Debate House Prices


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London Has Peaked

1…9091939596…236

Comments

  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    padington wrote: »
    Asking prices in Haringey up 6.3% in October according to right move. Islington up 8.7%.

    Properties available per estate agents nationally down 10% on the year October 2013 -2014.

    http://www.rightmove.co.uk/news/files/2014/10/october-2014.pdf

    asking prices for london are slightly higher in nominal terms in november compared to may. however, as you well know RM only records the initial asking price, not price adjustments made by the agent. in the areas i'm monitoring may had just over 10% of entries with a price reduction while just over 6% had a price increase. in november over 28% had a price reduction and less than 5% had an increase.
    in addition, demand is significantly down compared to may, giving the buyer more bargaining power.
  • padington
    padington Posts: 3,121 Forumite
    edited 22 November 2014 at 11:51AM
    Haringey up 1.3 % 14th October - 14 th November. Greater London up 0.8 %. The usual expected fall in November is reported as 'best' this year than the last five years. Availability of housing stock at estate agents at lowest level ever recorded for this time of year ...

    http://www.rightmove.co.uk/news/files/2014/11/november-2014.pdf
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Bubble_and_Squeak wrote: »
    this LR has a two week time lag nonsense gets awfully monotonous after a while

    Why not break the habit of a lifetime and provide data to support your assertion?

    It's a weak debating position to make an assertion and then spend months saying hahaha every time it's blown out of the water.

    Why not start by explaining exactly what peaked in April or May and taking it from there?
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    why not put your properties on the market and see if anyone actually pays what you believe they are worth?
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Bubble_and_Squeak wrote: »
    why not put your properties on the market and see if anyone actually pays what you believe they are worth?

    Why would he do that? He is probably very happy with the properties he owns, I know we are.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • padington
    padington Posts: 3,121 Forumite
    Bubble_and_Squeak wrote: »
    why not put your properties on the market and see if anyone actually pays what you believe they are worth?

    Why kill the golden goose ?
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • System
    System Posts: 178,355 Community Admin
    10,000 Posts Photogenic Name Dropper
    Bubble_and_Squeak wrote: »
    why not put your properties on the market and see if anyone actually pays what you believe they are worth?

    And pay twice as much per month to rent something else? No thanks.

    Plus, it'll be worth more tomorrow.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    a colleague of mine has had her house on the market in CHIGWELL for about 3 months and has received one offer below the asking price which she rejected because her house is worth more. she says that house prices are going up and (like you lot) quotes various indices which prove that they are. meanwhile, back in CHIGWELL...
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Bubble_and_Squeak wrote: »
    a colleague of mine has had her house on the market in CHIGWELL for about 3 months and has received one offer below the asking price which she rejected because her house is worth more. she says that house prices are going up and (like you lot) quotes various indices which prove that they are. meanwhile, back in CHIGWELL...

    That house I mentioned a few pages back that went up for sale at £60k more than best price achieved on the road which was earlier this year has just gone sold subject to contract.
  • System
    System Posts: 178,355 Community Admin
    10,000 Posts Photogenic Name Dropper
    A colleague of mine just sold her one bed flat in Walthamstow for 40k above asking price after being on the market for only 17 nanoseconds.

    ...nope, didn't see the point in that.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
This discussion has been closed.
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