London Has Peaked

michaels

padington wrote: »

Asking prices up 17% in one month ....

http://www.telegraph.co.uk/finance/property/11631377/London-asking-prices-jump-17pc-after-the-election.html

Not mix adjusted, reflects demise of the mansion tax threat.

chewmylegoff

padington wrote: »

The housing expert says that the million pound tax free rule will increase house prices.

At what point in the program?

padington

chewmylegoff wrote: »

At what point in the program?

I think about 35 % in. Simply states that the tax will encourage more old people to hang on to their properties and that will increase prices.

Libber

Latest Land Registry release has London up 2.3% month on month, 10.9% year on year. Look at that sucker going down!

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/430497/HPIReport20150511.pdf

padington

Libber wrote: »

Latest Land Registry release has London up 2.3% month on month, 10.9% year on year. Look at that sucker going down!

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/430497/HPIReport20150511.pdf

And yet the best borough ( Hackney ) only had a 2.1 % increase ? They never make any sense ?

Zoopla did put my place up by 12.5% though, which was nice.

setmefree2

Central London house prices fall 'by up to 22%' - report

House prices in the smartest parts of London have fallen by up to 22% since last Autumn, according to the property services group LSL.
The company said that Kensington and Chelsea had seen prices plummet by 16% since a peak in September 2014.
In Westminster it claimed there had been a fall of 22% between a peak in November, and the end of May.

http://www.bbc.co.uk/news/business-33086002

Mallotum_X

setmefree2 wrote: »

http://www.bbc.co.uk/news/business-33086002

dont forget the rest of the article...

Suburbs
However prices in the London suburbs - and other parts of England and Wales - continued to hit new highs, said LSL.
According to its calculations, prices rose by 4.5% in the year to May, making the average cost of a home £277,178.
That is similar to estimates by the Office for National Statistics, but much higher than figures from Halifax and Nationwide.
Buyers of properties worth less than £937,000 now pay less in stamp duty than they used to.

Unless you were thinking of moving to prime london the stamp duty changes have just made the alternatives more expensive rather than less.

ukcarper

I wonder what happened to Bubble has he bought yet?

caronoel

ukcarper wrote: »

I wonder what happened to Bubble has he bought yet?

Like CarolT, Macque, PasturesNew, and so many many other bears, he probably just grew a spine and finally bought something

My worry is the day will come when brit1234 finally buys.

That will be the day to trigger a tsunami of all price crashes!

:D:D

onthehill

Libber wrote: »

Latest Land Registry release has London up 2.3% month on month, 10.9% year on year. Look at that sucker going down!

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/430497/HPIReport20150511.pdf

Some boroughs like Lewishan and Newham up considerably more than that - 15 per cent plus. Which is a lot since that is up since a point a year ago when prices were alreadty very hot indeed. These percentage rises are on lower sales volumes I think though.