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MSE News: House prices 'still uncertain', Halifax says

2

Comments

  • kurgyb
    kurgyb Posts: 31 Forumite
    Brit, agreed some rubbish parts of London may be cheaper but the areas which are decent to live wont. Commuter belt isn't bothered about the Olympics......work goes on.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    kurgyb wrote: »
    Brit, agreed some rubbish parts of London may be cheaper but the areas which are decent to live wont. Commuter belt isn't bothered about the Olympics......work goes on.

    kurgyb please tell me where the money is going to come from to support these prices. The suburbs are hurting, the foreign buyers will slow down. London is just one huge unsustainable bubble about to crash, people said it wouldn't crash the last few times and it did, why won't it crash this time after all it is at its most inflated.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • DELLBOY_2
    DELLBOY_2 Posts: 133 Forumite
    Loopgames wrote: »
    I reckon once the Olympics is out of the way we will see some dramatic falls in prices and rents too. Am trying to find a one bdrm flat to rent and prices have gone up in east London. From £650 to £800.
    (per month)
    How dramatic exactly, I don't know.


    600 in rayleigh essex empty at end of month
  • carslet
    carslet Posts: 360 Forumite
    brit1234 wrote: »
    I say they are going down. :dance:

    Average House price
    Halifax =     £159,883 :grin:
    Nationwide = £163,327
    Land Registry = £160,372

    The indexes are starting to break the magic £160k barrier.:)

    i say they are going down too, i do not think there will be any even small rises for the next couple of years, still a good 30% of falls to go yet
  • Loopgames
    Loopgames Posts: 805 Forumite
    DELLBOY wrote: »
    600 in rayleigh essex empty at end of month

    Lol, thx:D ... You really are a dell boy!

    Turns out a friend is going to let me her small flat available next week...
  • DELLBOY_2
    DELLBOY_2 Posts: 133 Forumite
    well i really couldnt resist it .....
  • zappahey
    zappahey Posts: 2,252 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Loopgames wrote: »
    It's called the law of averages....

    I'm also basing it on the feedback from the local agents who have mentioned it themselves that prices after the olympics in the east london area will be going down. Whether this happens due to the olympics being over or just a seasonal fluctuation will be seen soon enough.

    The key word in there is local. For the vast majority of the country, and most of London for that matter, the Olympics are utterly irrelevant in terms of house prices
    What goes around - comes around
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    zappahey wrote: »
    The key word in there is local. For the vast majority of the country, and most of London for that matter, the Olympics are utterly irrelevant in terms of house prices
    That's clearly nonsense. Rental prices have increased due to the Olympic effect. With rents rising so have house prices.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    chucky wrote: »
    That's clearly nonsense. Rental prices have increased due to the Olympic effect. With rents rising so have house prices.

    East London is going to suffer more from falling house prices and rents after the Olympics, more than any other part of London.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    brit1234 wrote: »
    East London is going to suffer more from falling house prices and rents after the Olympics, more than any other part of London.
    Ok then Mr Crystal Ball Fortune Teller, they may fall but I definitely won't be taking your word for it that house prices in London will drop after the Olympics only because I've seen your previous predictions and they've been completely wrong. Do I need to remind you of them?
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