Rightmove October +2.8%, London records biggest ever indice rise at 6.5%

the_ash_and_the_oak

IveSeenTheLight wrote: »

If you are looking at Rental Yield maybe.
If you are believing in capital appreciation, London will always have the greater potential

Well this is pretty much the crux of it all. Opinion on future price direction. I'm unconvinced that capital appreciation is on the horizon for these flats (which is what marks me out as a bear I guess)

IveSeenTheLight

the_ash_and_the_oak wrote: »

Well this is pretty much the crux of it all. Opinion on future price direction. I'm unconvinced that capital appreciation is on the horizon for these flats (which is what marks me out as a bear I guess)

Time will tell and again it depends how far away your horizon is

the_ash_and_the_oak

well imo rises not really for the next 4 or 5 years (esp for flats!) and given that renting is cheaper than interest on a mortgage (and more unlikely to rise than prices) then thats pretty much how I lay it out for a good while

IveSeenTheLight

the_ash_and_the_oak wrote: »

well imo rises not really for the next 4 or 5 years (esp for flats!) and given that renting is cheaper than interest on a mortgage (and more unlikely to rise than prices) then thats pretty much how I lay it out for a good while

Possibly, however some sites (don't like zoopla myself) have shown they have risen in recent months and you never know if this trend will continue

http://www.zoopla.co.uk/property/23-st-mary-s-road/london/se15-2ea/21058023 up £7,255 (4.7%) in the last 6 months

http://www.zoopla.co.uk/property/25-harfield-gardens/grove-lane/london/se5-8db/20921130 up £3,367 (2.1%) in the last 6 months

http://www.zoopla.co.uk/property/20-dowson-close/london/se5-8as/20920652 up £3,629 (2.1%) in the last 6 months

http://www.zoopla.co.uk/property/34a-linden-grove/london/se15-3lf/21064665 up £6,105 (4.7%) in the last 6 months

http://www.zoopla.co.uk/property/31-kings-grove/london/se15-2ly/21059423 up £8,513 (4.7%) in the last 6 months

http://www.zoopla.co.uk/property/flat-46/brookstone-court/peckham-rye/london/se15-3uw/21067020 up £6,494 (4.7%) in the last 6 months

All of these bought recently.
Now comparing them, was it better for these owners to buy or rent in the last 6 months?

the_ash_and_the_oak

IveSeenTheLight wrote: »

Possibly, however some sites (don't like zoopla myself) have shown they have risen in recent months and you never know if this trend will continue

http://www.zoopla.co.uk/property/23-st-mary-s-road/london/se15-2ea/21058023 up £7,255 (4.7%) in the last 6 months

http://www.zoopla.co.uk/property/25-harfield-gardens/grove-lane/london/se5-8db/20921130 up £3,367 (2.1%) in the last 6 months

http://www.zoopla.co.uk/property/20-dowson-close/london/se5-8as/20920652 up £3,629 (2.1%) in the last 6 months

http://www.zoopla.co.uk/property/34a-linden-grove/london/se15-3lf/21064665 up £6,105 (4.7%) in the last 6 months

http://www.zoopla.co.uk/property/31-kings-grove/london/se15-2ly/21059423 up £8,513 (4.7%) in the last 6 months

http://www.zoopla.co.uk/property/flat-46/brookstone-court/peckham-rye/london/se15-3uw/21067020 up £6,494 (4.7%) in the last 6 months

All of these bought recently.
Now comparing them, was it better for these owners to buy or rent in the last 6 months?

I know there have been rises in 2009 - and if you think they will continue to rise then its a good bet to buy. But I don't!

Cleaver

Cleaver wrote: »

Part of me thinks this is all rather stupid. But then I also think we're going to put in an offer on a property tomorrow, so it would just be slightly hypocritical of me to criticise too heavily.

We offered at £10k (around 6%) under the asking price and they didn't get back to me after promising they would. I rang yesterday morning and they said that they had someone else interested, so we offered another 2k. They they rang back to say that they had had an asking price offer from a cash buyer and it was off the market.

Just so y'all know.

When those figures go up again next month, you can blame the cash buyer, not me...

lostinrates

Cleaver wrote: »

We offered at £10k (around 6%) under the asking price and they didn't get back to me after promising they would. I rang yesterday morning and they said that they had someone else interested, so we offered another 2k. They they rang back to say that they had had an asking price offer from a cash buyer and it was off the market.

Just so y'all know.

When those figures go up again next month, you can blame the cash buyer, not me...

I'm sorry to hear that.

Seen anything else?

Cleaver

lostinrates wrote: »

I'm sorry to hear that.

Seen anything else?

No big deal to be honest. It was a 'tick the box' house. It was perfectly fine, we would have been very happy there and it had everything we wanted. But it didn't really set our world on fire and there's plenty of others like it out there, so not really that bothered.

We have a few lined up, it's our new depressing hobby. Corner bath after corner bath after corner bath...

Afriend_2

Cleaver wrote: »

No big deal to be honest. It was a 'tick the box' house. It was perfectly fine, we would have been very happy there and it had everything we wanted. But it didn't really set our world on fire and there's plenty of others like it out there, so not really that bothered.

We have a few lined up, it's our new depressing hobby. Corner bath after corner bath after corner bath...

The quality of UK housing (in general) is poor.

*Disclaimer: have been drinking at a friends amateur dramatics production, and can't come up with anything intellectual to say. <insert no change there comment here>

Cleaver

Afriend wrote: »

The quality of UK housing (in general) is poor.

*Disclaimer: have been drinking at a friends amateur dramatics production, and can't come up with anything intellectual to say. <insert no change there comment here>

I think 'poor' is a good description.

A decade of houses shooting up in value anyway + no imagination = lots of awful, dull, bad houses.