There's 185 'Millionaire Rows' in Britain!!!!! and London is STILL rising...

breadlinebetty

Report out today shows that there are 185 streets in Britain where the average house price is over £1Million!


http://www.dailymail.co.uk/news/article-2079572/Millionaires-Row-The-185-British-streets-average-home-1m-plus.html


Some of streets shown are beautiful!


Quote from the article (last paragraph):

Many of the world’s super-rich, including Britons, have concluded that London property is one of the best investments at a time of global economic uncertainty.

breadlinebetty

http://www.dailymail.co.uk/news/article-2079574/Soaring-London-properties-law-unto-average-prices-jump-10-cent-year.html



It seems everyone the world over wants to buy in London, hence the constant rise in London house prices.......:money:

dimbo61

Changes in Housing benefits and general downturn will start to effect even London.
Less demand from rich foreign buyers and BIG cuts in HB will start to reduce demand for big houses
But we shall wait and see

firsttimetom

What a non story, and very misleading thread title on your part (although I am sure you are aware of that). The article refers to 'prime property' - I doubt Roman Abramovich and his mates are on MSE reading this thread with a huge grin on their face.

In the real world, London house prices only managed a 0.3% annual rise according to the land registry, and with inflation at nearly 5%, that actually represents a DROP in London house prices.

The latest Land Registry report is here if you do want to have a read on it: http://www.landreg.gov.uk/upload/documents/HPI_Report_Oct_11_tr7lk6.pdf. I realise this is Octobers report, but as they are based on actual recorded sales, rather than a spokeman from a second rate website who only monitors asking prices, there is a bit of lag.

Novembers Land Registry report actually comes out tomorrow so I look forward to seeing you start a thread when it does.

DVardysShadow

One day, all the houses on rightmove will be over a million.

Isleman

DVardysShadow wrote: »

One day, all the houses on rightmove will be over a million.

.. and the average wage will be 200K ..because of the inflation :rotfl:
One loaf of bread £5 . That is a shocking thought !

DVardysShadow

Isleman wrote: »

.. and the average wage will be 200K ..because of the inflation :rotfl:
One loaf of bread £5 . That is a shocking thought !

And one day, son, all of this will be yours .....

googler

There's 185 in England and Wales, according to their map....

and a few in Scotland

http://www.scotsman.com/news/politics/scotland_s_costliest_street_revealed_1_2028298

DVardysShadow

googler wrote: »

There's 185 in England and Wales, according to their map....

I doubt there are any in Wales either.

hazyjo

Daily Mail...?

'nuff said.

Jx

brit1234

breadlinebetty wrote: »

It seems everyone the world over wants to buy in London, hence the constant rise in London house prices.......:money:

The above poster is actually Nollag2006, he has about 20 fake accounts to try and launch property propaganda. He is a buy to let landlord in Hounslow London and is concerned for falling house prices in the area. He has been made aware of the Land Registry showing house price falls in London and has also been aware that the foreign money propping the top end of the market has more than halved in the last 6 months.

If London prices continue to fall he could be in financial trouble, hence the spin.

Here is a list of his accounts here.

• CharlesPhillips
• DaisyWheel
• EdwardJenson
• HARSA
• Jack Johnson the acorn
• Saiorse
• SpudBeast
• Thermidor
• Tom Pickering
• breadlinebetty
• chucky
• ess0two
• gingermingerr
• missmoneywendy
• moneyinmypocket
• mrandmrswilliams
• nollag2006
• pennyfarthings
• pineapplefool
• rosebeergoggles
• sirin
• stevesmith2011
• sweetpee

I think the scale of house price falls nationally will dramatically increase as London produces bigger falls. Did anyone really think there would be an endless supply of foreign money coming in especially when new property taxes are being discussed?