How far will prices fall in London?

wolfman

pickledpink wrote: »

As for suggesting it takes 50 minutes by train....:rotfl: It only takes 20 minutes by train to London Brtidge from PURLEY - and that's MUCH further out!

You've googled the wrong map, luv!:rotfl:

It takes me 30mins by tube to get to work from Clapham Common (zone 2), and I go to London Bridge. Even when I was in Putney, getting the fast train, to get to Waterloo took 30mins (including getting to the station, wating, getting the train etc...).

brit1234

Started to see individual 50% falls on some London properties. I predict a large amount of 50% drops by Christmas 2009 fueled by buy to let collapses.

50-60% falls in general at the bottom.

penguine

SGE1 wrote: »

London will lose jobs, but a lot of these will be in the financial services sector - traditionally people who have savings, and already own, but who won't get their home repossessed, and so won't add to the supply of homes.

Traditionally financial services employees might have had savings. But with savings rates much lower than they were historically, I wouldn't count on it now. Plus this house price bubble pushed prices up to ridiculous levels, so a lot of home owners are extremely overstretched, and therefore very vulnerable to any changes in their circumstances.

Plus the estimate was 2 million unemployed by Christmas, I believe. And the recession is just beginning.

pickledpink

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Quote:
Originally Posted by pickledpink
I was brought up in Dulwich Village and it always only took me 20 minutes to get into the West End.

I used to drive up to Denmark Hill, go straight ahead to Kennington and turn left towards Waterloo Bridge - 20 minutes top whack!

The Kennington end of Waterloo Bridge is hardly the West End! Traffic has got a lot slower in London than it used to be, and driving during the day (outside rush hour) from Dulwich Village to the West End would just not take 20 minutes.





Do you really live in London, NDG????

I'm beginning to doubt that too!

Traffic has got much, much faster in London sice the Congestion Charge was brought in!!!!!:rotfl: :rotfl: :rotfl:

Maybe you're a biker - but I drive through London regularly (and have done for many years) and traffic is MUCH faster han it used to be!

How can you come out with such a stupid statement???:eek:

And as for saying you cannot drive from North Dulwich to the West End in 20 minutes is total %oll%cks!! I've done it in 10 minutes!!

And as for saying one end of Waterloo Bridge is hardly the West End - actually, neither end are. But I can get down to Leicester Square from The Strand (north end of WB) in about 2 minutes - and I class that as the West End.

The more you say the less I believe you're real!:p

fc123

Conrad wrote: »

I'm not sure such a conclusion can be drawn. A lot of my clients are finding thier mortgage payments have fallen significantly recently. This coupled with reducing Tax and inflation rate, plus lower fuel prices could point to the bottoming out of the property market.

This interest rate cut has really changed everything for us...decisions made 4 weeks ago now seem not right.
Our mortgage is now 3.49%.....it's never been so low.

This whole crunch is so difficult to navigate through...things keep changing and the whole feeling of ''unsureness'' (I know that's not a word...I can't think of the right one) is really making things more complicated.

hethmar

I think the word is insecurity fc.

RDB

stevetodd wrote: »

I too am looking in North London, so far (from Aug 2007) prices have fallen about 18% in the particular area that I am looking. I will probably buy when they have fallen about another 12% (ish).

Then Steve how will you feel when they fall another 20% (making 50% drop) AFTER you bought?

fc123

hethmar wrote: »

I think the word is insecurity fc.

Thanks!
I know we never know what's around the corner STS, but, at least before, one could have an idea or a plan and put it into action plus, with a bit of rersearch, one could go forward with the decision made.

Prices in London are a bit skewed with all the Newbuild around too.

I also believe that the importance of the suburbs will be altered as working practises alter over the next decade.
There will always be offices and the need for teams to work and congregate in one place, but I have never known so many people who now run their businesses from their home....proper ones, not hobby ones.

wolfman

pickledpink wrote: »

Traffic has got much, much faster in London sice the Congestion Charge was brought in!!!!!:rotfl: :rotfl: :rotfl:

Maybe you're a biker - but I drive through London regularly (and have done for many years) and traffic is MUCH faster han it used to be!

How can you come out with such a stupid statement???:eek:

Hmmm I guess it all depends when. I'd like to see you do it in that time on a weekend night, or during rush hour.

And I don't think it was a stupid statement. I've personally found very little change. There are more buses, bus lanes, hybrid cars go free, etc... the traffic seems the same to me (at least going to work and coming home).

fc123

wolfman wrote: »

Hmmm I guess it all depends when. I'd like to see you do it in that time on a weekend night, or during rush hour.

And I don't think it was a stupid statement. I've personally found very little change. There are more buses, bus lanes, hybrid cars go free, etc... the traffic seems the same to me (at least going to work and coming home).

I regularly navigate the Blackwall tunnel, East India Dock Rd to Brick Lane.
It's always been terrible.
Now there are 2 lanes to filter to the tunnel going back, it's not so bad but, traffic in London has always been dire.

I only drive if I have to transport stock.

The tubes seem chocker....far busier than ever before tho'