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Debate House Prices
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London house prices already exceed 'peak' of 2007
amcluesent
Posts: 9,425 Forumite
House prices in a swathe of central London have now soared past the “peak” of summer 2007.
An analysis of sales of 4,000 houses and 5,500 flats across the “bonus belt” favoured by City and international buyers shows how values have recovered dramatically in the past year.
By December many houses were selling for record prices, having shot up by 51 per cent from their lowest point in February last year, the survey by agents John D Wood has found.
Earlier this month, a two-bedroom flat in Hammersmith Grove sold for £407,000 that had “only” fetched £373,000 in February 2007.
FACT - If you're out the property market now, you've left it too late... _pale_
An analysis of sales of 4,000 houses and 5,500 flats across the “bonus belt” favoured by City and international buyers shows how values have recovered dramatically in the past year.
By December many houses were selling for record prices, having shot up by 51 per cent from their lowest point in February last year, the survey by agents John D Wood has found.
Earlier this month, a two-bedroom flat in Hammersmith Grove sold for £407,000 that had “only” fetched £373,000 in February 2007.
FACT - If you're out the property market now, you've left it too late... _pale_
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Comments
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amcluesent wrote: »FACT - If you're out the property market now, you've left it too late... _pale_
Yeah, pull the other one! :rolleyes:
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the clock's ticking for the next crash0
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>the clock's ticking for the next crash<
And in the long-run, we're all dead.0 -
Nice to see the money the taxpayer gave to the banks is being put so such good use. Can't have those cityboys living in squalor can we?0
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£373k to £407k is 9.1% ... quite a long way from 50%
And we've no idea why it sold for £373k and why it sold for £407k... so you can't go picking one off randoms off the listing.0 -
Oh no! All the places I was looking!On average they are now three per cent above the highs seen in Mayfair, Knightsbridge, Belgravia, Pimlico, Chelsea, Kensington, Holland Park, Notting Hill and Regent's Park.0 -
London house prices already exceed 'peak' of 2007
Aberdeen prices now within 4% of peak, and higher than every month in 2007 except two.
A dead on cert to cross peak this year now.
There will be many more areas joining us in celebrating such good news this year as well.:beer:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »[/B]
Aberdeen prices now within 4% of peak, and higher than every month in 2007 except two.
A dead on cert to cross peak this year now.
There will be many more areas joining us in celebrating such good news this year as well.:beer:
Still sending recordings of your heartbeat to people with heart problems?0 -
If I had property allegedly worth 600k and earned 100k+ per annum, I wouldn't be on a hidden forum with around 30 active posters desperately trying to convince the rest of the world that house prices are rising.
I'd be enjoying life a little more.
Something smells fishy to me....0 -
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