Jump to content
House Price Crash Forum

Recommended Posts

  • Replies 3.1k
  • Created
  • Last Reply

Top Posters In This Topic

Have posted this on another thread, but thought it is also appropriate for here.

Homelessness remains a significant problem in Brighton & Hove. High property prices and and low average income have resulted in high levels of homelessness, and demand for affordable homes in the city far exceeds supply.

and

Historically, Brighton & Hove has a large rough sleeper problem.

From:

http://www.brighton-hove.gov.uk/index.cfm?request=c306

Link to post
Share on other sites

Any updates on Brighton/Hove peeps? I`ve seen more reductions at the Fox & Sons near me..the place looks desolate, with juvenile,spikey haired EAs hanging around outside chain smoking...I couldn`t risk stopping for a better look at the prices, in case they pounced on me & dragged me inside..

Link to post
Share on other sites

Thought I would make it three in a row keep the South Coast up or at least until Doccy Boy signs in. I noticed on another thread someone said that while they are driving around their head is swivelling around like that girl from the excorsist looking at the FOR SALE signs, well I am like that too. Noticed the glass pavillion 50% SOLD. I thought the whole lot had gone ages ago. They must have been on the market well over a year now and there is that horrible new build corner of Edward Street, don't think a lot of that sold either.

Link to post
Share on other sites
Thought I would make it three in a row keep the South Coast up or at least until Doccy Boy signs in. I noticed on another thread someone said that while they are driving around their head is swivelling around like that girl from the excorsist looking at the FOR SALE signs, well I am like that too. Noticed the glass pavillion 50% SOLD. I thought the whole lot had gone ages ago. They must have been on the market well over a year now and there is that horrible new build corner of Edward Street, don't think a lot of that sold either.

I am sure I remember seeing a sign for only 2 remaining for the glass pavillion.

Link to post
Share on other sites
Austin Gray auction at Hove Town Hall 11th October.

Twelve lots appear in the catalogue, but on the day only lots 1, 4, 5, 7, 9, 11 were offered.

Guide price for Lot 9 was £220-£230,000 but it actually sold for £249,500 :o

Results can be found here:

http://www.austingray.co.uk/austingray/auc...on85Results.pdf

I've said this on another thread but the last auction May 07 I attended looked like amateur BLT's with builder in tow. More Fox & Son agents than punters and no major players only one who popped in and out, very unlike ten years ago.

Link to post
Share on other sites
Austin Gray auction at Hove Town Hall 11th October.

Twelve lots appear in the catalogue, but on the day only lots 1, 4, 5, 7, 9, 11 were offered.

Guide price for Lot 9 was £220-£230,000 but it actually sold for £249,500 :o

Results can be found here:

http://www.austingray.co.uk/austingray/auc...on85Results.pdf

Lot 9 changed hands in 04/07 for 200k

http://www.mouseprice.co.uk/Search_Propert...reet=&Town=

Lot 1 went for a decent price although we don`t know how it compares to properties that sold on the street in 03/07

http://www.mouseprice.com/Search_Results.a...&image.y=12

Lot 7 does not seem to have faired too badly either

http://www.mouseprice.com/Search_Results.a...amp;image.y=16..

HPC cancelled in B&H then....

Link to post
Share on other sites
Lot 9 changed hands in 04/07 for 200k

http://www.mouseprice.co.uk/Search_Propert...reet=&Town=

Lot 1 went for a decent price although we don`t know how it compares to properties that sold on the street in 03/07

http://www.mouseprice.com/Search_Results.a...&image.y=12

Lot 7 does not seem to have faired too badly either

http://www.mouseprice.com/Search_Results.a...amp;image.y=16..

HPC cancelled in B&H then....

Nice research but the major players are not buying, if Hoogstraten is offloading then that should say something.
Link to post
Share on other sites
Nice research but the major players are not buying, if Hoogstraten is offloading then that should say something.

Hoogstraten may be offloading but there are enough suckers buying them off him..I am convinced prices would drop eventually but looks like HPI is going to die a slow lingering death..

Link to post
Share on other sites
Hoogstraten may be offloading but there are enough suckers buying them off him..I am convinced prices would drop eventually but looks like HPI is going to die a slow lingering death..

Hang on in there. Student properties are lying empty. Property is not moving especially at the top end. They haven't got past the denial stage yet. This I hope is just the beginning, we wont know until April/May 08 which way it will go.

Link to post
Share on other sites

Brighton is still quite busy with Mum and Dads buying a house for son/daughter attending university. This concept became popular about three/four years ago and is a winner whilst Son/Daughter attend University and a year or two afterwards if son/daughter remain in area. This is because son/daughter can get friends to live in said house and pay Mummy and Daddys interest payments.

The shit hits the fan when Mummy and Daddy have to go to a local lettings agency and stand in line with the thousands of other BTL landlords. All of a sudden there are no emotional ties to the area and voids are costing Mummy and Daddy £1000pcm. Mummy and Daddy manage to find some tenants but it is Sid Snot and his punk band "The [email protected]". A year later Mummy and Daddy find that the little student house is completely wrecked and not only do they now have to spend £2k doing it up and refurbishing they also hit more voids and miss the start of the student season. Daddy is very angry because he is told by the EA that his house has reverted in value back to what he paid for it but he has also lost a good £10k. Daddy immediately puts it on the market but realises all the other daddies are doing the same and their are no more daddies willing to buy :(

On top of this add the dumb "young professionals" heading down from London with the equity from their studio in Hackney now looking for a new life by the seaside and you have the reason for the legs in the Brighton market. It is a market built on hot air and will collapse so quickly it will be breathtaking. The amount of property in Brighton that isnt a "family home" is phenomenal and should times get hard which is a certainty IMO then the amount of desperate sellers combined with lack of buyers will mean prices halved in B&H if not more within literally a couple of years.

In the meantime rent is at a record low so sit back and enjoy, perhaps even send a letter to your LL asking for further reductions (Threaten to leave and watch him squirm in fear). Patience is a virtue.

Link to post
Share on other sites

Here is one of those "Mummy and Daddy" properties. I viewed this back in April. It is basically a sh!t hole. The front room being divided up to form another bedroom.

Was on for £250,000......dropped to £239.950...Sold......came back to market..£239,950 for a while, dropped to 237,000 for ages this week dropped to £231,950.

Hopefully should be worth £125,000 in about three years time.

Link to post
Share on other sites
Thank god Brighton wasn't mentioned in Krusty and Phil's top 20 best places to live tonight on c4...

It's thought that Brighton coming 4th last year was a big factor in the masses (incl daddies) driving prices up to mad mad mad levels...

Poor old Edinburgh! (#1) - Gulp! :blink:

I thought the same, then I looked at web page and Brighton wasn't mentioned the last two years. I think we are getting it mixed up with another off shoot 10 top places to buy. God help us. Start hanging the washing out in the front garden, I'd drag the sofa out too but it's getting a bit parky, extra value cans of lager strewn all over garden will help. Any other ideas :lol:

Link to post
Share on other sites
I thought the same, then I looked at web page and Brighton wasn't mentioned the last two years. I think we are getting it mixed up with another off shoot 10 top places to buy. God help us. Start hanging the washing out in the front garden, I'd drag the sofa out too but it's getting a bit parky, extra value cans of lager strewn all over garden will help. Any other ideas :lol:

park a white Ford Transit on your driveway & hang the St Georges flag out of the front window???

Edited by thirdwave
Link to post
Share on other sites
I thought the same, then I looked at web page and Brighton wasn't mentioned the last two years. I think we are getting it mixed up with another off shoot 10 top places to buy. God help us. Start hanging the washing out in the front garden, I'd drag the sofa out too but it's getting a bit parky, extra value cans of lager strewn all over garden will help. Any other ideas :lol:

Yeah, i got them mixed up i must admit. It was Phil and Krusty's 2006 top places to INVEST program where brighton was #4! Still, same difference, same effect! ;) Don't think they would dare do a top places to invest property porn fest now would they!??

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.





×
×
  • 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.