How far will house prices fall [volume 4]
Discussion
turbobloke said:
Jeez.
£105k from £250k was back in 2008 - regardless of askng price in ads, you have to wonder what they actually sell for today.
According to nethouseprices.com, there were four completions during 2013, cheapest was £102k for a 1 bed, most expensive was £138k for a 2 bed.£105k from £250k was back in 2008 - regardless of askng price in ads, you have to wonder what they actually sell for today.
http://www.nethouseprices.com/index.php?con=sold_p...
rah1888 said:
According to nethouseprices.com, there were four completions during 2013, cheapest was £102k for a 1 bed, most expensive was £138k for a 2 bed.
http://www.nethouseprices.com/index.php?con=sold_p...
7 sales since 2006 are visible. It would seem it has not been embraced by owner occupiers quite yet!http://www.nethouseprices.com/index.php?con=sold_p...
Even with Ludlow's extravagant and extensive marketing push I wonder if 275 is realistic?
Justayellowbadge said:
7 sales since 2006 are visible. It would seem it has not been embraced by owner occupiers quite yet!
Even with Ludlow's extravagant and extensive marketing push I wonder if 275 is realistic?
Fair do's. You were right about this specific development and I was wrong.Even with Ludlow's extravagant and extensive marketing push I wonder if 275 is realistic?
Don't think we'll see 80% off a straight development though, absent Ebola decimating Europe or a major and prolonged war with Russia.
LucreLout said:
Fair do's. You were right about this specific development and I was wrong.
Don't think we'll see 80% off a straight development though, absent Ebola decimating Europe or a major and prolonged war with Russia.
Nor I. Don't think we'll see 80% off a straight development though, absent Ebola decimating Europe or a major and prolonged war with Russia.
What I was trying to say was that I didn't necessarily agree with Z4's prophecy of market-geddon extrapolated from the realization that some new build tat developments are overpriced.
That place went down the toilet in spectacular fashion within a couple of years from build, but it didn't have an impact elsewhere.
If anything, I wonder if, when these foreign buyers actually bother to get in a cab and see what they've bought in the outreaches of Kent ('10 minutes from Buck House!'), it will drive the money into proper stock rather than out of the market altogether.
Justayellowbadge said:
If anything, I wonder if, when these foreign buyers actually bother to get in a cab and see what they've bought in the outreaches of Kent ('10 minutes from Buck House!'), it will drive the money into proper stock rather than out of the market altogether.
having been with my fair share of overseas buyers both here and in overseas exhibitions, but for decent enough schemes (proper stock). They just think its a great investment that will only go up and they are going to rent out for 5% yields. when they actually complete, they wont get 5%, they are paying huge service charges, and they have debt to pay. might be a different story.. For example i looked at the amount of new build PRIME schemes being build in canary wharf which will be advertised to oversea buyers as great investments with top notch rental
• Hertsmere Tower – Greenland – 237m
• Balitmore Tower – Forgmore / Galliard Homes - 150m
• Diamond Tower – Canary Wharf Group – 220m
• City Pride – Chalegrove Properties 233m
• RS - ?? - ??
• Providence Tower – Ballymore - 136m
• Horizons – Telford Homes – 81m
• Dollar bay Tower – Mount Anvil / City Style- 109m
• Helix – Essential Living, 122m, 104m
• 7 Limeharbour – Telford Homes – 92m
• Skylines – Skyline Worldwide - 163m, 142m, 85
• Meridian gate – Meridian Property Holdings – 180m
• Thames Quay – Lycamobile! - 4 towers
• One Wood Wharf – Canary Wharf Group - 200m
• Arrowhead Quay – Ballymore – 183m, 170m
• 30 Marsh Wall – ??? - 185m
• 50 Marsh Wall – ??? - 60 floors
• 54 Marsh Wall – Daejan - 39 floors, 28 floors
• 225 Marsh Wall – 154m
• South Quay – Barkley – 235m, 118m
• Quay House – Investin/CIT – 75 floors
• Millarbour East and West – Galliard – 95m
• Millharbour South – Fidelity - 166m, 122m, 90m, 87m,
ks the country up?I've been watching our local area pretty much constantly for the last year or so whilst the future Mrs Arm and I wait for the planets to align and release some funds.
Seeing quite a lot of things that 'sold' at the peaks earlier in the year reappear on the market at slightly lower prices over the past month or so in the £200 - £350k range (Hampshire area). Perhaps it is just the normal sales falling through/desperate to move. I haven't watched the market much before to get a feel for what is normal.
Whilst I don't want anyone to end up homeless, I really hope that the (asking) prices do crash by 10% or more, it brings a lot of more desirable stuff into reach of our budget.
alfaman said:
anonymous said:
[redacted]
Surely that's worth more than just the plot? I agree kitchen looks dated - but bathroom is much newer than 1990s
Is your benchmark Candy Brothers?
.. What would you see as major faults - apart from kitchen and layout which is a bit cramped/ odd...Its fun playing with the historic image bar on Google Earth to see which plots are cut up and houses pulled down.
jdw1234 said:
Anything on half an acre or more round there, less than 10 years old and not pimped out is going to be torn down.
Its fun playing with the historic image bar on Google Earth to see which plots are cut up and houses pulled down.
It's amazing how many houses in that road have a pool. You'd have though an indoor one would have more cache. Or maybe less, as it can't be seen?Its fun playing with the historic image bar on Google Earth to see which plots are cut up and houses pulled down.
Site position and aspect looks a bit iffy - back faces ENE, and it looks surrounded by trees.
gibbon said:
What are you on about?
One local property to you with an ambitious asking price? Means nothing.
Dissecting Cobham listings has been half the fun of these four threads. We've chortled at scores and scores of them. Often the same properties many times over. It's been a while, mind.One local property to you with an ambitious asking price? Means nothing.
Bring back the Churchods mockery.
Mobile Chicane said:
That just screams 'executor sale'.
Guess what? Executors are greedy.
I can see that being up for rent sooner than it's sold.
But with executors sales the recipients are likely to be paying tax at 40% and could be splitting the gains.Guess what? Executors are greedy.
I can see that being up for rent sooner than it's sold.
So sometimes won't hold out for a high price - especially if there is squabbling... An additional 100k split 4 ways is only 15k each after tax ... On a base of around 0.3m each ( as hypothetical example)
jdw1234 said:
Anything on half an acre or more round there, less than 10 years old and not pimped out is going to be torn down.
Its fun playing with the historic image bar on Google Earth to see which plots are cut up and houses pulled down.
Similar in South Bucks where I used to live - there is currently a large old house on a prime road , 1.3 acre plot , bankruptcy, internal property damage. Was up a while back at 1.3mill - now going to auction at 1.0m starting price.Its fun playing with the historic image bar on Google Earth to see which plots are cut up and houses pulled down.
I am half inclined to have a punt - but I think i would be out bid by professional developers ( would go to 1.5m+?)
Another developed house on same road with 0.5 acre plot up for sale at 2.8mill.
And another older house on about an acre , 7-8000 ft2 up for sale at 2.3m ( same road) - similar condition to Cobham house but architecturally much better.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff