London Has Peaked

chucknorris

Bubble_and_Squeak wrote: »

£35k under the asking price might be a cut too far (for now)

Which is why I said:

chucknorris wrote: »

I would probably pay £325k for it, which would give me at least a 5% yield, but I expect it to go for more than that.

Bubble_and_Squeak

chucknorris wrote: »

Which is why I said:

thinking about it £325k isn't even 10% off the asking price
better houses have had bigger haircuts in tottenham recently
and if you're buying cash- better the chuck in the hand than the flock of post mmr bomads in the sky

Bubble_and_Squeak

Hometrack says London’s monthly rate of growth across all of London slipped to just 0.4 per cent in September compared with 1.0 per cent at its 2014 peak in April, reflecting weaker demand.

April being the operative word

robmatic

Bubble_and_Squeak wrote: »

April being the operative word

'Rate of growth' is the operative term here.

wotsthat

Bubble_and_Squeak wrote: »

Hometrack says London’s monthly rate of growth across all of London slipped to just 0.4 per cent in September compared with 1.0 per cent at its 2014 peak in April, reflecting weaker demand.

April being the operative word

You're funny. If prices are growing but more slowly then prices are going up and haven't peaked.

After having trashed Land Reg as a means of measuring house prices it must be killing you having to avoid mentioning that London is down 0.7% MoM. More than a months rent I suppose - every little helps.

AndyGuil

wotsthat wrote: »

You're funny. If prices are growing but more slowly then prices are going up and haven't peaked.

After having trashed Land Reg as a means of measuring house prices it must be killing you having to avoid mentioning that London is down 0.7% MoM. More than a months rent I suppose - every little helps.

Even that figure will be updated up. All but one borough was up last month. The one that wasn't was Kensington, which no one cares about.
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/367294/HPIReport20141021.pdf

Bubble_and_Squeak

wotsthat wrote: »

You're funny. If prices are growing but more slowly then prices are going up and haven't peaked.

After having trashed Land Reg as a means of measuring house prices it must be killing you having to avoid mentioning that London is down 0.7% MoM. More than a months rent I suppose - every little helps.

the properties for which the LR figures apply were probably marketed and went under offer around may (cue danny with his legal nonsense)
so i was only a month out

Bubble_and_Squeak

wotsthat wrote: »

You're funny. If prices are growing but more slowly then prices are going up and haven't peaked.

After having trashed Land Reg as a means of measuring house prices it must be killing you having to avoid mentioning that London is down 0.7% MoM. More than a months rent I suppose - every little helps.

peak growth innit

ukcarper

Bubble_and_Squeak wrote: »

peak growth innit

Your post show that April was not the peak just that prices are rising slower or are you now changing from peak prices to peak growth.

Let's face it a growth of 0.4 from May to September means prices are 2% higher than April.

wotsthat

Bubble_and_Squeak wrote: »

the properties for which the LR figures apply were probably marketed and went under offer around may (cue danny with his legal nonsense)
so i was only a month out

No. If prices have been rising more slowly (as you assert) then they haven't peaked yet and May wasn't a peak either. It shouldn't be that difficult to understand.

You wouldn't say things are getting cheaper if inflation falls would you?

Bubble_and_Squeak wrote: »

peak growth innit

Is there any firm ground left for you move the goalposts to?