London market gone mad???????

kingkano

The only way you'd profit seemingly is selling up and moving out more. I live just on the edge of London Boroughs and even our flat we're selling is valued alot more than we expected.... (again shortage of decent 2 dbl bed flats, appeals to both BTL and FTB). But the market definitely has showed signs of slowing down a bit here.....

natwill_3

It would be good if it did slow down, no one is moving at the moment I don't think and to trade to a small 2 bed house is pie in the sky at the moment....

If I had the nerve I would STR but I haven't

lynzpower

natwill wrote: »

It would be good if it did slow down, no one is moving at the moment I don't think and to trade to a small 2 bed house is pie in the sky at the moment....

If I had the nerve I would STR but I haven't

you could easily get more than a 2 bed house, but not over your way, more over mine

not much point in that for you is there?

natwill_3

lynzpower wrote: »

you could easily get more than a 2 bed house, but not over your way, more over mine

not much point in that for you is there?

Lol...no not really, I shall just enjoy living here and put thoughts of str out of my head!!

whambamboo

It's not mad, it's insane. My friend is selling his 1-bed in Clapham, which TBH is a crime-ridden cesspit - it's not exactly Hampstead, although there are a few bars.

£190k 3.5 years ago. Now, £320k.

A third of a million quid for a poxy 1-bed flat in inner London.

For HALF that money you could get 3,000 square feet in Orlando

http://orlando.yahoo.idx.pruthepropertyplace.com/details.aspx?firstrecord=7&searchtype=2&propertytype=1%2c2&searchminprice=0&searchmaxprice=350000&searchbedrooms=-1&searchbathrooms=-1&sort=5&sortacdc=desc&miles=-1&searchgeo=Orlando%2c+FL

Property in this country is just a joke, people falling over each other to live in horrid little boxes. What happened to quality of life, the Americans certainly wouldn't put up with it. A poxy terrace in Moss Side

http://www.rightmove.co.uk/viewdetails-5717393.rsp?pa_n=1&tr_t=buy

or a 1900 sq ft detached in Denver, Colorado

http://yahoo.idx.prucolo.com/details.aspx?firstrecord=10&=&VIP=Yahoo!+IDX&searchminprice=0&searchmaxprice=200000&searchbedrooms=-1&searchbathrooms=-1&miles=-1&searchgeo=Denver%2c+CO&searchtype=2&propertytype=1%2c2&sort=5&sortacdc=desc

BobProperty

lynzpower wrote: »

god I wouldnt! Id flog it while there are muppets still wiling to pay it.

I notice you couldn't type that fast enough Lynz. :rotfl:

master_blaster_2

well if you askin is this happening anywhere else

th answer is YES


in belfast (and most of northern ireland) houses are goin up an average of 50% (just found this article http://www.belfasttelegraph.co.uk/homefinder/article2474920.ece )
whis has the top 10 places in the house price rise league all in northern ireland

it seem to be if your house only went up 50% that was a slow
i put a house on the market last year for £139k ... with one thing and another i didnt sell it then but i have just sold it for 247K 108K in about 10 months ... and i didnt spend a penny on it just left it sitting.... now that is mental

nollag2006

What part of Sheperds Bush are you in? In recent times, it's been an overflow for many who can't afford the surrounding areas. With all of the investment going into White City, and the Crossrail links to LHR and the City, a 25% rise in 12 months for a property where you've obviously done some improvement works seems entirely possible.

There was a good article in the Times yesterday, which supports the view of the one of their own columnists in the Sunday Times who was putting forward the view that the market is in two halves: the expensive areas will continue to pull away from the rest of the market, as City bonuses matter more than interest rates to such purchasers.

This has certainly been the case in the US, where premium addresses were still commanding higher prices in an otherwise falling market.

natwill_3

nollag2006 wrote: »

What part of Sheperds Bush are you in? In recent times, it's been an overflow for many who can't afford the surrounding areas. With all of the investment going into White City, and the Crossrail links to LHR and the City, a 25% rise in 12 months for a property where you've obviously done some improvement works seems entirely possible.

There was a good article in the Times yesterday, which supports the view of the one of their own columnists in the Sunday Times who was putting forward the view that the market is in two halves: the expensive areas will continue to pull away from the rest of the market, as City bonuses matter more than interest rates to such purchasers.

This has certainly been the case in the US, where premium addresses were still commanding higher prices in an otherwise falling market.

Hi,

Its Lime Grove, central for tubes and shopping but hardly desirable!!!! I wanted a large garden so was limited when I was looking!!

natwill_3

more realistic is the rent valuation i have just had, 300 per week

anyone buying now wouldn't even cover interest, I always thought weekly rent was the purchase price divided by a thousand roughly, makes my flat worth 300k..about right