Estate agent Haart shows drop of 14% in south-west London in November

chucknorris

Crashy_Time wrote: »

Ok, fair enough. What do you think of the link I posted, rubbish or relevant?

Prices haven't fallen that much in SW London IMO, certainly not in Battersea anyway. But todays price doesn't particularly mean anything anyway, it only matters to me when I bought and when I sell. I have 4 properties in Battersea which I bought in 1991, 1991, 1999 and 1999 and won't be selling them until at least the mid 2020's (probably later, but market dependant).


EDIT: If you mean that flat for £500k it isn't of any interest to me at all.

chucknorris

Bubble_and_Squeak wrote: »

you're coming like danny!

Can you not type in plain English?

silvercar

Haart said prices in north London fell by 6.7% last month alone,

In my little patch, house prices have gone up 25-30% in the last year, so if there is an easing of 6.7% last month, that is still a big gain on the year.

Crashy_Time

silvercar wrote: »

In my little patch, house prices have gone up 25-30% in the last year, so if there is an easing of 6.7% last month, that is still a big gain on the year.

Not too comforting if you bought just as the 30% peak was in though? The sentiment of "25 -30% up on the year" only applies to those who were in before these gains materialised, those buying later will have a loss now, and those waiting to buy see falling prices, so they will wait longer, feeding the whole loop as it goes into reverse.

danothy

chucknorris wrote: »

Can you not type in plain English?

It's not just me that noticed then ... I've taken to just adding the incomprehensible to my ignore list.

Crashy_Time

chucknorris wrote: »

Prices haven't fallen that much in SW London IMO, certainly not in Battersea anyway. But todays price doesn't particularly mean anything anyway, it only matters to me when I bought and when I sell. I have 4 properties in Battersea which I bought in 1991, 1991, 1999 and 1999 and won't be selling them until at least the mid 2020's (probably later, but market dependant).


EDIT: If you mean that flat for £500k it isn't of any interest to me at all.

I meant what did you think of quotes like these from the article I posted - "Demand for London property has fallen by 28% since February as over-stretched buyers move out of the capital and the wider housing market continues to cool."


?

chucknorris

Crashy_Time wrote: »

I meant what did you think of quotes like these from the article I posted - "Demand for London property has fallen by 28% since February as over-stretched buyers move out of the capital and the wider housing market continues to cool."


?

I anticipated London prices would dampen after such a huge surge in only a couple of years, demand at those prices had to be affected. But also predictably prices are still significantly up from where they were a couple of years ago. Prices are unlikely to increase in a straight line trend, I think prices in London will stutter for a while now.

Crashy_Time

chucknorris wrote: »

I anticipated London prices would dampen after such a huge surge in only a couple of years, demand at those prices had to be affected. But also predictably prices are still significantly up from where they were a couple of years ago. Prices are unlikely to increase in a straight line trend, I think prices in London will stutter for a while now.

Only due to the various government props and zero interest rates, plus overseas money which is starting to dry up? The UK economy is not in the great shape we were led to believe either (surprise surprise)? There is a point where it can`t be propped up any longer IMO, and market forces will do their work.

chucknorris

danothy wrote: »

It's not just me that noticed then ... I've taken to just adding the incomprehensible to my ignore list.

I am going to try and refrain from communicating with the 3 stooges from now on, it is just a waste of my time. Unless I have a specific point to make.

Crashy_Time

chucknorris wrote: »

I am going to try and refrain from communicating with the 3 stooges from now on, it is just a waste of my time.

Better wait until the "data" is more to your liking, then you can jump on every post that says prices are softening again?