How far will house prices fall [volume 4]
Discussion
Looks like prices are on the up & up - http://www.rightmove.co.uk/property-for-sale/prope...
Targarama said:
Same for 5 beds, the new one initially looks overpriced:
http://www.redrow.co.uk/houses/leicester-road-coun...
That Redrow house looks a great family property. They sell it in other locations - not many of them have prices but of the ones that do, it's cheapest in Countesthorpe and up to £100K dearer elsewhere.http://www.redrow.co.uk/houses/leicester-road-coun...
Considering there's normally a significant new build price uplift, then the prices of the existing established property in Countesthorpe looks bonkers.
NPI said:
Targarama said:
Same for 5 beds, the new one initially looks overpriced:
http://www.redrow.co.uk/houses/leicester-road-coun...
That Redrow house looks a great family property. They sell it in other locations - not many of them have prices but of the ones that do, it's cheapest in Countesthorpe and up to £100K dearer elsewhere.http://www.redrow.co.uk/houses/leicester-road-coun...
Considering there's normally a significant new build price uplift, then the prices of the existing established property in Countesthorpe looks bonkers.
I actually really like the look of that. Are Redrow more high end?
Otehrwise, I assume it has a postage stamp garden, inadequate parking, annual liabilities to a (defunct in the future) management company to maintain the communal areas, the walls are made of paper and it has a shared driveway with an affordable house full of gypsies who park 20 cars on the narrow streets.
NPI said:
Targarama said:
Same for 5 beds, the new one initially looks overpriced:
http://www.redrow.co.uk/houses/leicester-road-coun...
But then you see this:
http://www.rightmove.co.uk/property-for-sale/prope...
Gardens on the bigger new houses are not too small either, and many have double garages/plenty of parking.
That Redrow house looks a great family property. They sell it in other locations - not many of them have prices but of the ones that do, it's cheapest in Countesthorpe and up to £100K dearer elsewhere.http://www.redrow.co.uk/houses/leicester-road-coun...
But then you see this:
http://www.rightmove.co.uk/property-for-sale/prope...
Gardens on the bigger new houses are not too small either, and many have double garages/plenty of parking.
Considering there's normally a significant new build price uplift, then the prices of the existing established property in Countesthorpe looks bonkers.
jdw1234 said:
NPI said:
Targarama said:
Same for 5 beds, the new one initially looks overpriced:
http://www.redrow.co.uk/houses/leicester-road-coun...
That Redrow house looks a great family property. They sell it in other locations - not many of them have prices but of the ones that do, it's cheapest in Countesthorpe and up to £100K dearer elsewhere.http://www.redrow.co.uk/houses/leicester-road-coun...
Considering there's normally a significant new build price uplift, then the prices of the existing established property in Countesthorpe looks bonkers.
I actually really like the look of that. Are Redrow more high end?
Otehrwise, I assume it has a postage stamp garden, inadequate parking, annual liabilities to a (defunct in the future) management company to maintain the communal areas, the walls are made of paper and it has a shared driveway with an affordable house full of gypsies who park 20 cars on the narrow streets.
http://www.zoopla.co.uk/for-sale/details/32163970
Listing history
First listed
£375,000 on 1st Mar 2014
Asking price changes
£465,000 24.0% Increased on: 14th Mar 2014
£475,000 2.2% Increased on: 29th Mar 2014
Page views
Last 30 days: 54 | Since listed: 965
+24%??????? Bubbly bubble bubbles on... And I'm a positivist on all this!
Listing history
First listed
£375,000 on 1st Mar 2014
Asking price changes
£465,000 24.0% Increased on: 14th Mar 2014
£475,000 2.2% Increased on: 29th Mar 2014
Page views
Last 30 days: 54 | Since listed: 965
+24%??????? Bubbly bubble bubbles on... And I'm a positivist on all this!
I'm not a regular watcher of Sky News so I'm not familiar with Ed Conway,but I stumbled across his blog which seems quite interesting. I Thought it might be of interest to some here.
A post about regional imbalances and the Bank of England;
http://www.edmundconway.com/2014/03/why-the-bank-o...
Another little snippet about a record level of Mortgage debt write off;
http://www.edmundconway.com/2014/03/uk-mortgage-wr...
A post about regional imbalances and the Bank of England;
http://www.edmundconway.com/2014/03/why-the-bank-o...
Another little snippet about a record level of Mortgage debt write off;
http://www.edmundconway.com/2014/03/uk-mortgage-wr...
From 2011 .. http://www.theguardian.com/business/2011/may/05/ho... .. just saying no one really has a clue!
I'm in London Zone 4 and even a 2 bed flat is only affordable to well paid graduates. It's just gone mental - I can't see this ending well.
I'm in London Zone 4 and even a 2 bed flat is only affordable to well paid graduates. It's just gone mental - I can't see this ending well.
Edited by fido on Sunday 20th April 22:53
Thought I'd resurrect this old chestnut!
Todays report from Land Registry shows there's been a bit of a slow down in March, average prices down 0.4% but still 5.6% on top of last years. London still on the up but growth has slowed right down. South East showing a drop. (http://www.bbc.co.uk/news/business-27223041)
Only monthly figures so could be a glitch, but with Funding for Lending only being cut from the start of April and MMR having just come in, I'd be surprised if there is going to be much of a resurgence in the next couple of months at least.
Also interesting article on Grosevnor Estates selling off £240mil of their prime london real estate, now investing in rental blocks in lower cost areas. http://www.telegraph.co.uk/finance/newsbysector/co...
Todays report from Land Registry shows there's been a bit of a slow down in March, average prices down 0.4% but still 5.6% on top of last years. London still on the up but growth has slowed right down. South East showing a drop. (http://www.bbc.co.uk/news/business-27223041)
Only monthly figures so could be a glitch, but with Funding for Lending only being cut from the start of April and MMR having just come in, I'd be surprised if there is going to be much of a resurgence in the next couple of months at least.
Also interesting article on Grosevnor Estates selling off £240mil of their prime london real estate, now investing in rental blocks in lower cost areas. http://www.telegraph.co.uk/finance/newsbysector/co...
jdw1234 said:
Wow, a new build that isn't completely ste!!
I actually really like the look of that. Are Redrow more high end?
Otehrwise, I assume it has a postage stamp garden, inadequate parking, annual liabilities to a (defunct in the future) management company to maintain the communal areas, the walls are made of paper and it has a shared driveway with an affordable house full of gypsies who park 20 cars on the narrow streets.
New build houses are actually pretty good. Not all have postage stamp gardens. Not all have paper thin walls. Not all have shared driveways. I actually really like the look of that. Are Redrow more high end?
Otehrwise, I assume it has a postage stamp garden, inadequate parking, annual liabilities to a (defunct in the future) management company to maintain the communal areas, the walls are made of paper and it has a shared driveway with an affordable house full of gypsies who park 20 cars on the narrow streets.
However all of your other points are valid IMO which is why I wouldn't touch one with a stty stick. Ever (again ) (unless I was building it in my own huge plot in a nice establish area! ie, not in fields that may have high density st built on them)
Prices seems silly around here again & selling in days. Perhaps the early sunny days & mild winter have made them go mad?
jonny70 said:
z4chris99 said:
looks like Grosvenor have called the top of the prime market.
wait for the correction
any predictions ,when?wait for the correction
This decision looks like a mix of typical inv com prudence and an appetite to balance the GBI on and off estate focus.
I suspect that the prime resi will go a little while yet; we're seeing Asian, Ukranian and Western European money flowing into the market with Asia remaining strong, albeit with storm clouds gathering in their economy. That said, we're getting more and more funders looking to take off prime product and, increasingly, out of London product, which indicates that the market may ease up somewhat over the next 6-18 months
From yesterday's front pages, the first was on the Express cover and the second was on the front page of The Times, but the link below is from the Indy.
House prices are rising at their fastest rate since 2007 as values soar by £1500 a month it was revealed yesterday
London flat sells for UK property record price of £140m
House prices are rising at their fastest rate since 2007 as values soar by £1500 a month it was revealed yesterday
London flat sells for UK property record price of £140m
Dave_ST220 said:
jdw1234 said:
Wow, a new build that isn't completely ste!!
I actually really like the look of that. Are Redrow more high end?
Otehrwise, I assume it has a postage stamp garden, inadequate parking, annual liabilities to a (defunct in the future) management company to maintain the communal areas, the walls are made of paper and it has a shared driveway with an affordable house full of gypsies who park 20 cars on the narrow streets.
New build houses are actually pretty good. Not all have postage stamp gardens. Not all have paper thin walls. Not all have shared driveways. I actually really like the look of that. Are Redrow more high end?
Otehrwise, I assume it has a postage stamp garden, inadequate parking, annual liabilities to a (defunct in the future) management company to maintain the communal areas, the walls are made of paper and it has a shared driveway with an affordable house full of gypsies who park 20 cars on the narrow streets.
However all of your other points are valid IMO which is why I wouldn't touch one with a stty stick. Ever (again ) (unless I was building it in my own huge plot in a nice establish area! ie, not in fields that may have high density st built on them)
Prices seems silly around here again & selling in days. Perhaps the early sunny days & mild winter have made them go mad?
You can often get repossessions too as people that bought new over stretched.
Property will keep rising whilst rates are low. Don't forget next year thousands will cash in their pensions which will push btl upwards, especially for cheap northern terraces.
Rates prob wont rise pre election and before the govt lloyds sell off.
I think next 24 months will see prices go mad, then when rates rise and pensions have been milked and the election is a memory there will be no more easy, cheap cash and I cant forecast what will happen beyond that!
Rates prob wont rise pre election and before the govt lloyds sell off.
I think next 24 months will see prices go mad, then when rates rise and pensions have been milked and the election is a memory there will be no more easy, cheap cash and I cant forecast what will happen beyond that!
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