The Spring Bounce..... One for Graham.

FTBFun

AndyGuil wrote: »

I've added one more to that list. The focus of the international buyers is on the higher value properties. The high price increases do offset the falls of lower value properties but is mostly because the volume of trades is small and has enabled this. Also there is a free log in for the FT to view a limited number of pages per month.

That's great.

Now if you could actually provide some actual evidence of the "high price increases offset the falls of lower value properties" that would be helpful.

AndyGuil

FTBFun wrote: »

That's great.

Now if you could actually provide some actual evidence of the "high price increases offset the falls of lower value properties" that would be helpful.

http://www.thisislondon.co.uk/money/article-23920039-london-house-prices-surge-to-the-brink-of-an-all-time-high.do
http://www.hometrack.co.uk/commentary-and-analysis/house-price-survey/20100201.cfm
http://www.propertyenvy.co.uk/property-market/2011/04/27/surge-in-sales-of-multi-million-pound-london-homes
http://www.thisislondon.co.uk/money/article-23861153-house-prices-fall-as-shortage-of-buyers-hits-market.do

ILW

Please can someone explian to me why anybody would buy a house in the spring when according to all the data the same place could be bought cheaper in the Autumn?

FTBFun

AndyGuil wrote: »

http://www.thisislondon.co.uk/money/article-23920039-london-house-prices-surge-to-the-brink-of-an-all-time-high.do
http://www.hometrack.co.uk/commentary-and-analysis/house-price-survey/20100201.cfm
http://www.propertyenvy.co.uk/property-market/2011/04/27/surge-in-sales-of-multi-million-pound-london-homes
http://www.thisislondon.co.uk/money/article-23861153-house-prices-fall-as-shortage-of-buyers-hits-market.do

Quote in your first link:

The trend has also been seen far beyond the hot-spots of central London and the banker "bonus belt". The Land Registry figures show that prices in suburban Barnet are within one per cent of their peak, Southwark two per cent and Hounslow three per cent.
Peter Rollings, managing director of the Marsh & Parsons agency, said the long-term resilience of London's property market should never be under-
estimated. He added: "Our offices report that every region is having an incredibly strong start to the year."

Your second link is from February 2010.

Your third is talking about a surge in high value property sales (no reference to lower end ones).

Your fourth is nearly a year old and refers to the country as a whole.

You must have a relevant link somewhere surely?

AndyGuil

FTBFun wrote: »

Quote in your first link:



Your second link is from February 2010.

Your third is talking about a surge in high value property sales (no reference to lower end ones).

Your fourth is nearly a year old and refers to the country as a whole.

You must have a relevant link somewhere surely?

There are many articles out there. The London articles are specific for London. Date is not a real issue, anything from 2010 is can highlight the point. Mortgage approvals are down and people that purchase houses without large deposits have been immune to the bank issues. A surge in high vale properties is exceptional, a fall in other properties is already known and hardly headline news. Also the articles show clear falls in cheaper areas in London and the more expensive areas (Chelsea etc.) are increasing in price.

ILW

Are prices of "not so good" places in "not so good" parts of London falling?

AndyGuil

ILW wrote: »

Are prices of "not so good" places in "not so good" parts of London falling?

http://www.thisislondon.co.uk/money/article-23920039-london-house-prices-surge-to-the-brink-of-an-all-time-high.do
There is a table in this link that shows the house price changes in the areas. There are many decent areas in London that are also seeing falls. It is the most desirable areas with high property prices that are increasing in value.

ILW

AndyGuil wrote: »

http://www.thisislondon.co.uk/money/article-23920039-london-house-prices-surge-to-the-brink-of-an-all-time-high.do
There is a table in this link that shows the house price changes in the areas. There are many decent areas in London that are also seeing falls. It is the most desirable areas with high property prices that are increasing in value.

According to the table, only Camden and Kensington are positive. I got the impression that most of London was on the up.

AndyGuil

ILW wrote: »

According to the table, only Camden and Kensington are positive. I got the impression that most of London was on the up.

No, the overall London price is skewed by high price areas.

FTBFun

ILW wrote: »

According to the table, only Camden and Kensington are positive. I got the impression that most of London was on the up.

Actually that table is to peak in January 2008.

I don't think anyone would be mad enough to argue that property prices haven't taken a nosedive since then.