A true story..........

Generali

Thrugelmir wrote: »

What relevance does this have to the OP's comments? My reading of the post was that property is selling in a matter of weeks due to high demand.

One property. Three foreign buyers. Statistical probability of this occurence?

Why no interest from the "locals" ?

A huge proportion of people that live in London were born outside London. To my mind it makes little difference whether they are from Warsaw or Walsall.

A foreign buyer to me would be someone that lives abroad.

StevieJ

Generali wrote: »

A huge proportion of people that live in London were born outside London. To my mind it makes little difference whether they are from Warsaw or Walsall.

A foreign buyer to me would be someone that lives abroad.

True but the inference is a foreign buyer with plenty of cash.

chucky

StevieJ wrote: »

True but the inference is a foreign buyer with plenty of cash.

it obviously means that property in the UK is cheap compared to foreign countries...

and so it begins...

StevieJ

chucky wrote: »

it obviously means that property in the UK is cheap compared to foreign countries...

and so it begins...

Less so than when the sterling/euro was heading for parity.

carolt

chucky wrote: »

there are 294 2-bed properties are on Rightmove for Ealing
http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION%5E87504&sortByPriceDescending=false&maxPrice=300000&minBedrooms=2&maxBedrooms=2&retirement=false&includeSSTC=true&_includeSSTC=on

and 24 within half a mile from Ealing Broadway but i'd rather live closer to Ealing Common...
http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=STATION%5E3023&sortByPriceDescending=false&maxPrice=300000&minBedrooms=2&maxBedrooms=2&retirement=false&radius=0.5&includeSSTC=true&_includeSSTC=on

Fascinating, but not clear how this is relevant to my point? - ie that 295K is fantastically cheap for a house in Ealing (esp one large enough to be divided into 2 flats).

Sibley

Ok so Ealing is West London. It's not where I live. My mate owns one of the halves thats why it's 295K. It's not the whole house.

All I meant was that this place is horrendously expensive and sold easy. Surely if we were in HPC mode it wouldn't have sold or he would have been offered 10k from one of you lot.

I think sellers are sticking an extra 10% on asking prices to deal with buyers looking for a bargain. Get 20% off a 30% marked up house. Nice one.

Jowo_2

shortchanged wrote: »

Where I live a huge proportion of the houses are now being marketed as NO CHAIN. This indicates to me that they are mainly looking to cash buyers, because many of these houses are out of the price range of most 1st time buyers.

Chain free is a positive thing from the perspective of the buyer of the property - it means that the current owner isn't in a chain so there is no dependency on them to secure an onward property so no hold up in them giving the new buyer vacant possession.

It doesn't mean they are only looking for cash buyers, those that themselves are not in a chain.

But yes, some properties are out of the price range of 1st time buyers and its only those who can bring the benefits of existing property equity with them who can afford them, like its always been.

chucky

Sibley wrote: »

Ok so Ealing is West London. It's not where I live. My mate owns one of the halves thats why it's 295K. It's not the whole house.

All I meant was that this place is horrendously expensive and sold easy. Surely if we were in HPC mode it wouldn't have sold or he would have been offered 10k from one of you lot.

I think sellers are sticking an extra 10% on asking prices to deal with buyers looking for a bargain. Get 20% off a 30% marked up house. Nice one.

you forget that West London is a popular place to live and not the best of examples - pick Wigan and it might not sell as easily

ps. apologies to anyone from Wigan

Thrugelmir

Sibley wrote: »

All I meant was that this place is horrendously expensive and sold easy. Surely if we were in HPC mode it wouldn't have sold or he would have been offered 10k from one of you lot.

What is expensive to one person may not be to another.

As has been said earlier the area is desirable for commuting into Central London.

Dirk_Rambo

Sibley wrote: »

So, explain the Ealing phenomena please?

.

sibeley behave plz. remember what heppened when you posted this sort of thing on hpcrash.co.uk. yes, and we dont want that to happen again do we

ps. im really delighted that your enjoying your new home so much