London Has Peaked

lisyloo

when prices reach that point they will stop increasing and adjust to a level that people can buy

Permanently high plateau anyone? (PHP)

Bubble_and_Squeak

padington wrote: »

It's the homely horse I'm backing. Shared the tip three years ago. The Bears laughed at the idea. Can't help but remind now and again.

I predict (no black swan event permitting) for the next five years to be also rather good. Anywhere close to woodgreen tube. Stay away from pricey haringey, keep to the cheapside of Ally Pally.

well, i agree with you on that one.
this is currently where i'm renting but would never buy here even if i could because a 3 bed victorian terrace is just not worth £800,000+.
was looking at transactions in N4 and N8 the other day. only 16 and 14 respectively in october. average for both throughout 2014 was in the 40s. will be interesting to see how EAs react to such low volumes.

System

Bubble_and_Squeak wrote: »

was looking at transactions in N4 and N8 the other day. only 16 and 14 respectively in october.

Where are you pulling these numbers from?

wotsthat

Bubble_and_Squeak wrote: »

was looking at transactions in N4 and N8 the other day. only 16 and 14 respectively in october. average for both throughout 2014 was in the 40s. will be interesting to see how EAs react to such low volumes.

Land Reg have sales volumes up to and including August 2014. In the Haringey Council area the volumes for every month in 2014 are higher than the corresponding month in 2013.

Don't know about October but you can't either.

satchmeister

ukcarper wrote: »

This is what you seem to fail to understand that will not happen when prices reach that point they will stop increasing and adjust to a level that people can buy.

No prices will still increase, it just needs the taxpayer to step in to supply deposits, underwrite 20% of the purchase price and provide cheap mortgages ... the sort of things that George is doing.

ukcarper

satchmeister wrote: »

No prices will still increase, it just needs the taxpayer to step in to supply deposits, underwrite 20% of the purchase price and provide cheap mortgages ... the sort of things that George is doing.

In that case people will still be able to buy Help To Buy has had very little take up in London.

Crashy_Time

ukcarper wrote: »

This is what you seem to fail to understand that will not happen when prices reach that point they will stop increasing and adjust to a level that people can buy.

Crash you mean?

ukcarper

crashy_time wrote: »

crash you mean?

no. .

buglawton

Chanel 4 Monday (yesterday) evening.

The British Property Boom
http://www.channel4.com/programmes/dispatches

Noted that the pros who've done well out of London are now feeling it's past its prime and feel the need to take the search to the Midlands and the North.

boatman

Why exactly should I feel sorry for someone who buys a council flat for £100,000 in London and sells for £275,000.