London Has Peaked

Bubble_and_Squeak

ukcarper wrote: »

So the actual number of house for sale could be lower.

it most definitely is
but houses have been listed with multiple agents for as long as i can remember
is there a more reliable method of tracking supply?

ukcarper

Bubble_and_Squeak wrote: »

it most definitely is
but houses have been listed with multiple agents for as long as i can remember
is there a more reliable method of tracking supply?

It has but it can distort actual numbers the only way is to count actual houses not listings.

padington

Bubble_and_Squeak wrote: »

so the 8 buyers per property is nationally?
i wonder how many buyers vernon road has?

No I think that's a London stat. You might be able to get an idea by asking a local estate agent, you might need to use a little smoke and mirrors to get an honest answer ? Maybe a college project ? ...

MobileSaver

Bubble_and_Squeak wrote: »

i'm interested in a particular micro market so what 65% of the rest of the country is doing may not be entirely relevant.

First it was London, then Prime London and now it's just Vernon Road... keep digging that hole. :rotfl:

MobileSaver

Bubble_and_Squeak wrote: »

london has a high percentage of cash buyers

Er, no, this is totally incorrect.

London has the lowest percentage of cash buyers in the country.

Bubble_and_Squeak wrote: »

ONS has a high percentage of state employees

Next you'll be telling us the Pope is Catholic.

What is the relevance to anything that a government department has, shock horror, a high percentage of state employees? :think:

Bubble_and_Squeak

ukcarper wrote: »

It has but it can distort actual numbers the only way is to count actual houses not listings.

too time consuming, though
the totals are maybe 35-40% up since may, although they seemed to have levelled off in the last few months. october is quite a bullish month so i expect sales to slow in the up to christmas. that will be cheeky offer season.

Bubble_and_Squeak

padington wrote: »

No I think that's a London stat. You might be able to get an idea by asking a local estate agent, you might need to use a little smoke and mirrors to get an honest answer ? Maybe a college project ? ...

an estate agent i'm acquainted with knows i'm looking to buy so i usually get a mini update whenever i bump into him. last i heard was about a month ago when he said things have really slowed down.
around april he gave me some jaw dropping examples of how far people were paying over the odds in haringey.

Bubble_and_Squeak

MobileSaver wrote: »

Er, no, this is totally incorrect.

London has the lowest percentage of cash buyers in the country.



Next you'll be telling us the Pope is Catholic.

What is the relevance to anything that a government department has, shock horror, a high percentage of state employees? :think:

were the russian oligarchs and chinese investors buying on a 2 year fixed?

Bubble_and_Squeak

MobileSaver wrote: »

First it was London, then Prime London and now it's just Vernon Road... keep digging that hole. :rotfl:

its kinsley too!

The_White_Horse

you know what, in 1976 my parents paid £12k for our house. The next door neighbour paid £12.4k. What a fool!!!!!! He paid well over the odds. And when he sold it for £500k 30 years later, he was still resentful at paying so much over the odds for it - NOT.

The moral of this story is, whether you bought in April, August or will buy in December - in about 30 years time your property will be worth a lot more than you paid for it.

The end.