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dude wheres my house

Orders For New Builds Dried Up And Prices Stagnant

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Coming back from Ipswich to London Liverpool Street yesterday afternoon, all I saw was new build rabbit hutch after new build rabbit hutch being built all the way into London.

Supply is going to go through the roof, all IMHO. I've never seen anything quite like it in the 9 years I've been living here.

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Guest Cletus VanDamme

Even when I was a bull I believed new builds were toast.

Check out New River Village - remember where you heard it first!

http://www.housepricecrash.co.uk/forum/ind...c=38438&hl=

Prices there are absolutely nuts right now (400K for a 2-bed), but give it time ...

Bring on the new build price crash.

PS, Furby, where's your avatar from (and who is it)? style!

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How pi$$ed off would you be if you bought one of these 'luxury apartments' only to have the local authority bulk buy a load at cut-price and home people on council waiting lists in them?

Very!

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"In spite of the price freeze the average price per square foot rose 4 per cent after Bovis — like other new home-builders — shrank the average size of a house."

So prices are still going up per square foot.

Very few people ever ask what the price per sqft is for a house. I find it a useful way to judge under/overpricing in a normal market.

VMR.

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PS, Furby, where's your avatar from (and who is it)? style!

I'm extra pleased that, not only do we have a new sexy avatar, but Furby has kindly provided a link to the old one :D !

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Even when I was a bull I believed new builds were toast.

Check out New River Village - remember where you heard it first!

http://www.housepricecrash.co.uk/forum/ind...c=38438&hl=

Prices there are absolutely nuts right now (400K for a 2-bed), but give it time ...

Bring on the new build price crash.

PS, Furby, where's your avatar from (and who is it)? style!

Hi Cletus - avatar is from a random weblink - the girl is Ewa Sonnet - polish model / singer. Had to drop my previous one after some posters complained. I guess the flashing boobs in an open plan office could be a problem for some.

Interesting is the effect boobs have on the number of profile views you get. I had none until the previous avatar and then it shot through the roof. None when i reverted to the Gordon Gekko image and a whole new raft of new ones since the appearnce of the lovely Ewa.

Oh and buy the way you is a bad man for blowing up Lemanski.

F

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It is hard to conceal new builds that aren’t selling, a house that is already lived in is lived in until it is sold and can sit on the estate agents books until hell freezes over…

( I have had friends in Exeter who have had their nice bovis/barret/who ever box on the market since Christmas without even a sniff of interest..

We are all very used to seeing the empty rental properties all over the place…

But a new build estate, where the builders are loosing a fortune on an empty flat, but would still make a profit at half of today’s prices…

They do tend to stick out…

I lamented on here a couple of years ago on how I had managed to talk a £10,000 reduction on a flat which had already seen £20,000 worth of discounts on a price £10,000 less then the first phase had been selling for at peak…

New Builds have been camouflaging massive reductions for years, and when the market collapses and not much is selling they will ensure that their properties are the ones that do sell…

They are not sitting on a 100% IO mortgage, mewed up to some unrealistic figure that nothing has ever actually sold at…

They are looking at build costs of £20,000 build cost for a small flat and whatever the land costs… Past that…. All is profit, all is just Gravy…

When things get tough expect to see new build companies taking very few prisoners.

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Even when I was a bull I believed new builds were toast.

Check out New River Village - remember where you heard it first!

http://www.housepricecrash.co.uk/forum/ind...c=38438&hl=

Prices there are absolutely nuts right now (400K for a 2-bed), but give it time ...

Bring on the new build price crash.

PS, Furby, where's your avatar from (and who is it)? style!

Do you think that new-build houses in good locations are also toast?

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Guest Cletus VanDamme
Do you think that new-build houses in good locations are also toast?

Well, in general I would say that, if you look at new builds built over the past few years, that phrase is a bit of an oxymoron. On the other hand, if you can find some new builds in great locations then perhaps not.

New River Village could have been great, but it's on an ex-sewage works, right next to a big Hornsey estate, and is itself a very high density development. Those flats were overpriced at 270K a couple of years ago and they're even more so now at 400K.

As an aside, I can't believe how much prices in N8 have jumped over the past year. 2-bed conversions in Crouch End are now approaching 600K ( you could have got the whole house for that a few years back)

http://www.rightmove.co.uk/viewdetails-784...=1&tr_t=buy

The new builds are unbelievable

http://www.rightmove.co.uk/viewdetails-134...=1&tr_t=buy

Suddenly those 500K flats in the Barbican seem very good value indeed ...

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Well, in general I would say that, if you look at new builds built over the past few years, that phrase is a bit of an oxymoron. On the other hand, if you can find some new builds in great locations then perhaps not.

New River Village could have been great, but it's on an ex-sewage works, right next to a big Hornsey estate, and is itself a very high density development. Those flats were overpriced at 270K a couple of years ago and they're even more so now at 400K.

As an aside, I can't believe how much prices in N8 have jumped over the past year. 2-bed conversions in Crouch End are now approaching 600K ( you could have got the whole house for that a few years back)

http://www.rightmove.co.uk/viewdetails-784...=1&tr_t=buy

The new builds are unbelievable

http://www.rightmove.co.uk/viewdetails-134...=1&tr_t=buy

Suddenly those 500K flats in the Barbican seem very good value indeed ...

400000? ;) Don't think so.

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