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December 12 2018 2.42am

The Great London House-Price Softening

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View Penge Eagle's Profile Penge Eagle Flag Beckenham 23 Mar 18 8.23pm Send a Private Message to Penge Eagle Holmesdale Online Elite Member Add Penge Eagle as a friend

Originally posted by SeagullHunter

Interesting perspective from a mate who worked for a large commercial property firm. They have done an extensive report on future of London house market through extensive financial models, inclusion of environmental reports, political climates etc etc. -

8% annual growth on avg London house price growth pre-brexit since 80s.
1% in 2016
0.5% in 2017
They reckon post 2018 we'll see first negative slips since 80s.

But still 50 year old Carling drinkers will support Brexit being economically beneficial because they cant accept they were wrong haha

Edited by SeagullHunter (23 Mar 2018 1.46pm)

It's nothing to do with Brexit! If you can explain how then I'd like to hear it.

 

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View SeagullHunter's Profile SeagullHunter Flag Reading 25 Mar 18 4.21pm Send a Private Message to SeagullHunter Add SeagullHunter as a friend

Originally posted by Penge Eagle

It's nothing to do with Brexit! If you can explain how then I'd like to hear it.

[Link]

[Link]

"A significant effect of Brexit is subdued investor confidence"

to add:
- drop in demand for London housing as a result of more stringent regulations on EU nationals purchasing property etc.
- Sterling 6% weaker since the vote to leave (which although should entice investment, UK/London has lost its allure)
- list goes on

I'm not saying its purely Brexit. Of course the fears of rates hikes, rise in inflation and stretched income all have played their parts. Im='m purely saying Brexit has played a large toll in the damaging of the economy (and the London/UK housing market). For young people like myself, seeing the prices drop are a good thing, I am purely making a point that Brexit clearly hasn't benefited those it aimed to - and the facts coming out of Cambridge Analytica scandal point to more issues with a fragmented British society (easy to target racists to sway their votes), rather than London house prices.

 


Dont let Cabaye go

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View chris123's Profile chris123 Flag caterham 25 Mar 18 5.40pm Send a Private Message to chris123 Add chris123 as a friend

Originally posted by SeagullHunter

[Link]

[Link]

"A significant effect of Brexit is subdued investor confidence"

to add:
- drop in demand for London housing as a result of more stringent regulations on EU nationals purchasing property etc.
- Sterling 6% weaker since the vote to leave (which although should entice investment, UK/London has lost its allure)
- list goes on

I'm not saying its purely Brexit. Of course the fears of rates hikes, rise in inflation and stretched income all have played their parts. Im='m purely saying Brexit has played a large toll in the damaging of the economy (and the London/UK housing market). For young people like myself, seeing the prices drop are a good thing, I am purely making a point that Brexit clearly hasn't benefited those it aimed to - and the facts coming out of Cambridge Analytica scandal point to more issues with a fragmented British society (easy to target racists to sway their votes), rather than London house prices.


If you take average spend - mortgage interest has been low for a long time, add supermarket price competition and pretty low oil prices for a prolonged period - for most people income has not been hit like it was in the 70's for example.

 

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 12 Apr 18 1.48pm Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

but still not yet a crash !!

[Link]

 


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View Lyons550's Profile Lyons550 Flag Shirley 12 Apr 18 2.09pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by PalazioVecchio

but still not yet a crash !!

[Link]

Misleading headline..technically correct (as the majority of those years saw increases)...but in context it's a small drop...its all about context.

 


The Voice of Reason In An Otherwise Mediocre World

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View SeagullHunter's Profile SeagullHunter Flag Reading 12 Apr 18 2.56pm Send a Private Message to SeagullHunter Add SeagullHunter as a friend

Originally posted by PalazioVecchio

but still not yet a crash !!

[Link]

As I said, I strongly believe prices to continue to fall over next 2-3 year period, probably steady in the Medium Term. We all know the was overvalued so its devaluation wasn't a surpise for some, the same with the london housing market. For me its been well overdue and now with the exit of many EU nationals, prices will continue to fall with increasing supply and decreasing demand.

 


Dont let Cabaye go

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View Tom-the-eagle's Profile Tom-the-eagle Flag Croydon 12 Apr 18 3.04pm Send a Private Message to Tom-the-eagle Add Tom-the-eagle as a friend

General pattern is London will dip slightly, South East will remain stable with no real growth whilst the rest of the country will remain strong with slight rises.

 


"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 12 Apr 18 3.06pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by SeagullHunter

As I said, I strongly believe prices to continue to fall over next 2-3 year period, probably steady in the Medium Term. We all know the was overvalued so its devaluation wasn't a surpise for some, the same with the london housing market. For me its been well overdue and now with the exit of many EU nationals, prices will continue to fall with increasing supply and decreasing demand.

Bl00dy good imo.

 


COYP

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View Lyons550's Profile Lyons550 Flag Shirley 13 Apr 18 12.22pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by Tom-the-eagle

General pattern is London will dip slightly, South East will remain stable with no real growth whilst the rest of the country will remain strong with slight rises.

Indeed. I'm going on a scouting mission up to Hull and the surrounding areas in a couple of weeks for that very reason.

 


The Voice of Reason In An Otherwise Mediocre World

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 13 May 18 10.05pm Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

down 3.1% in just the month of April , according to the Guardian !!

[Link]
.
[Link]

Edited by PalazioVecchio (13 May 2018 10.22pm)

 


34,300 reasons to love Selhurst in 2021

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View Midlands Eagle's Profile Midlands Eagle Flag 14 May 18 6.20am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by Lyons550

Indeed. I'm going on a scouting mission up to Hull and the surrounding areas in a couple of weeks for that very reason.

I've never been to Hull but a friend of wife's lives in a village just outside and they have the most beautiful home converted from a stable block

 

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View Lyons550's Profile Lyons550 Flag Shirley 14 May 18 12.29pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by Midlands Eagle

I've never been to Hull but a friend of wife's lives in a village just outside and they have the most beautiful home converted from a stable block

Have to say I was mightily impressed with the area and even HULL city centre itself. We looked at South Cave; North Ferriby and Beverly and they were all lovely. people were really friendly and the house prices ridiculously cheap in comparison with down here.

Brand new 5 bed house, 2.2k sq ft 425k.

We looked at both brand new and old houses (which we prefer due to the land that comes with them and the room proportions)

There's plenty of building going on, both residential and commercial so definitely looks like a place on the up.

 


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