London Has Peaked

cells

At some point London will indeed peak no one could argue otherwise but its hard to put a number on it

I don't think it can pass 20x average wages.

Average wage in inner London is near 35k so I don't think inner London can go past £700k average and outter london is 24k so I don't think it can pass £480k average

Bubble_and_Squeak

Jack_Johnson_the_acorn wrote: »

how's property bee looking today???

looking a bit crashy!

Bubble_and_Squeak

mayonnaise wrote: »

ONS, December 2014
YoY : + 9.8%
MoM : + 0.7%

http://www.ons.gov.uk/ons/rel/hpi/house-price-index/december-2014/stb-december-2014.html



:beer:

isn't that the first increase in london since august?

mayonnaise

Bubble_and_Squeak wrote: »

isn't that the first increase in london since august?

Yep.

And mix adjusted average London house is up 17k from April peak. :beer:

Jack_Johnson_the_acorn

mayonnaise wrote: »

Yep.

And mix adjusted average London house is up 17k from April peak. :beer:

Apparently looking crashy hahaha. Prices rising=crashing.

Libber

Land Registry up again, +1.3% MoM

look out below!

chucknorris

Libber wrote: »

Land Registry up again, +1.3% MoM

look out below!

But prices peaked last April, how could that be true, do you mean -1.3%?

danothy

chucknorris wrote: »

But prices peaked last April, how could that be true, do you mean -1.3%?

No no no, you misunderstand. The initial non binding offers made on the houses appearing in the Land Registry now were made in April ... this is why we're seeing the actual sale prices peak now. You just wait, BS assures me they will drop off and that that reflects a peak in non binding offers some time ago.

wotsthat

Bubble_and_Squeak wrote: »

looking a bit crashy!

Says the resident house hunting bear.

Mallotum_X

The crash is apparently beautiful..

http://www.housepricecrash.co.uk/forum/index.php?/topic/203300-the-crash-is-beautiful/