London house prices?

[Burwood]

what's so funny Crouton? Ah OK, NZ. I was simply commenting on yield and some context

[Croutons]

Is this a land reg error, or summat funny going on?

Flat 12, Farley Court, Allsop Place
1 bed flat
Sold price history:

£76,000 10 Aug 2011 - 84.8%
£500,000 17 Jun 2011 + 58.7%
£315,000 30 Jan 2004

[untakenname]

May have been sold with a short lease remaining and then the next time had a 99 year one or similar?


I was hoping Battersea/Nine Elms was going to tank but now Apple have set up their HQ there it may keep up the prices.

[Jiebo]

z4RRSchris said:

Last penthouse sale, i would think it will be available on the land reg when it completes. Neo sold the whole of block D to themselves i dont think they are fussed who knows what.

Joe Public can expect 10-35% (dependant on scheme) in a high proportion of completed new build, and off plan, but not first launch.

C

In 2008 people were crying at the top of their lungs that prices in London were going to fall by 20%+.

They were so certain that it was going to happen.

Guess what, nothing happened then, and nothing will happen now. London isn't any more expensive than Hong Kong, Singapore or New York, which are it's equivalents.

Unless there is a world-wide environmental or health endemic, nothing will change. The economy is rigged, and these capital cities have so much vested interest in asset inflation. In the future 40 year mortgages, or mortgages you can pass to your children, or partial equity will become the new norm in 15 years.

I'm not advocating it. There is a massive social consequence as only a select few will benefit, from adding zero value to the world. At it's simplest it is just the old stealing the wealth from the young.

As the baby boomers are all home owners, nothing will change until they are all dead. The young generations that can't buy now and in the future will eventually stop this massive ponzi scheme. But it won't happen for decades.

[Croutons]

untakenname said:

May have been sold with a short lease remaining and then the next time had a 99 year one or similar?

Perhaps better presented this way :


Sold for:
£500,000 17 Jun 2011

Sold for:
£76,000 10 Aug 2011

Which is not indicative of a short term increase in value, quite the opposite!

[Adam B]

Did Harry Flashman move in next door?

[scenario8]

Croutons said:

Perhaps better presented this way :


Sold for:
£500,000 17 Jun 2011

Sold for:
£76,000 10 Aug 2011

Which is not indicative of a short term increase in value, quite the opposite!

Where are you getting that data?

http://www.zoopla.co.uk/house-prices/london/allsop...

has different numbers.

Flat 11 is an oddity, too.

(Looking to buy it or another in the development or something? Seems a curious find otherwise.)

[Croutons]

Rightmove, trying to argue for a lower price per Sq ft on something close by, this sticks out.

[Harry Flashman]

Adam B said:

Did Harry Flashman move in next door?

[princeperch]

Further to the discussions on the east end and Victoria park, I actually viewed this flat in 2011 before we purchased ours in the block next door. I didn't buy it because I didn't want to pay the extra sdlt and thought it was only worth 250. The agent said the bloke wanted 270 for it which he got in the end in 2011. Its a nice flat, park and canal views and upper level with balcony, which Tue flat I ended up buying didn't have as it was in the basement.

Now for sale for 475 after theyve put a new kitchen in and redecorated . but this is also not that much north of the price they could have got for it 2 years ago when I sold mine..

http://www.rightmove.co.uk/property-for-sale/prope...

Edited by princeperch on Thursday 29th September 08:22

[E36GUY]

Jiebo said:

In 2008 people were crying at the top of their lungs that prices in London were going to fall by 20%+.

There was certainly a slow down after that but it picked right up again. Tried to sell my flat in 2011 when nowt was happening and got not even a sniff at £325k. Ended up renting it our again and sold for £480k just four years later. Madness. Great for me but still madness.

[Esseesse]

E36GUY said:

Jiebo said:

In 2008 people were crying at the top of their lungs that prices in London were going to fall by 20%+.

There was certainly a slow down after that but it picked right up again. Tried to sell my flat in 2011 when nowt was happening and got not even a sniff at £325k. Ended up renting it our again and sold for £480k just four years later. Madness. Great for me but still madness.

Wonder what would have happened had interest rates stayed about the same after 2008...

[Croutons]

Massive advertising supplement for hard to shift off plan flats London property special in yesterday's Times reckons Waltham Forest will see >6.5% annual growth from 2016-2030, with pretty much everywhere over 5%.

But what is happening on the ground?

[housen]

way I see it property is like money

when people stop believing in it then it will fall

London property if u live in London ...even if u just look at the maths its better to buy

[ClaphamGT3]

Interesting to those of us who live in the area

http://www.bbc.co.uk/news/video_and_audio/features...

[z4RRSchris]

housen said:

London property if u live in London ...even if u just look at the maths its better to buy

Why is it better to buy? rents are c2%. cheaper to rent.

[JiggyJaggy]

With the potential of capital growth the thinking is it is better to buy.

[housen]

z4RRSchris said:

housen said:

London property if u live in London ...even if u just look at the maths its better to buy

Why is it better to buy? rents are c2%. cheaper to rent.

fair point

but if u had the choice u expect most would buy ...monthly cost fall with 1.5% mortgage plus capital gains

let say this mkt just keeps going up

id rather be in than out IF I had the choice of course

[z4RRSchris]

fair enough.

im happy being out, ill jump in when the prices fall further.

[housen]

z4RRSchris said:

fair enough.

im happy being out, ill jump in when the prices fall further.

falling in London or elsewhere ?