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MSE News: House prices 'still uncertain', Halifax says
Comments
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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.0
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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
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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 month0 -
I say they are going down. :dance:
Average House price
Halifax = £159,883
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 yet0 -
well i really couldnt resist it .....0
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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 pricesWhat goes around - comes around0 -
That's clearly nonsense. Rental prices have increased due to the Olympic effect. With rents rising so have house prices.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 prices0 -
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
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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?East London is going to suffer more from falling house prices and rents after the Olympics, more than any other part of London.0
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