Properties with the biggest drops in prices

ukcarper

Nonshy wrote: »

First time buyers have next to no chance in London. Foreign investment is buying up anything and everything.... i don't know why the government don't introduce a tax on this?

I suppose it depends what they earn but it's been a long time since anybody on national average wage could buy in London.

dekoder

ukcarper wrote: »

I suppose it depends what they earn but it's been a long time since anybody on national average wage could buy in London.

My wife and I are on national average and we've bought a 2 bed house in zone 3 beginning of this year, below 250k. Doable

ukcarper

dekoder wrote: »

My wife and I are on national average and we've bought a 2 bed house in zone 3 beginning of this year, below 250k. Doable

I'm happy to be proved wrong.

lisyloo

My wife and I are on national average and we've bought a 2 bed house in zone 3 beginning of this year, below 250k. Doable

Is it doable if you want children?
I know not everyone does, but the majority do.

dekoder

lisyloo wrote: »

Is it doable if you want children?
I know not everyone does, but the majority do.

We've got a lovely baby girl, almost year old now:)

Bubble_and_Squeak

Nonshy wrote: »

First time buyers have next to no chance in London. Foreign investment is buying up anything and everything.... i don't know why the government don't introduce a tax on this?

capital gains tax coming in april

Bubble_and_Squeak

heres a nice drop
http://www.rightmove.co.uk/property-for-sale/property-30758658.html
originally £400k
but didn't sell
so they've messed about with price ranges and price changes and guess what? didn't sell
its currently cheaper than the previous one on the street sold for
but that one had a shed in the back garden which makes up the difference

wotsthat

Bubble_and_Squeak wrote: »

heres a nice drop
http://www.rightmove.co.uk/property-for-sale/property-30758658.html
originally £400k
but didn't sell
so they've messed about with price ranges and price changes and guess what? didn't sell
its currently cheaper than the previous one on the street sold for
but that one had a shed in the back garden which makes up the difference

It's number 8 and up for £325k and, yes, number 7 went for £405k in May. However number 3 went for £250k at the end of March. By your methodology prices in London are down £80k since May or up £75k since end March. Neither are valid conclusions.

Bubble_and_Squeak

wotsthat wrote: »

It's number 8 and up for £325k and, yes, number 7 went for £405k in May. However number 3 went for £250k at the end of March. By your methodology prices in London are down £80k since May or up £75k since end March. Neither are valid conclusions.

at that price in a walthamstow bubble number 3 is probably a parents handmedown on the cheap
unlike number 63
anyroad, this is a price drop thread

wotsthat

Bubble_and_Squeak wrote: »

at that price in a walthamstow bubble number 3 is probably a parents handmedown on the cheap
unlike number 63
anyroad, this is a price drop thread

You've started with your desired conclusion (prices are crashing) and asking prices going down proves this. However asking prices going up proves the house was a gift in the first place so prices must be crashing.

The methodology is ridiculous to start with but don't you see any flaws in how you're interpreting the data?