to cut a million off his house

https://order-order.com/2020/07/30/through-the-keyhole-george-osbornes-post-brexit-house-price-fall-prediction-comes-true/

Quote

Despite upping sticks to a new £1.6 million Somerset house, George Osborne is yet to sell his Notting Hill pad, originally listed on Domus Nova in March. The six-bedroom mansion was listed for £4.95 million, however the pandemic has clearly taken its toll on the luxury London housing market as just four months later Guido spots a million quid has been sliced off the asking price. Osborne did warn house prices would take a hammering in post-Brexit Britain…

At its new bargain price of only £3.95 million, Guido once again invites you through the keyhole of Osborne’s house; with a reception room, dining room, family room, grand study, two guest bathrooms, a terrace and a walled garden.

 

Link to post
Share on other sites

These people obviously haven't been to journalism school.

The house price is not falling, it is merely increasing by a slightly negative amount, looked at from the right perspective it is still rising, just not in a positive direction.

Link to post
Share on other sites
44 minutes ago, msi said:

Why sell it?  He could rent it out to Rich Hong Kong'ers innit?

Rich Hong Kongers who want to be here would already be here. It has always been very easy to come here if you have a few million (or an income high enough to pay the mortgage on a few million).

Poor ones will not be able to afford London even after a crash. I do not mean houses like this, I mean any at all.

That leaves any middle class ones who want to relocate and do so successfully (getting a job etc.) enough to live in London who will have an effect on property prices in London. Most people have too many ties to want to move from their home so the number will be very small.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.

  • 417 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%



×
×
  • Create New...

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.