Debate House Prices


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Rightmove figures for Monday - leaked

http://www.guardian.co.uk/business/2008/apr/18/creditcrunch.housingmarket

0.9% down in London in the month of March.

Spring bounce cancelled.

:beer:
«13

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Worst performers April 2008

    Richmond-upon-Thames £535,249 (-2.7%)
    Ealing £413,138 (-2.4%)
    Waltham Forest £297,555 (-2.3%)
    Kensington and Chelsea £1,458,558 (-2.2%)
    Brent £516,725 (-1.6%)
  • Zammo
    Zammo Posts: 724 Forumite
    And there was me thinking London was immune to a crash.

    :rotfl:
  • poppy10_2
    poppy10_2 Posts: 6,583 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    This is just the London figures. Annual rate of hpi is still +6.2%.

    Miles Shipside, the commercial director of Rightmove, said: "It is highly unusual to see a fall in April. Spring is traditionally the peak season for new sellers to launch their properties on to the market at more optimistic prices, as gardens are looking their best and time is on a seller's side.
    "However, sellers have taken the smart step of acknowledging that buyers will need tempting with a more competitive price, partly due to concerns over City job losses and mortgage costs not falling in line with base rates."
    poppy10
  • Doozergirl
    Doozergirl Posts: 34,021 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It does make you wonder when the average price of a property in Tower Hamlets is £408,000.

    Don't people know that there are nicer, cheaper places to live?
    Everything that is supposed to be in heaven is already here on earth.
  • Stevenic
    Stevenic Posts: 74 Forumite
    Kensington and Chelsea £1,458,558 (-2.2%)

    This fall must be such a relief to most of us :rolleyes:
  • Zammo
    Zammo Posts: 724 Forumite
    Stevenic wrote: »
    This fall must be such a relief to most of us :rolleyes:

    I'm now 40k nearer to a pad in Chelsea. :money:
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    Zammo wrote: »
    I'm now 40k nearer to a pad in Chelsea. :money:

    Zammo behave, you couldn't even afford the season ticket.
    Be careful zammo rumours going around the regulars on here you and benefits blaggers are an item, any truth in this?
  • Zammo
    Zammo Posts: 724 Forumite
    Zammo behave, you couldn't even afford the season ticket.
    Be careful zammo rumours going around the regulars on here you and benefits blaggers are an item, any truth in this?

    Just two lost souls cast adrift on the sea of life Brodders.

    Have you slipped Doozer a length yet? I hear she's in the same "boat" as you having just invested in a semi submersible bungalow on the flood plains of Gloucestershire. Perhaps you can work out some sort of deal to keep yourselves "afloat". Maybe some sort of relationship where she supplies a service and you provide protection?

    :money:
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    Zammo wrote: »
    Just two lost souls cast adrift on the sea of life Brodders.

    Have you slipped Doozer a length yet? I hear she's in the same "boat" as you having just invested in a semi submersible bungalow on the flood plains of Gloucestershire. Perhaps you can work out some sort of deal to keep yourselves "afloat". Maybe some sort of relationship where she supplies a service and you provide protection?

    :money:

    Speaking of boats anyone seen my nellys thread on the (non losers board).
  • lethal0r
    lethal0r Posts: 408 Forumite
    lovely line this
    Since the survey was launched six years ago, a fall in asking prices has only happened once before in April – in 1985.
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