TheCountOfNowhere Posted April 20, 2021 Share Posted April 20, 2021 3 hours ago, voy-por said: Everything else is booming but the bottom rung in central London is shitting the bed. Badly. We are not seeing it in the numbers because nothing is transacting, even with huge ‘discounts’. I don’t know whether that portion of the market is enough to bring the whole thing down, probably not. But it will be interesting to see how it pans out when leaseholders start accepting the new reality because we could quite easily see >20pc falls. I've seen some stuff sat 12months SSTC Quote Link to comment Share on other sites More sharing options...
Martin_JD Posted April 20, 2021 Author Share Posted April 20, 2021 12 hours ago, TheCountOfNowhere said: They've fallen according to property lion and listings surged....no demand. Crash is happening now. The sheer desperation of the government and MSM is there to be seen. A crash is happening? You're are that we're in the middle of a boom right? Quote Link to comment Share on other sites More sharing options...
captainb Posted April 20, 2021 Share Posted April 20, 2021 1 hour ago, Martin_JD said: A crash is happening? You're are that we're in the middle of a boom right? You can't distinguish between what I want to happen and what is happening with some Quote Link to comment Share on other sites More sharing options...
Confusion of VIs Posted April 20, 2021 Share Posted April 20, 2021 15 hours ago, TheCountOfNowhere said: They've fallen according to property lion and listings surged....no demand. Crash is happening now. The sheer desperation of the government and MSM is there to be seen. There does seem to have been a sudden slowdown. Nearby five houses came onto the market in the last few weeks, none have yet gone STC. That's quite a change from even a couple of months ago where most houses were going STC within days. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted April 20, 2021 Share Posted April 20, 2021 Stop pricing housing in GBP terms. Quote Link to comment Share on other sites More sharing options...
longgone Posted April 20, 2021 Share Posted April 20, 2021 14 minutes ago, MonsieurCopperCrutch said: Stop pricing housing in GBP terms. indeed they are dropping in doge Quote Link to comment Share on other sites More sharing options...
satsuma Posted April 21, 2021 Share Posted April 21, 2021 Well thats the start then, just takes one noise in the mountain to bring the avalanche. The only questions is if a tree falls and there is nonne there to hear it does it make a noise? Quote Link to comment Share on other sites More sharing options...
Sprite Posted April 21, 2021 Share Posted April 21, 2021 It may be just me but I'm seeing more and more articles recently discussing house prices rises and the negative effect it's having on the younger generation. To be honest, I'm starting to think a correction won't even happen on a nationwide basis once furlough and government support ends. I think a lot of people on this forum are holding out for higher inflation and interest rates but I can't really see that happening either. Multi-generational mortgages like they have in Japan may soon start to be propped up here in some shape or form. Quote Link to comment Share on other sites More sharing options...
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