Debate House Prices


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London Has Peaked

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Comments

  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    padington wrote: »
    Says the Greek who is desperately trying to buy London property before the election. :rotfl:

    http://www.dailymail.co.uk/money/mortgageshome/article-2921526/House-prices-risen-6-9-year-1980-according-ONS.html

    didn't ONS also say that prices in london have been falling for the last 3 months?
  • padington
    padington Posts: 3,121 Forumite
    Bubble_and_Squeak wrote: »
    has your neighbours sale gone through yet?
    got two anecdotes:
    bloke at work who won a bidding war in hertfordshire but needed to sell his house in enfield but couldn't has finally thrown in the towel after the BTL option hit a dead end.
    another bloke at work who lost a bidding war but won a reprieve when the victor couldn't get the mortgage found that he himself couldn't get the mortgage.
    i would imagine this scenario is playing out all over london as we hit an affordability ceiling. or maybe its a two-ff.

    He can't manage to buy, too much competition, keeps getting knocked back for not having 700k cash. Got buyers lined in a queue camping outside his house though.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • padington
    padington Posts: 3,121 Forumite
    Bubble_and_Squeak wrote: »
    didn't ONS also say that prices in london have been falling for the last 3 months?

    Why are you trying to buy a London property this year ?
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    padington wrote: »
    He can't manage to buy, too much competition, keeps getting knocked back for not having 700k cash. Got buyers lined in a queue camping outside his house though.

    interesting
    wooders had loads of price cuts last time i looked
    i hope hes not giving it away!
  • padington
    padington Posts: 3,121 Forumite
    edited 23 January 2015 at 11:32PM
    Bubble_and_Squeak wrote: »
    interesting
    wooders had loads of price cuts last time i looked
    i hope hes not giving it away!

    Why are you trying to buy a London property this year ?
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • padington
    padington Posts: 3,121 Forumite
    From HPC ...

    'London property, from Euroland, looks a great investment for wealthy Europeans who require an EU base & relatively low taxes, with values rising a few percent a day now for them as the Euro plummets'
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • padington
    padington Posts: 3,121 Forumite
    edited 24 January 2015 at 1:33AM
    'When the ECB launches its QE, much of it won’t end up in Europe... and if it spills out anywhere ... It will be into Londons .... property market'

    http://www.marketwatch.com/story/the-winners-from-draghis-qe-america-and-britain-2015-01-14
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Bubble_and_Squeak wrote: »
    didn't ONS also say that prices in london have been falling for the last 3 months?


    Halifax have just updated their calculator. Greater London down 2.5% in Q4 - it's a small mercy because they're still up 5.4% on Q2.


    You're convinced a crash is just around the corner (HPC rule 1) and pay good value rent (HPC rule 2) - how many viewings have you done this week?


    Actions speak louder than words.
  • padington
    padington Posts: 3,121 Forumite
    edited 24 January 2015 at 10:49AM
    wotsthat wrote: »
    Halifax have just updated their calculator. Greater London down 2.5% in Q4 - it's a small mercy because they're still up 5.4% on Q2.


    You're convinced a crash is just around the corner (HPC rule 1) and pay good value rent (HPC rule 2) - how many viewings have you done this week?


    Actions speak louder than words.

    Halifax excludes houses bought for cash and only try to value a 'typical house', so it does distort the real picture somewhat ...

    http://www.ft.com/cms/s/0/852eb69e-901c-11e4-8f09-00144feabdc0.html#axzz3PhTG1gYF
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    padington wrote: »
    Why are you trying to buy a London property this year ?

    i need somewhere to live!
This discussion has been closed.
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