London Has Peaked

padington

Bubble_and_Squeak wrote: »

only 8 entries for stratford today
that must mean the market is HOT, like that ea on rightmove told us yesterday
but wait
3 reductions and a failed sale

A perfect example. Thank you.

Bubble_and_Squeak

padington wrote: »

A perfect example. Thank you.

its 9 entries now
another sale bites the dust

padington

Meanwhile ...

http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/11099087/London-houses-now-cost-more-than-500000.html

http://www.huffingtonpost.co.uk/2014/09/16/uk-house-prices-rise_n_5827568.html

http://static6.businessinsider.com/image/54182eb869bedd534f85259d-960/average%20uk%20and%20london%20house%20prices-3.png

Bubble_and_Squeak

padington wrote: »

Meanwhile ...

http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/11099087/London-houses-now-cost-more-than-500000.html

http://www.huffingtonpost.co.uk/2014/09/16/uk-house-prices-rise_n_5827568.html

all three articles quoting the same set of government figures

all the while supply continued to increase...

padington

This one clearly shows the London bears this year were hideously wrong and if anyone acted upon this misguided advice, would have just got royally stuffed.

http://static6.businessinsider.com/image/54182eb869bedd534f85259d-960/average%20uk%20and%20london%20house%20prices-3.png

Bubble_and_Squeak

padington wrote: »

This one clearly shows the London bears this year were hideously wrong and if anyone acted upon this misguided advice, would have just got royally stuffed.

http://static6.businessinsider.com/image/54182eb869bedd534f85259d-960/average%20uk%20and%20london%20house%20prices-3.png

again, using the same set of ons data
make the most of it while you can

Bubble_and_Squeak

stratford now up to 13 entries today
1 fail
2 changes to make it look like a new entry
3 reductions
that pesky supply just keeps mounting
"OH BUT THE ONS SAID PRICES ARE AT RECORD HIGHS?!"
not in the real world, sunshine

wotsthat

Bubble_and_Squeak wrote: »

lets have a look at what is happening on the ground to see how far these figures reflect reality
30 listings for walthamstow today (supply up)
4 reductions (not selling)
2 failed sale (can't sell)

None of this is showing falling prices - it's noise and it's confusing you.

They clearly didn't get the memo on Douglas Avenue in E17 (the last street on Righmove with a sale 25th July). Achieved highest ever sale price on the street and enough recent sales to show an upwards trend.

http://www.rightmove.co.uk/house-prices/detail.html?country=england&locationIdentifier=POSTCODE%5E273041&searchLocation=E17+5BW&referrer=listChangeCriteria

Prices may fall, moderate or crash but according to all selling indices they're up since April. Maybe it's your analysis that's flawed?

In_For_A_Penny_2

Bubble_and_Squeak wrote: »

stratford now up to 13 entries today
1 fail
2 changes to make it look like a new entry
3 reductions
that pesky supply just keeps mounting
"OH BUT THE ONS SAID PRICES ARE AT RECORD HIGHS?!"
not in the real world, sunshine

When will you admit you've got it wrong? (which is OK btw because nobody knows how the market will behave). . .

October? December? 2015? 2020?

Bubble_and_Squeak

In_For_A_Penny wrote: »

When will you admit you've got it wrong? (which is OK btw because nobody knows how the market will behave). . .

October? December? 2015? 2020?

when supply stops increasing and asking prices in my areas of interest start rising again i will reconsider my position
when will you admit that the stats are misleading? when a 2 bed house in edmonton tops a million?