London Has Peaked

Bubble_and_Squeak

ukcarper wrote: »

Less people sell this time of year we will have to see what happens in the new year. As I said I can see prices staying where they are or falling a bit but not the big crash some are hoping for.

i'm talking about figures for october
well down on the months before and significantly lower than october last year

Bubble_and_Squeak

ukcarper wrote: »

But as you have said people aren't out bidding each other now that madness seems to be over for now.

there are still bidding wars raging just outside london, although not as ferocious as the good times of spring
the problem with these wars is that there is no real money to back up the bid, only meme money

Crashy_Time

ukcarper wrote: »

But as you have said people aren't out bidding each other now that madness seems to be over for now.

He said people are trying to outbid each other with money they don`t have, that means someone doesn`t get to realise their "equity".

ukcarper

Bubble_and_Squeak wrote: »

i'm talking about figures for october
well down on the months before and significantly lower than october last year

There were massive increases earlier in the year and that couldn't carry on but that doesn't mean prices will fall back to 2013 levels.

Crashy_Time

There is a big spike of activity on this thread, are we all on drugs?

ukcarper

Crashy_Time wrote: »

He said people are trying to outbid each other with money they don`t have, that means someone doesn`t get to realise their "equity".

That was happening and property was selling so it's obvious that people did have the money. Things have slowed down now and the bidding wars have ended.

Crashy_Time

ukcarper wrote: »

There were massive increases earlier in the year and that couldn't carry on but that doesn't mean prices will fall back to 2013 levels.

No, it means prices will fall back to 2003 levels, and beyond.

Bubble_and_Squeak

ukcarper wrote: »

There were massive increases earlier in the year and that couldn't carry on but that doesn't mean prices will fall back to 2013 levels.

no, but the end of funding for lending and foreign investors running for the hills could do that

ukcarper

Crashy_Time wrote: »

No, it means prices will fall back to 2003 levels, and beyond.

That's what you are hoping for but not a fact.

ukcarper

Bubble_and_Squeak wrote: »

no, but the end of funding for lending and foreign investors running for the hills could do that

In prime London maybe but that won't effect me or you.