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Dunno Why But . . .


tenroom
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The lack of supply around here is amazing. Theres agents in Putney that have no houses for sale at all, only lettings. The cheapest place in the window in one of the agents in Richmond is £850K! Richmonds expensive but not that expensive.

I cant see any major correction round here until there is increased supply even if other factors do change.

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estate agents around here aren't the slightest bit bothered. They're still short on sale instructions and they've still got buyers screaming for 2 and 3 bed flats as well as family homes. I think it's time to sell up . . .

What do you expect? they will always be short of property according to them, even in the depths of the housing slump in about 2009 they will "urgently require property just like yours - clients waiting"

Have a look at their inventories for a true picture, they are up about 25% in six months around here, and climbing every week

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The lack of supply around here is amazing. Theres agents in Putney that have no houses for sale at all, only lettings. The cheapest place in the window in one of the agents in Richmond is £850K! Richmonds expensive but not that expensive.

I cant see any major correction round here until there is increased supply even if other factors do change.

Absolute Nonsense.

There are plenty of flats for sale in Richmond around the £350k mark.

I have friends who bought 2 beds a year ago for £330k, I've since seen 2 apartments advertised for less under repossession orders.

Here's a 2 bed, 2 bath (1 en suite) with views on Richmond hill for £310k...

http://www.rightmove.co.uk/viewdetails-128...=4&tr_t=buy

Here's a 3 bedroom end of terrace with garden AND garage for £210k, well within one of the most expensive boroughs in the country (admittedly not the nicest part)

http://www.rightmove.co.uk/viewdetails-123...=6&tr_t=buy

Here's another 3 bed end of terrace for £295k

http://www.rightmove.co.uk/viewdetails-558...=1&tr_t=buy

Edited by BandWagon
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Absolute Nonsense.

There are plenty of flats for sale in Richmond around the £350k mark.

I have friends who bought 2 beds a year ago for £330k, I've since seen 2 apartments advertised for less under repossession orders.

Here's a 2 bed, 2 bath (1 en suite) with views on Richmond hill for £310k...

http://www.rightmove.co.uk/viewdetails-128...=4&tr_t=buy

Here's a 3 bedroom end of terrace with garden AND garage for £210k, well within one of the most expensive boroughs in the country (admittedly not the nicest part)

http://www.rightmove.co.uk/viewdetails-123...=6&tr_t=buy

Here's another 3 bed end of terrace for £295k

http://www.rightmove.co.uk/viewdetails-558...=1&tr_t=buy

I wrote: "The cheapest place in the window in one of the agents in Richmond is £850K! Richmonds expensive but not that expensive."

You know there is more than one agent in Richmond right?

and Ham is not Richmond. Not even close.

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I'm currently looking for a room to rent (with others), and the amount of rooms, where they want a lodger, coming onto the market is huge.

Oh well.

That's gonna be the next movement IMHO, lots of folk offering to rent out a room to pay 25% of their mortgage...could be a site in it www.rentoutaroomtopaymymortgage.com sorry that'd be www.rentoutaroomtopaymymortgageNOW.com :lol:

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That's gonna be the next movement IMHO, lots of folk offering to rent out a room to pay 25% of their mortgage.

Certainly was in the last crash. This is why claims that there will be a lack of rental properties in a crash is so ludicrous; anyone with a big mortgage who can rent out part of their house will be trying to do so.

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There was a property porn programme on More4 or E4 just now, woman was buying up properties to "do-up" (as the Ms Beeny put it) and sell on, but she held on to every single one of them as they were rocketing in value. One person, half a dozen or so houses, could this kind of practice account for a shortage nationwide? especially if those properties appear as lettings

If rate rises hit these people hard, you could have a flood of houses onto the market from relatively few people

Edited by Nick..
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