Sunday, October 1, 2006

London still outperforming not-London

House Prices Rise by 0.4% in August - impact of recent interest rise yet to come

A lack of housing for sale is certainly playing a major role in sustaining the scale of growth in London with agent’s property listings falling over the last quarter. In contrast, the supply of housing for sale has continued to see above average growth in the regions where price rises are low. The Hometrack survey also highlights longer sales periods in the lower growth regions as well as buyers having to accept slightly larger than average discounts on asking prices.

Posted by uncle chris @ 09:46 PM (482 views)
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3 thoughts on “London still outperforming not-London

  • One of the graphs is % of asking price achieved. Looks really good as all the numbers are above 90% — but really this means that people who were selling for 200k may have had to knock off up to 14k off of their asking price.

    smoke and mirrors me thinks.

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  • Lots of apartments for sale at the top end of affordability (and bottom end of the market!) for FTB in the Shepherds Bush, Hammersmith, Holland Park area. Very few of them selling though, especially the apartments – the apartments that were for sale in August are the same ones in the windows now.

    Houses around the £500K-£1m mark seem to be shifting better, but not briskly as this article suggests.

    No shortage of properties at all though – I think this is VIs trying to shape public perceptions of the market.

    Blaming slow sales on lack of supply rather than lack of demand??! They need a starter lesson in GCSE economics, concentrating on supply and demand laws.

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  • Absolutely zero change in the North where I live. Good news indeed. Houses made absolutley no money this month here. The whole think seems skewed by what’s happening in Londonistan.

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