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December 14 2018 7.05pm

The Great London House-Price Softening

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View NickinOX's Profile NickinOX Flag Sailing country. 02 Aug 18 1.33pm Send a Private Message to NickinOX Add NickinOX as a friend

Originally posted by Lyons550

Went up again weekend before last (having liked what i saw previously); viewed another 6 properties and just had an offer accepted on one. Even the kids loved the area...and they were the sceptics before going up there to have a look around...

The area from Hull to Goole, north to York and then east to the coast is affordable and really nice. Some good schools too.

 


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View Midlands Eagle's Profile Midlands Eagle Flag 02 Aug 18 2.02pm Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by PalazioVecchio

interest rates just up .25 %.

About time too as not all of us are borrowers and savers have had a very poor time of it lately.

Anyone fortunate enough to win £1m on the lottery could put it all on deposit and live off the £40 per month interest

 

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 02 Aug 18 2.31pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by Midlands Eagle

About time too as not all of us are borrowers and savers have had a very poor time of it lately.

Anyone fortunate enough to win £1m on the lottery could put it all on deposit and live off the £40 per month interest

25% of £1 mil is £2,500 and a twelfth of that is £208.

Better yield in renting out property, especially with zero mortgage costs.

 


COYP

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View Tom-the-eagle's Profile Tom-the-eagle Flag Croydon 02 Aug 18 2.53pm Send a Private Message to Tom-the-eagle Add Tom-the-eagle as a friend

Originally posted by Rudi Hedman

25% of £1 mil is £2,500 and a twelfth of that is £208.

Better yield in renting out property, especially with zero mortgage costs.

What do you mean by zero Mortgsge costs Rudi?

 


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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 02 Aug 18 3.02pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by Tom-the-eagle

What do you mean by zero Mortgsge costs Rudi?

We were debating investing £1 mil of your own cash, not borrowing, therefore no mortgage, and the fact that rental yields are higher than bank yields.

 


COYP

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View europalace's Profile europalace Flag Europe 02 Aug 18 4.00pm Send a Private Message to europalace Add europalace as a friend

Friend of mine just sold a 2 bed flat near London Bridge. Bought it 3 years ago for £530,000, sold it last week for £460,000. Was on the market for more than 6 months. Lots of competing properties for sale hanging around for a long time. Prices falling faster than people think in London, which of course will as aways ripple outwards as usual. Interest rate rise will just compound the stagnant/falling market.

Edited by europalace (02 Aug 2018 4.01pm)

 

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View Lyons550's Profile Lyons550 Flag Shirley 02 Aug 18 4.07pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by europalace

Friend of mine just sold a 2 bed flat near London Bridge. Bought it 3 years ago for £530,000, sold it last week for £460,000. Was on the market for more than 6 months. Lots of competing properties for sale hanging around for a long time. Prices falling faster than people think in London, which of course will as aways ripple outwards as usual. Interest rate rise will just compound the stagnant/falling market.

Edited by europalace (02 Aug 2018 4.01pm)


No they're not...the falling just as a lot of people (other than the uninitiated) anticipated.

People having been moving out to the suburbs in their droves over the last 6yrs or so pushing those areas up...its only the foreign investors that have been keeping the city prices up.

Its the midlands and the North (mainly the North West) that's continuing to rise.

 


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View Lyons550's Profile Lyons550 Flag Shirley 02 Aug 18 4.11pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by Tom-the-eagle

What do you mean by zero Mortgsge costs Rudi?

I picked up on that as well Tom; but i'm assuming he means mortgage free rather than being able to offset mortgage interest, which unless in a Ltd Company you wont be able to do in a couple of years time

 


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View .TUX.'s Profile .TUX. Flag 03 Aug 18 10.19pm Send a Private Message to .TUX. Add .TUX. as a friend

Originally posted by europalace

Friend of mine just sold a 2 bed flat near London Bridge. Bought it 3 years ago for £530,000, sold it last week for £460,000. Was on the market for more than 6 months. Lots of competing properties for sale hanging around for a long time. Prices falling faster than people think in London, which of course will as aways ripple outwards as usual. Interest rate rise will just compound the stagnant/falling market.

Edited by europalace (02 Aug 2018 4.01pm)

Nice to agree for once and it'll only get worse (as we are seeing globally).

As for the interest rate rise, Carney has been banging-on for the past 2yrs about the damage the referendum result could cause to our economy so what does he go and do............take more money from the populous to 'feed the greed' that is the banking system! The sad part being that people still fall for it.
Why do this when household debt is already at record levels? More wealth confiscation from the masses. They've deliberately drained the savers for almost a decade and now it's the turn of the rest.
Tough times coming to a 'screen near you soon' methinks.

Sadly.

 


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View .TUX.'s Profile .TUX. Flag 04 Aug 18 5.58pm Send a Private Message to .TUX. Add .TUX. as a friend

UK “Housing Downturn” Pushes Biggest Real-Estate Agency with 10,000 Employees to Brink, Shares Collapse.

[Link]

 


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View PalazioVecchio's Profile PalazioVecchio Flag south pole 27 Oct 18 2.28pm Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

and the softening continues apace. At this rate a London house will be worth a dacha in rural Ukraine soon. Rumour is that all the Russian money in central London is in flight.

[Link]

Edited by PalazioVecchio (27 Oct 2018 2.37pm)

 


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View Cucking Funt's Profile Cucking Funt Flag Back in the jug agane 27 Oct 18 4.34pm Send a Private Message to Cucking Funt Add Cucking Funt as a friend

I think I'm getting out just in time.

 

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