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December 10 2018 7.30pm

The Great London House-Price Softening

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 12 Mar 18 10.01am Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

An interesting article here. When the Bank of England puts up Interest Rates what will the effect be ?

Are we looking at a mild softening or are we looking at the beginnings of a 1989-style property crash ?

Who are the winners ?
who are the losers ?
what does it all mean ?


[Link]

 


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View Lyons550's Profile Lyons550 Flag Shirley 12 Mar 18 10.58am Send a Private Message to Lyons550 Add Lyons550 as a friend

The markets been softening for about a year now and will remain flat until after Brexit. We'll likely continue to see a dip/fall for 24months until confidence post brexit starts to gain momentumn again.

I'd expect to see a 10-15% slump on current prices.

Also many more people are moving out of the city...as such the outlying areas are likely to remain steady and creep up slightly.

 


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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 12 Mar 18 11.17am Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by Lyons550

The markets been softening for about a year now and will remain flat until after Brexit. We'll likely continue to see a dip/fall for 24months until confidence post brexit starts to gain momentumn again.

I'd expect to see a 10-15% slump on current prices.

Also many more people are moving out of the city...as such the outlying areas are likely to remain steady and creep up slightly.

Many are moving out? Any main reasons or factors?

Who's moving in? Just professionals from elsewhere in Britain and the world or nobody and left empty as investments?

I do wonder how the trend of moving in will reverse but I suppose London is becoming so gentrified and clean it'll just be different people or at different stages of life. It does make me wonder why some want to live near cafes, bars and restaurants when some have no disposable income to spend.

 


COYP

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View DanH's Profile DanH Online Flag SW2 12 Mar 18 12.04pm Send a Private Message to DanH Add DanH as a friend

Originally posted by Rudi Hedman

Many are moving out? Any main reasons or factors?

Who's moving in? Just professionals from elsewhere in Britain and the world or nobody and left empty as investments?

I do wonder how the trend of moving in will reverse but I suppose London is becoming so gentrified and clean it'll just be different people or at different stages of life. It does make me wonder why some want to live near cafes, bars and restaurants when some have no disposable income to spend.

I've recently moved out of London and quite a few people I know my age have too. I'm early 30s and the main reason was because of house prices. We also moved out to be closer to my fiancée's family but house prices were the main driver.

 


Tw@tter:

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View Matov's Profile Matov Flag 12 Mar 18 1.08pm Send a Private Message to Matov Add Matov as a friend

I would label what is happening as more an over-due price correction than crash. All the basics are still pointing to there being more demand than supply and with interest rates so low, investing spare cash in bricks and mortar still makes a lot of sense.

And there still remains the strong desire for people to get on the property ladder. Its part of our national DNA, for right or wrong.

 

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View Midlands Eagle's Profile Midlands Eagle Flag 12 Mar 18 1.45pm Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by Rudi Hedman

It does make me wonder why some want to live near cafes, bars and restaurants when some have no disposable income to spend.

In 1984 I relocated from Haywards Heath to Newcastle Upon Tyne and recall being told that the uptake of new technology for playing music (the CD player) was far higher in the North East as they had so much more disposable income than impoverished Southerners with their hefty mortgage repayments and season ticket prices.

The Bentley dealer in Durham also sold more Bentleys than any other dealership in the UK for similar reasons.

Things have obviously changed a great deal since then with the invention of the internet as loads of people now earn their living from the internet and have no reason to be physically tied to one place for work reasons

 

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View dreamwaverider's Profile dreamwaverider Flag Chelsea 12 Mar 18 1.57pm Send a Private Message to dreamwaverider Add dreamwaverider as a friend

I sold the last of my bricks and mortar last month as I am expecting a serious slump.
This country is looking bleak.

 

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View kenners46's Profile kenners46 Flag sydenham village 12 Mar 18 1.58pm Send a Private Message to kenners46 Add kenners46 as a friend

Give it another 5 or so years and ill be looking at moving out of London, i dont think the prices will drop too much here in Sydenham with the introduction of the Overground a couple of years back.

 

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 12 Mar 18 1.59pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by Midlands Eagle

In 1984 I relocated from Haywards Heath to Newcastle Upon Tyne and recall being told that the uptake of new technology for playing music (the CD player) was far higher in the North East as they had so much more disposable income than impoverished Southerners with their hefty mortgage repayments and season ticket prices.

The Bentley dealer in Durham also sold more Bentleys than any other dealership in the UK for similar reasons.

Things have obviously changed a great deal since then with the invention of the internet as loads of people now earn their living from the internet and have no reason to be physically tied to one place for work reasons

A property portfolio can multiply up north quicker and in most other businesses there was probably less competition to knock anyone successful with capital to play with off their perch, especially in the '80s.

Old money isn't the holiday it once was.

 


COYP

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 12 Mar 18 2.00pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Where's the favoured distance or general area people are thinking of moving from south London to?

 


COYP

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View kenners46's Profile kenners46 Flag sydenham village 12 Mar 18 2.11pm Send a Private Message to kenners46 Add kenners46 as a friend

Originally posted by Rudi Hedman

Where's the favoured distance or general area people are thinking of moving from south London to?


I have two locations, one Norfolk and the other Scotland but i think the novelty of Scotland will wear off after a few months

 

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View croydon proud's Profile croydon proud Flag croydon 12 Mar 18 6.18pm Send a Private Message to croydon proud Add croydon proud as a friend

Originally posted by dreamwaverider

I sold the last of my bricks and mortar last month as I am expecting a serious slump.
This country is looking bleak.

Bleak indeed!

 

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