How far will house prices fall [volume 4]
Discussion
fido said:
walm said:
At least they got rid of those absurd bandings.
Great. So they replaced an anomaly with nearly a years salary (after tax) of stamp duty! Note: that 500k house is now worth >£800-£1m.The b/e was around £950k wasn't it?
It's also to some extent a tax on the mobility of labour, it is probably a small factor in the agglomeration process that sees the south east seeing large price increases and other areas falling behind. High stamp duty must firm up prices in areas with good access to multiple strong job markets, e.g Cobham.
St John Smythe said:
z4RRSchris said:
lots of fun news in the papers today about slowdown / bubble..
Never seen that before! 
April house prices in sharpest slowdown since 2006 - The Guardian (June)
Property price growth slows again in May - Daily Express (also June)
London's luxury homes bubble loses air - FT (July)
But hang on a mo...
London market is picking up again - This Is Money (06 October)
Then last week we had this.
Deutsche Bank calls Time on London Prime Property Party - City AM (22 October)
Graphic from This Is Money.
turbobloke said:
Not too long ago either!
April house prices in sharpest slowdown since 2006 - The Guardian (June)
Property price growth slows again in May - Daily Express (also June)
London's luxury homes bubble loses air - FT (July)
But hang on a mo...
London market is picking up again - This Is Money (06 October)
Then last week we had this.
Deutsche Bank calls Time on London Prime Property Party - City AM (22 October)
Graphic from This Is Money.
and UBS stating London is the most overvalued. http://www.theguardian.com/money/2015/oct/29/londo...April house prices in sharpest slowdown since 2006 - The Guardian (June)
Property price growth slows again in May - Daily Express (also June)
London's luxury homes bubble loses air - FT (July)
But hang on a mo...
London market is picking up again - This Is Money (06 October)
Then last week we had this.
Deutsche Bank calls Time on London Prime Property Party - City AM (22 October)
Graphic from This Is Money.
Talking of supply and demand
http://news.sky.com/story/1578194/uk-population-se...
Any guesses what this will do to demand? Brick futures may be the place to be
http://news.sky.com/story/1578194/uk-population-se...
Any guesses what this will do to demand? Brick futures may be the place to be
Peckham pre-fab shed sells for almost a million.
http://www.telegraph.co.uk/finance/property/119774...
http://www.standard.co.uk/news/london/rundown-bung...
Bit of a disengenuous headline though... sneaked in at the end it's got 0.6 acres which is mahoosive for an inner city plot. Still, it's a shed and that's pretty pricey.
http://www.telegraph.co.uk/finance/property/119774...
http://www.standard.co.uk/news/london/rundown-bung...
Bit of a disengenuous headline though... sneaked in at the end it's got 0.6 acres which is mahoosive for an inner city plot. Still, it's a shed and that's pretty pricey.
hornetrider said:
Peckham pre-fab shed sells for almost a million.
http://www.telegraph.co.uk/finance/property/119774...
http://www.standard.co.uk/news/london/rundown-bung...
Bit of a disengenuous headline though... sneaked in at the end it's got 0.6 acres which is mahoosive for an inner city plot. Still, it's a shed and that's pretty pricey.
Yeah but you could easily stick a block of 20 apartments on that plot. On that basis id say its very cheap actually.http://www.telegraph.co.uk/finance/property/119774...
http://www.standard.co.uk/news/london/rundown-bung...
Bit of a disengenuous headline though... sneaked in at the end it's got 0.6 acres which is mahoosive for an inner city plot. Still, it's a shed and that's pretty pricey.
Just looked it up, it's only 0.06 acres, not 0.6 acres, rather a difference. But you could still get a good few flats on there, looks like they did similar with a neighbouring prefab in the last few years. Apparently the vendor was Southwark Council, one has to question why they haven't at least attempted to secure some sort of outline planning permission for it to boost the sale price.
Started to look for somewhere. It seems sensibly priced things sell quickly, sometimes above asking.
Some deluded sellers though, happy to sit and wait.
Viewed a property recently that was 50% more than neighbours which sold just weeks before, albeit this property has slightly bigger plot. Seller believe theirs is a bargain because it was 75% more originally!
IMO it's worth a bit more, maybe 20%, but 50-75% is just madness. Still, EA said that's what it's worth so that's what it's worth, right?
Some deluded sellers though, happy to sit and wait.
Viewed a property recently that was 50% more than neighbours which sold just weeks before, albeit this property has slightly bigger plot. Seller believe theirs is a bargain because it was 75% more originally!
IMO it's worth a bit more, maybe 20%, but 50-75% is just madness. Still, EA said that's what it's worth so that's what it's worth, right?
t load of loft extensions going on now presumably because people cant afford to, or are not willing to, pay to move.
Some of those ^ are just breath-taking! Is there a story with the flat?
Yet in my semi-rural West Cheshire village, houses are just about starting to nudge their 2006/7 values again.
A couple of small developments and one larger one have been tacked onto the village and they're selling well, but buyers are going to be in negative equity for years.
Yet in my semi-rural West Cheshire village, houses are just about starting to nudge their 2006/7 values again.
A couple of small developments and one larger one have been tacked onto the village and they're selling well, but buyers are going to be in negative equity for years.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff