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Finchley N12 - Agents Asking Much More Than Last Autumn

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Check out the achieved prices for Hutton Grove flats in London's N12 (North Finchley).

You'll see they're pretty much all well sub £200K for last year.

See http://www.nethouseprices.com/index.php?co...&incode=8DR

What would you expect this year? A fall in the asking price?

Well...

take a look at Rightmove - they're asking about £250K for similar flats....!

eg http://www.rightmove.co.uk/viewdetails-217...=2&tr_t=buy

Check out postcode N12 8DT and see for yourself. Not just the "elite" agents either.

So, what is going on? Even though the Land Reg prices are the achieved and the prices on RM are just the Asking, it still seems certain prices have RISEN by lots even since the credit crisis began etc etc.

Crash? What crash? In denial or on the increase, it's all rather odd.

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Seems impossible to compare to me.

You might be interested to note that the vendor of one of them in that street has the property up with an agent AND on Gumtree - go see for yourself - on Gumtree he wants £8K more !!

It's going up all the time!

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Means absolutely nothing until a sale is actually made at that price..

Sellers are either to stupid to grasp the bigger picture or deny the falling market applies to them.

There well may a be a buyer prepared to pay those sums but it would not be a wise move in the current market. (see above for stupid and unable to grasp the big picture)

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You might be interested to note that the vendor of one of them in that street has the property up with an agent AND on Gumtree - go see for yourself - on Gumtree he wants £8K more !!

It's going up all the time!

Hanging on for grim death comes to mind.......

N12 is only going up, up, up....here's the proof:

http://propertysnake.co.uk/site/postcode/n12

Gotcha :lol:

They are..foo .er...in trouble.

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Hanging on for grim death comes to mind.......

N12 is only going up, up, up....here's the proof:

http://propertysnake.co.uk/site/postcode/n12

Gotcha :lol:

They are..foo .er...in trouble.

No, it looks to me like some of the vendors have hiked them up hugely just to get a -% on Snake or wherever. There's no way that there's actual signs of prices coming down in the majority of places there.

In denial or no crash - at the moment anyway.

Looking at many of the Snake prices does nothing but show illusion.

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I'm not far away in N11 and prices are still mental here. A little bit of froth coming off the top of them but only off the top of utterly insane prices.

Not much selling admittedly, but no sinking realisation yet.

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I'm not far away in N11 and prices are still mental here. A little bit of froth coming off the top of them but only off the top of utterly insane prices.

Not much selling admittedly, but no sinking realisation yet.

Ah, thanks for posting, I was beginning to think I was imagining things!

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Ah, thanks for posting, I was beginning to think I was imagining things!

Nope, look at this. Bonkers! Not just that it's Foxtons either, another agent is listing it as offers in excess of that asking price . . . and they're trying to rent it out at £1250 a week!

Same development, similar layout, a couple of hundred square feet smaller than mine and lacking any outside space but in better condition, and 70% more than I paid for mine a year ago yesterday, before things really started getting ugly . . . absolutely insane.

Makes me feel better about buying when I did though, fingers crossed even with an overall downturn I've still bought well enough that I won't get completely ******ed.

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It will be another 12 months before you see widespread big discounts in London.

Sure some of the ex-LA places and similar dumps are dropping fast already but eveyone else is holding on to the dream that normal service will resume by the end of the year and this is just a blip.

By the end of the year we will have realisation and a whole bunch more distressed sellers.

Patience.

There are absolutely no fundamentals left to support the market except desperate optimism.

In 12 months time even that will be dead and gone.

Rent, be happy, live your life and be patient.

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Check out the achieved prices for Hutton Grove flats in London's N12 (North Finchley).

You'll see they're pretty much all well sub £200K for last year.

See http://www.nethouseprices.com/index.php?co...&incode=8DR

What would you expect this year? A fall in the asking price?

Well...

take a look at Rightmove - they're asking about £250K for similar flats....!

eg http://www.rightmove.co.uk/viewdetails-217...=2&tr_t=buy

Check out postcode N12 8DT and see for yourself. Not just the "elite" agents either.

So, what is going on? Even though the Land Reg prices are the achieved and the prices on RM are just the Asking, it still seems certain prices have RISEN by lots even since the credit crisis began etc etc.

Crash? What crash? In denial or on the increase, it's all rather odd.

Good Luck to the Vendors,... :lol:

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Nope, look at this. Bonkers! Not just that it's Foxtons either, another agent is listing it as offers in excess of that asking price . . . and they're trying to rent it out at £1250 a week!

Thanks again.

It will be another 12 months before you see widespread big discounts in London...

Rent, be happy, live your life and be patient.

I feel soothed already, there is a Zen-like masterfulness to your post!

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I have noticed that houses come on with ridicules asking prices. I think they do that so they can give you 20% and people think is a bargain :rolleyes:

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Nope, look at this. Bonkers! Not just that it's Foxtons either, another agent is listing it as offers in excess of that asking price . . . and they're trying to rent it out at £1250 a week!

Same development, similar layout, a couple of hundred square feet smaller than mine and lacking any outside space but in better condition, and 70% more than I paid for mine a year ago yesterday, before things really started getting ugly . . . absolutely insane.

Makes me feel better about buying when I did though, fingers crossed even with an overall downturn I've still bought well enough that I won't get completely ******ed.

That development used to be an old mental institution. Maybe the owners have been there a long time

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I have noticed that houses come on with ridicules asking prices. I think they do that so they can give you 20% and people think is a bargain :rolleyes:

Bingo.

Classic sales trick. But is it working? I think not.

BTW, Prices are falling quite nicely in neighbouring (and nicer) East Finchley.

I spoke with an EA in the area and he's desperate for volumes to return to normal - not prices, volumes.

He frankly doesn't care if prices tank, he just needs to make sales, but some vendors are still in denial and won't drop prices.

Edited by red

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He frankly doesn't care if prices tank, he just needs to make sales, but some vendors are still in denial and won't drop prices.

They greedy f***ers will care when they lose their jobs en masse from Q4 2008 to Q4 2009. The poor misguided muppets. Years and years of property porn has convinced the sheeple that if property prices decrease they will be poorer!!! :rolleyes:

Edited by SlumpmonkeyII

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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