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Debate House Prices
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Mortgage Lending Rising Again
Comments
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Asking prices are not selling prices. Asking prices always drop this time of year! Yet selling prices go up. The asking prices have definitely not dropped below previous selling prices. London asking prices are +0.85% MoM this month anyway.Bubble_and_Squeak wrote: »land registry is yesterdays data
look at prices TODAY0 -
If you think it feels like 2008 out there you must be living under a rock. Try hiring scaffolding right now, see how many cranes are up over London. All the signs are there. In 12 months time you will crying into your corn flakes remembering what you are reading now.
P.S - I have had a 5% payrise for the last 3 years running, plus 50% of salary bonus. Its not uncommon in my sector.
i didn't say anything about 2008
you made that up to shoot it down
yes, london is currently awash with overpriced newbuilds being bought up by foreign speculators. does that set any alarm bells ringing?0 -
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Awash suggests an excess of supply. This is far from the case. The number of properties required and the actual number built is not aligned. Previous, current and future lack of building are all going to push prices up further.Bubble_and_Squeak wrote: »i didn't say anything about 2008
you made that up to shoot it down
yes, london is currently awash with overpriced newbuilds being bought up by foreign speculators. does that set any alarm bells ringing?0 -
I live in Crystal Palace,and keep an eye on what goes on there and in Penge / South Norwood. Basically the edge of South East London where it meets the Kent / Surrey border (my place has a London Postcode, but I could be in either a Kent or Surrey one within a 30 min walk / 5 min drive). Like I say, it's been mad recently, as illustrated by the fact that my place was probably worth £160k at the beginning of last year, and a couple have sold recently at £250k ish. A couple of people have tried to list higher still, but def. a case of "market says no" where that's concerned, and they've sat for Months.
i've seen several similar occurrences in walthamstow
one house sold for £470k in may. on the same road at the last peak they were selling for £250k ish. the neighbours tried selling theirs for £500k. after several months and several price cuts it went STC at £400k0 -
Asking prices are not selling prices. Asking prices always drop this time of year! Yet selling prices go up. The asking prices have definitely not dropped below previous selling prices. London asking prices are +0.85% MoM this month anyway.
so now that houses are coming onto the market at lower asking prices than the previous one on the road sold for and are not selling do you think that come the end of the holiday season asking prices will shoot up?0 -
Awash suggests an excess of supply. This is far from the case. The number of properties required and the actual number built is not aligned. Previous, current and future lack of building are all going to push prices up further.
how do you explain the fact that supply in most london postcodes has steadily increased since april?0 -
They aren't coming on for less than previous sold prices. If two properties on the same street do that then there is a significant difference between them such as one have a very short lease, in that case they are not the same.Bubble_and_Squeak wrote: »so now that houses are coming onto the market at lower asking prices than the previous one on the road sold for and are not selling do you think that come the end of the holiday season asking prices will shoot up?0 -
It does this time of year. The demand also falls back over the summer too.Bubble_and_Squeak wrote: »how do you explain the fact that supply in most london postcodes has steadily increased since april?0 -
They aren't coming on for less than previous sold prices. If two properties on the same street do that then there is a significant difference between them such as one have a very short lease, in that case they are not the same.
i only look at freehold properties so length of lease is not an issue
possibly flats are increasing and houses are falling- that may be why we disagree on this
i doubt it though0
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