Monday, December 22, 2014

Central london market is dead

Londons most unpopular borough

Wouldn't bet against a Tokyo style collapse in prices but either way feels like something nasty is Going to happen and that's before rates rise

Posted by taffee @ 05:08 AM (7999 views)
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4 thoughts on “Central london market is dead

  • Highway To Hell says:

    Love the choice of words for the graph…”bubble size denotes average house price”. Of all the phrases to use 🙂

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  • London property could do with something nasty, TBH.

    I’ve heard from many people that there is a drought in mortgages.

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  • Enfield is moving up the charts there and has quietly sustained a good stable base, and we are not even yet on the Tube map, but we will be in May, when TFL takes over the Lea Valley Lines and sorts them out. Major changes there already are that Sunday services will double immediately. Yes sir, most stations get just two trains an hour and will go up to at least four and Edmonton Green, which benefits from two express trains per hour should go up from four to six per hour on a Sunday. Services will progressively improve therein.

    AND, you can still pick up a studio for just over £130k or a three bed house for around £250k, at least east of the A10. West of the A10 and you jump up a rung in the property ladder. 25mins to Liverpool St by rail and 10mins drive to the M25. Pretty ideal for young families. I very much doubt those prices will be low much longer than the summer. Incidentally, MOST properties in this area massively benefit from the stamp duty changes.

    Its going to be hot, with visible linkages to Hackney and the Victoria Line via Seven Sisters, though the area will struggle unless Crossrail 2 or four tracking of the Lea Valley line to Stansted is announced, but the government just approved a study into that, thank goodness:

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  • libertas, you become an EA all of a sudden ?

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