Wednesday, Mar 18, 2015

Property bubble finally bursting?

Home.co.uk: Central london property bubble burst

Boom Began in london so will the crash?....foxtons also laying off workers...this one will be a big one
I'm with little the government can do

Posted by taffee @ 12:01 PM (9402 views)
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10 Comments

1. a saver said...

Good find, taffee, thanks for posting!

Wednesday, March 18, 2015 01:11PM Report Comment
 

2. debtserf said...

"Now many home buyers and investors are paying the price for their overenthusiasm."

**** 'em. Quite frankly.

15% in Walworth is a pretty stunning, but still a long way to go to return to some semblance of sanity.

Watch for the Tory spin machine to go full retard on this. And just before the election too.

Wednesday, March 18, 2015 01:21PM Report Comment
 

3. khards said...

I am sure prices will fall 50% in most areas of shitholeuponthames

Wednesday, March 18, 2015 06:52PM Report Comment
 

4. cuddlybear said...

Hate to say these figures are really not that reliable as this is another Rightmovesque non-mix-adjusted asking price index.

Wednesday, March 18, 2015 10:17PM Report Comment
 

5. hpwatcher said...

We will know for sure in October.

I saw a house last Saturday for £395,000 - the price dropped to £375,000 on Monday.

Thursday, March 19, 2015 06:56AM Report Comment
 

6. jack c said...

The mortgage market continued its slump in February with lending down an estimated 9 per cent year-on-year, according to the Council of Mortgage Lenders. Lenders advanced £14.8bn to borrowers in last month, which was also 9 per cent down on January.

Source - www.mortgagestrategy.co.uk

Neil Woodford has called for a “dose of reality” on the Chancellor’s claims of a £7bn surplus by the end of the next parliament, and sees a more realistic scenario of a hole of over £120bn in the UK’s public finances.

Source www.portfolio-adviser.com

Thursday, March 19, 2015 12:24PM Report Comment
 

7. taffee said...

Bearing in mind GDP these days includes prostitution drug dealing and goodness knows what else...How
Can they be good barometers.

Just as inflation used to be calculated as the cost of basic living..it now includes around 650 items most of which
Are discretionary..perhaps these judges are one of the reasons credit crunch happened and will happen again

Thursday, March 19, 2015 12:38PM Report Comment
 

8. jack c said...

Taff @ Thursday, March 19, 2015 12:38PM all of which adds weight to HPW's long running argument that its a phoney economy with a phoney recovery.

Thursday, March 19, 2015 12:45PM Report Comment
 

9. taffee said...

Agreed...even bulls on tv admit the elusive productivity growth is missing

Well that's a prerequisite for a recovery and despite all that's been thrown at it by hmg and boe

This shows that qe and near zero rates end in mis allocation of capital and mis pricing of assets

Thursday, March 19, 2015 01:34PM Report Comment
 

10. cyril said...

This is rather old news (although I wish it was true). The press release is date 5th Feb
Most of the 'news' on home.co.uk is a complete load of drivel. Today's big story is a survey of confidence in UK house prices - which improved in March, according to Knight Frank.
Apparently 1 in 5 households surveyed across the UK said that the value of their home had risen over the last month. How would anyone know if the value of their house has risen over a period of a month? Bizarre.

Monday, March 23, 2015 02:10PM Report Comment
 

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