Show us your real estate pawn (vol 2)
Discussion
NomduJour said:
Credit-driven bubble, low interest rates are the priority to keep the wheels on. Slow the supply of cheap credit, slow the demand, slow the price increases.
Undoubtedly. But a bubble implies a crash. I think just a slowing of the insane price rises. Even 2008-9 crash saw values decrease for only 18 months before bouncing back.Historically, London has never crashed, despite everyone always thinking it is a bubble. The economic importance of the capital, and need for people to work here still, drives this.
We just don't have enough good housing stock down here. Make commuting from out of town both cheaper (unlikely) and faster (happening with Crossrail, HS2 etc), and you'll encourage people to move out of here. But until that time. Or when people can genuinely work from home for half the week, that will also change things - but the financial and tech industries that employ so many here aren't going to do that anytime soon, IMHO.
Another major issue here in London is groaning services. Too crowded, meaning that education and other social infrastructure is suffering. As house prices increase and government funded services decline in quality, you really are creating a city where only the rich will be able to afford to live well, soon. Not a great outcome.
But there is plenty of money driving house prices here. And it's not just cheap credit/the Bank of Mum & Dad.
London definitely bounces back quickly (see 1989 too), there's a huge amount more money in the world now, it's a safe haven for dodgy foreign cash etc. but house prices would not be where they are without government intervention. For "normal" people (including the £250k+ p.a. PAYE lot), carrying an enormous amount of debt to support an increasingly-expensive home isn't going to look very clever when interest rates finally start moving.
Kensington & Chelsea prices were two and a quarter times the national average in 2005, now it's something like seven times. Anyway, wrong thread.
Kensington & Chelsea prices were two and a quarter times the national average in 2005, now it's something like seven times. Anyway, wrong thread.
Harry Flashman said:
London was in a state of decline/depopulating between c.1930 and c.1987.
Thats why all those nice big houses were cut up into flats/bid sits etc.
jdw1234 said:
One of my favourite roads in London.
http://www.rightmove.co.uk/property-for-sale/prope...
I just dont understand why someone would by one of those St. Edmunds flats (walked past them during my morning strole on Sunday)for much more money instead of this which is just around the corner.
Nice, but more of interest to me is how did Elsworthy Road nearby get to be blocked from Google street view?http://www.rightmove.co.uk/property-for-sale/prope...
I just dont understand why someone would by one of those St. Edmunds flats (walked past them during my morning strole on Sunday)for much more money instead of this which is just around the corner.
numtumfutunch said:
Nice, but more of interest to me is how did Elsworthy Road nearby get to be blocked from Google street view?
You do get a few roads like that, even on boring housing estates , it's just missed I think.jdw1234 said:
One of my favourite roads in London.
http://www.rightmove.co.uk/property-for-sale/prope...
I just dont understand why someone would by one of those St. Edmunds flats (walked past them during my morning strole on Sunday)for much more money instead of this which is just around the corner.
some people don't want the fuss of an older house, they are only here a few months of the year and like "lock up and leave", they know the staff will look after it and their Ferrari is safe downstairs. no hassle, no fuss. http://www.rightmove.co.uk/property-for-sale/prope...
I just dont understand why someone would by one of those St. Edmunds flats (walked past them during my morning strole on Sunday)for much more money instead of this which is just around the corner.
you pay a premium, but the spec is good, everything works, you have 24/7 staff, and a rather nice 20m pool and spa
I personally would live there (but I can't afford it) but I do see the merits of older properties.
Zoon said:
Davey S2 said:
jdw1234 said:
Proper what? expensive?It's nice but I can't see £22M there but that the same for most of the property in London.
Justayellowbadge said:
No apologies for more highland poon.
http://www.rightmove.co.uk/property-for-sale/prope...
32,000 acres. 50 square miles.
have some serious fun on those roads as I'm assuming that they're all on the estate.....http://www.rightmove.co.uk/property-for-sale/prope...
32,000 acres. 50 square miles.
irocfan said:
Justayellowbadge said:
No apologies for more highland poon.
http://www.rightmove.co.uk/property-for-sale/prope...
32,000 acres. 50 square miles.
have some serious fun on those roads as I'm assuming that they're all on the estate.....http://www.rightmove.co.uk/property-for-sale/prope...
32,000 acres. 50 square miles.
king Mugabe. One of the reasons the land there is so cheap.
You might not enjoy it for long. Nicola Mugabe's SNP unveils land grab - http://www.independent.co.uk/news/uk/politics/snpl...
Too many to post - http://www.lionard.com/ - has 5 pages of Castles for sale in Italy.
Like this
Or this
Maybe this floats your boat
Italian Zombie defence
Go Medieval
Like this
Or this
Maybe this floats your boat
Italian Zombie defence
Go Medieval
FourWheelDrift said:
Too many to post - http://www.lionard.com/ - has 5 pages of Castles for sale in Italy.
Prices are a bit vague on that web site €5m-€10m 
I'd offer them 5 then! Davey S2 said:
iluvmercs said:
samdale said:
Just having a browse round my area.
Although if that's not impressive enough there's always this
http://www.rightmove.co.uk/s6p/49901989
The second house up near Fakenham sold for close to its £2.75 million asking price in July 2014, yes last July!Although if that's not impressive enough there's always this
http://www.rightmove.co.uk/s6p/49901989
It's being sold by an international property company who clearly don't know the local market.
I think they are just chancing it at that price to see if an international wants a place close to Kate, William and baby George.
But then if someone is willing to pay, then why not.
The house itself is unbelievably beautiful. A friend lives in a house right behind it. Even at a minor glimpse, it is awe inspiring! Having that said, it's not very PH friendly with only a couple of garages, and for the money you can buy a small estate in some parts of Norfolk.
Darren
Edited by iluvmercs on Thursday 18th June 01:24
jdw1234 said:
Harry Flashman said:
London was in a state of decline/depopulating between c.1930 and c.1987.
Thats why all those nice big houses were cut up into flats/bid sits etc.
Todays daydream is : http://www.rightmove.co.uk/property-for-sale/prope...
With stables just waiting to become a dream garage...........
With stables just waiting to become a dream garage...........
Roger Woods said:
Todays daydream is : http://www.rightmove.co.uk/property-for-sale/prope...
With stables just waiting to become a dream garage...........
But it's slap bang next to a gypsy camp (pic 13)With stables just waiting to become a dream garage...........
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