Rightmove October - House Price resurgance gathers pace, London up MASSIVE 10%

Aberdeenangarse

Loughton_Monkey wrote: »

I googled him. This is what came up.

Isn't that a picture you took of your misses on holiday!

Gin and tonics all round!

chewmylegoff

setmefree2 wrote: »

The people living either side of me are old. Their houses suit the needs of old people. When they die/go into a home and their houses are sold the new buyers will be a family (the houses have large gardens) and they will spend a minimum of £100k to£200k doing a loft conversion, extension and general updating. I guarantee it. This spending of £100k to £200k will increase the value of their house - this is not house price inflation - this is a genuine change in the value of the houses because the houses themselves have changed. Real value has been added. This is happening all over London.

The London property market really isn't all about house price inflation. London really has and is changing.

Yes but why would this effect be any more significant in London than anywhere else? Do people in other cities and towns not renovate properties, build extensions or do loft conversions?

Wi88le

MrRee wrote: »

Come on .... I cannot believe anyone can live on £25,000! There's plenty of work not declared, plenty of earnings not listed, plenty of black market goings on .........

A young couple are going to be on £35,000 each, that's £70,000 x 3.5 multiple = £245,000 ...... £25,000 gift from Mum and Dad, £10,000 savings and you can quite easily see that it all adds up perfectly.

And in the real world....

Plenty of people on less than 25k, 35k is a very good wage in many parts of the country, other half only part time or not working as they are looking after the kids, no help from bomad, combined incomes won't always mean a mortgage of the same size as one person with an income the same size, still it's lucky interest rates are high to help them save up a deposit....