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Debate House Prices
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Latest ONS figures put London up ...
padington
Posts: 3,121 Forumite
14.5% in the last twelve months.
Could a lower pound make price surge even more ?
Could a lower pound make price surge even more ?
Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
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Judging by sales in my area, my house is definitely not up 14%. I assume the figures are skewed by certain locations.0
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Judging by sales in my area, my house is definitely not up 14%. I assume the figures are skewed by certain locations.
Zoopla has cranked up its London estimates seemingly on those new ONS figures. My place jumped 6% this month.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
It's London. It will always go up.0
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Are we talking about the newly released Land Reg/ONS UK house price index here? ONS don't do their own figures now do they??0
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Yes
http://www.independent.co.uk/news/business/news/london-house-prices-up-14-in-a-year-ons-data-shows-a7081566.html
They've stopped top end properties skewing the result.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
Again, judging by my local area and sales for similar properties, my place has risen 6% YoY for the last two years. I don't know which areas are contributing to the 14% figure, probably SE London.0
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Again, judging by my local area and sales for similar properties, my place has risen 6% YoY for the last two years. I don't know which areas are contributing to the 14% figure, probably SE London.
All the cheap parts of London
like wood green
Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
Has anyone else considered, now they take the top tear out of the housing average we may see greater upside potential for relatively cheap properties ?
London up 14.5% this year using the new stats is just one early example of how this change may work.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
I was thinking of a couple of days in London. Should I scrap this and have a long weekend in Wood Green instead?0
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I assumed things would have dropped off a bit after the BTL changes, but was chatting to a local EA, and things still moving along well out in here in zone 4, stuff still moving relatively quickly if priced appropriately and often still above asking price.0
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