Si1 Posted March 23, 2021 Share Posted March 23, 2021 As per title. what kind of stuff is falling or sticking? Location, type? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 23, 2021 Share Posted March 23, 2021 22 minutes ago, Si1 said: As per title. what kind of stuff is falling or sticking? Location, type? In a word. London. Also the shires are awash with what look like bottom end repos and flats. Dunno who thinks that chains are going anywhere. Can only imagine it's a proper ponzi, top down, region moving driven scam at the mo Quote Link to comment Share on other sites More sharing options...
spyguy Posted March 23, 2021 Share Posted March 23, 2021 Houses. London/SE equity has the equity but doesnt have the buyers to release the money. Accordiing to the EAS and other boosters, 'rural' have hordes of people escaping London/SE. I cant see this being squared, going anywhere. Most fo the people working in London (under 50s) will have been renting, so have no equity. Most of he owners in London have been renting out properties, a lot of which are empty, and will have banks breathing down their necks. Simple question - has Covid made the UK richer or poorer. If richer than buy buy buy! If poorer then you better start bracing for the fall out.   Quote Link to comment Share on other sites More sharing options...
Former postman Posted March 23, 2021 Share Posted March 23, 2021 All of the houses that have sold in my immediate area have had teams of Indian builders swoop in within days of the for sale sign switching to sold. I don't believe many have sold to actual families, or none that I have noticed have. Purely anecdotal, but it seems to me houses are selling quickly, but to this particular type of 'property developer'. I have counted 7 of these sales to 'property developers' in the past 6 months within a few roads of where I live. Most end up with grey framed double glazing, white/beige rendered outer walls, a printed driveway, grey carpets and white walls throughout. Quote Link to comment Share on other sites More sharing options...
Si1 Posted March 23, 2021 Author Share Posted March 23, 2021 (edited) 4 minutes ago, Postman said: All of the houses that have sold in my immediate area have had teams of Indian builders swoop in within days of the for sale sign switching to sold. I don't believe many have sold to actual families, or none that I have noticed have. Purely anecdotal, but it seems to me houses are selling quickly, but to this particular type of 'property developer'. I have counted 7 of these sales to 'property developers' in the past 6 months within a few roads of where I live. Most end up with grey framed double glazing, white/beige rendered outer walls, a printed driveway, grey carpets and white walls throughout. It's funny, for complicated reasons I had two washing machines, working order, that I sold on eBay. Both went to conspicuous Indian landlord types with vans! (And for more than I thought they were worth frankly) Edited March 23, 2021 by Si1 Quote Link to comment Share on other sites More sharing options...
Badhairday Posted March 23, 2021 Share Posted March 23, 2021 I am watching houses in London - nothing is selling. Quote Link to comment Share on other sites More sharing options...
voy-por Posted March 24, 2021 Share Posted March 24, 2021 London flats. Pulled out of sale for a very competitively sought EC flat on eve of lockdown last March (went to sealed), flat relisted straight after, still not sold to this day. No issues with cladding and decent fees. This is the case for many other flats in my favoured history from around that period - they're just not moving. As soon as the cladding debacle is resolved, and these flats flood the market, the crash will begin. The cynic might even say this is the real reason they're dragging their heels to resolve it.. What we are seeing right now in London is a not seen before dynamic. But it has all the hallmarks of a late stage panic. Rich kids skipping a rung and jumping straight in with silly offers on a limited supply of Z2/Z3 houses. However, there is only so many of these idiots. Most folk don't have that sort of cash. And the first steppers, who would ordinarily be relied on to use their capital gains to step up, are trapped in flats waiting patiently until they can sell. When they do, they'll be lucky to their capital back let alone make gains. It will spiral from there. Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted March 24, 2021 Share Posted March 24, 2021 London's a big area. Maybe people making statements that houses in London aren't selling could narrow it down? Large houses with gardens near excellent schools are selling from what I can see in S London. 1 or 3 bed flats with no garden are slower, dropping. 2 beds with gardens still selling (I think this is because they are the traditional first step for a young couple with plans for a baby) The places I watch in Surrey and Sussex, good houses near good schools still selling. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 24, 2021 Share Posted March 24, 2021 2 minutes ago, PeanutButter said: London's a big area. Maybe people making statements that houses in London aren't selling could narrow it down?  Yeah, London. Quote Large houses with gardens near excellent schools are selling from what I can see in S London. Friend of mine is trying to sell a "Large house with gardens near excellent schools" in Wimbledon....no viewings. £1.9M for a house is probably the issue stopping people buying when they've cant sell their £50K flat to someone for £800,000 Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 24, 2021 Share Posted March 24, 2021 27 minutes ago, voy-por said: London flats. Pulled out of sale for a very competitively sought EC flat on eve of lockdown last March (went to sealed), flat relisted straight after, still not sold to this day. No issues with cladding and decent fees. This is the case for many other flats in my favoured history from around that period - they're just not moving. As soon as the cladding debacle is resolved, and these flats flood the market, the crash will begin. The cynic might even say this is the real reason they're dragging their heels to resolve it.. What we are seeing right now in London is a not seen before dynamic. But it has all the hallmarks of a late stage panic. Rich kids skipping a rung and jumping straight in with silly offers on a limited supply of Z2/Z3 houses. However, there is only so many of these idiots. Most folk don't have that sort of cash. And the first steppers, who would ordinarily be relied on to use their capital gains to step up, are trapped in flats waiting patiently until they can sell. When they do, they'll be lucky to their capital back let alone make gains. It will spiral from there. Property Lion has shown number of listings in london went up sharply and did not fall, like most of the country. Rents are in free fall and people are leaving the city. The massively over priced flats are at the bottom of the pyramid/chains and without them there is no real housing market. It's probably when the criminals in Westminster are trying to get HKers to come. Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted March 24, 2021 Share Posted March 24, 2021 1 minute ago, TheCountOfNowhere said: Yeah, London. Friend of mine is trying to sell a "Large house with gardens near excellent schools" in Wimbledon....no viewings. £1.9M for a house is probably the issue stopping people buying when they've cant sell their £50K flat to someone for £800,000 So it's overpriced. That's on them for being greedy.  Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 24, 2021 Share Posted March 24, 2021 Just now, PeanutButter said: So it's overpriced. That's on them for being greedy.  No, it's priced in line with all the other crap that's up for sale for £2M, which is about 60x the local average wage No one wants to admit, what we have here is a massive speculative bubble supported by corrupt politicians who are up to their necks in the bubble either directly or by proxy. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 24, 2021 Share Posted March 24, 2021 https://www.rightmove.co.uk/properties/103004477#/  Somerset Road, Wimbledon, London, SW19  See map  Guide Price £1,900,000   It's much nice that this crap.  These are the sorts of sales that are enabling people to move to Milton leynes and paid £1M for a crappy 4 bed house.  When the London bubble collapses everything else collapses.   Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted March 24, 2021 Share Posted March 24, 2021 26 Feb listed - under offer https://www.rightmove.co.uk/properties/89368237#/ 8 Feb listed - under offer https://www.rightmove.co.uk/properties/88915081#/ 25 Feb listed - under offer https://www.rightmove.co.uk/properties/89529151#/ 23 Mar listed - under offer £3 million asking https://www.rightmove.co.uk/properties/79035882#/ 6 Jan listed - under offer https://www.rightmove.co.uk/properties/101750453#/   But yeah, nothing is selling  Quote Link to comment Share on other sites More sharing options...
Freki Posted March 24, 2021 Share Posted March 24, 2021 Watch out, you will be considered a troll by the count soon if you don't follow blindly is narrative Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted March 24, 2021 Share Posted March 24, 2021 11 minutes ago, Freki said: Watch out, you will be considered a troll by the count soon if you don't follow blindly is narrative He's partly right though. Where London leads, the rest follows. I can see the market diverging - solid upper middle areas doing v well (these people have not lost their livelihoods) while gentrification recedes in the grittier hoods. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 24, 2021 Share Posted March 24, 2021 Wa 27 minutes ago, PeanutButter said: 26 Feb listed - under offer https://www.rightmove.co.uk/properties/89368237#/ 8 Feb listed - under offer https://www.rightmove.co.uk/properties/88915081#/ 25 Feb listed - under offer https://www.rightmove.co.uk/properties/89529151#/ 23 Mar listed - under offer £3 million asking https://www.rightmove.co.uk/properties/79035882#/ 6 Jan listed - under offer https://www.rightmove.co.uk/properties/101750453#/   But yeah, nothing is selling  Under offer and selling, yeah, good luck with them, let us know when they appear on the land registry.  Quote Link to comment Share on other sites More sharing options...
Pebbles Posted March 24, 2021 Share Posted March 24, 2021 2 minutes ago, TheCountOfNowhere said: Wa Under offer and selling, yeah, good luck with them, let us know when they appear on the land registry. Â Come on that is an easy ruse and has bee tried here many times. People say wait until it appears on the land registry then complain it is out of date and the market has moved down since then. Â Round my way houses are still selling in days (including new builds built on someones back garden) and when i mean selling i mean people moving in and appearing on the land registry. And many of these are BTL (i dont see any type of impact of S24 yet), and appear on the letting sites immediately. Quote Link to comment Share on other sites More sharing options...
KieranE Posted March 24, 2021 Share Posted March 24, 2021 Unfortunately - like it or not - family homes with gardens where I am in outer west london (brentford/northfields/isleworth) do seem to be selling quickly and often at prices higher than 2 years ago. Recent examples of the sort of properties I mean: https://www.rightmove.co.uk/properties/83733064#/ https://www.rightmove.co.uk/properties/102208586#/ https://www.rightmove.co.uk/properties/74550774#/ Possibly some will fall through but plenty do seem to be showing up on the land registry at houseprices.io. True though that flats are not shifting! Â Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted March 24, 2021 Share Posted March 24, 2021 34 minutes ago, TheCountOfNowhere said: Wa Under offer and selling, yeah, good luck with them, let us know when they appear on the land registry.  I can't be a$$ed  Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 24, 2021 Share Posted March 24, 2021 19 minutes ago, PeanutButter said: I can't be a$$ed  I can. Come back when they're on the land registry. Ta. Till then these are kit flyers say in a chain of kite flyers. Quote Link to comment Share on other sites More sharing options...
KieranE Posted March 24, 2021 Share Posted March 24, 2021 27 minutes ago, KieranE said: Unfortunately - like it or not - family homes with gardens where I am in outer west london (brentford/northfields/isleworth) do seem to be selling quickly and often at prices higher than 2 years ago. Recent examples of the sort of properties I mean: https://www.rightmove.co.uk/properties/83733064#/ https://www.rightmove.co.uk/properties/102208586#/ https://www.rightmove.co.uk/properties/74550774#/ Possibly some will fall through but plenty do seem to be showing up on the land registry at houseprices.io. True though that flats are not shifting! Â OK, I checked. Of the 60 houses sold in Brentford in Sep-Dec 2020, 59 of them are green (real terms increase) on https://houseprices.io/?q=brentford . Quote Link to comment Share on other sites More sharing options...
Badhairday Posted March 24, 2021 Share Posted March 24, 2021 1 hour ago, PeanutButter said: London's a big area. Maybe people making statements that houses in London aren't selling could narrow it down? Large houses with gardens near excellent schools are selling from what I can see in S London. 1 or 3 bed flats with no garden are slower, dropping. 2 beds with gardens still selling (I think this is because they are the traditional first step for a young couple with plans for a baby) The places I watch in Surrey and Sussex, good houses near good schools still selling. I'm watching 4/5 bedroom houses in London, E14, Canary Wharf area. I don't see any sales.... Quote Link to comment Share on other sites More sharing options...
crescent Posted March 24, 2021 Share Posted March 24, 2021 On 3/23/2021 at 11:55 AM, Si1 said: As per title. what kind of stuff is falling or sticking? Location, type? Flats in London Flats that need a ews1 form and do not have one Quote Link to comment Share on other sites More sharing options...
crescent Posted March 24, 2021 Share Posted March 24, 2021 50 minutes ago, PeanutButter said: I can't be a$$ed  Same I do not have the time either 1 hour ago, Freki said: Watch out, you will be considered a troll by the count soon if you don't follow blindly is narrative LOL many a true word........... 2 hours ago, TheCountOfNowhere said: Rents are in free fall and people are leaving the city. I have heard exactly that 2 hours ago, TheCountOfNowhere said: Friend of mine is trying to sell a "Large house with gardens near excellent schools" in Wimbledon....no viewings. It may just be overpriced. One person is not the whole market. I know 2 people who have sold at in excess of 1M in Chiswick in the last 3 weeks. Quote Link to comment Share on other sites More sharing options...
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