Debate House Prices


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London Has Peaked

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Comments

  • padington
    padington Posts: 3,121 Forumite
    why don't they buy in walthamstow?
    they'll be given them away soon

    They're south Londoners, weird breed.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • Wandsworth area asking prices are down 14% over the last three month according to right move. I know it's not the official Land Registry figures on completion but as a leading indicator that's interesting. As well as Foxton share price tanking since the peak of the housing boom (bubble) in April there is something definitely a lot of downward pressure in the London market currently.
  • Neil21 wrote: »
    Wandsworth area asking prices are down 14% over the last three month according to right move. I know it's not the official Land Registry figures on completion but as a leading indicator that's interesting. As well as Foxton share price tanking since the peak of the housing boom (bubble) in April there is something definitely a lot of downward pressure in the London market currently.

    we need some recent figures on the flow of chinese and russian money coming in to london. i suspect much of the new build stock was being bought up by chinese investors (who else apart from naive first time buyers would buy that rubbish?) but that party now seems to be over
    russians i suspect played a key role in driving prime london. don't really know whats going on with them since putin had his little moment but it probably involves money leaving london.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    wotsthat wrote: »
    You've shown from the links you've posted you don't have the first clue about the Edinburgh market. Do you still think prices didn't rise between 1998 and 2004?

    Until you came here you were still thinking there was a chance that a big crash would make you a winner. Maybe it's you that overestimated the Ponzi's ability to become a new paradigm.





    :rotfl: Yes, the intellectual heavyweights on here certainly put me right. Pull the other one for God`s sake :rotfl:
  • wotsthat wrote: »
    You've shown from the links you've posted you don't have the first clue about the Edinburgh market. Do you still think prices didn't rise between 1998 and 2004?

    Until you came here you were still thinking there was a chance that a big crash would make you a winner. Maybe it's you that overestimated the Ponzi's ability to become a new paradigm.



    "A ponzi becoming a new paradigm" :rotfl:

    Day after day after day after week after week after month after month after year after year after year .... We get this endless drivel and BS from you.

    Do you work for a media group or a vested interest group? or is it that you lie in constant fear?.

    p.s and yet again when I log on for the rare occasion you just happen to be logged on YET AGAIN, this really is serious obsessional stuff
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    "A ponzi becoming a new paradigm" :rotfl:

    Day after day after day after week after week after month after month after year after year after year .... We get this endless drivel and BS from you.

    Do you work for a media group or a vested interest group? or is it that you lie in constant fear?.

    p.s and yet again when I log on for the rare occasion you just happen to be logged on YET AGAIN, this really is serious obsessional stuff

    You criticsize wosthat for drivel have you read any of Crashys posts.
  • ukcarper wrote: »
    You criticsize wosthat for drivel have you read any of Crashys posts.


    Too be fair probably not, but that is probably because when I do make the odd visit to this board it is littered with Hamish and Wosthat posts, and unless I sit here for hours reading through the pages then other contributors will be missed.
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 7 September 2014 at 11:19AM
    bubble & squeak - I'm a homeowner of 23 years, looking for a london bolt hole. I would buy that rubbish for 2 reasons. Firstly my 23 years experience of buying new build has been virtually maintenance free. Secondly I wouldn't expect the new build places to be full of noisy students, benefits tenants who don't give a toss about the property etc.
    My perception is that if I buy older property in zone 1 I risk being next door to a crack den or noisy students. Perhaps the new build are somewhat overpriced but if that means I'm unlikely to live next door to a crack den or the kind of people who might mug me them I'll take it.

    At the moment we are mortgage barred so we are renting for 1 year (not brand new but the flats at st George's wharf look rather nice actually). Won't be buying for at least a year but please educate me if there is some reason I shouldn't buy new build. I really would be grateful if there's something I'm missing.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Too be fair probably not, but that is probably because when I do make the odd visit to this board it is littered with Hamish and Wosthat posts, and unless I sit here for hours reading through the pages then other contributors will be missed.

    Perhaps you should instead of taking things out of context
  • this could be the final bomad bidding war:
    http://www.rightmove.co.uk/property-for-sale/property-31505868.html
    supply in stratford has doubled since april
    142 houses listed on rightmove
    over 40 of which have had the asking price reduced
    and still they fight over a crumby victorian slum
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