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December 4 2023 9.07am

London, UK & World House-Prices

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View cryrst's Profile cryrst Flag The garden of England 28 Sep 22 9.44pm Send a Private Message to cryrst Add cryrst as a friend

Originally posted by PalazioVecchio

the levels of indifference to this topic, on here, is quite surprising.....

This next crash is going to hurt. Especially in any big wealthy cities.

[Link]

11 years and a day is how long they can chase you for a debt on a repossession.
I waited 11 years and 3 months and got another mortgage after a repo on a flat with negative equity. Only because I read an article that a couple who got back flush after a repo and negative equity and 8 years later the bank they owed money to tracked them down. Forced them to sell up and pay what they owed, with interest. A piece in the article said although the repo is gone after 6 years (as a debt) the owed money hasnít.
The debt dies in 11 years. Interesting eh ? It may have changed but small print can be invaluable! Maybe the internet had a bearing on them being found, user beware I reckon as we know we are being watched!

 

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 06 Nov 22 8.12am Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

The Times is predicting a 30% drop in prices.

 


you scumbag, you maggot, you cheap lousy Faggot

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View Henry of Peckham's Profile Henry of Peckham Flag Eton Mess 06 Nov 22 9.36am Send a Private Message to Henry of Peckham Add Henry of Peckham as a friend

Originally posted by PalazioVecchio

The Times is predicting a 30% drop in prices.

The market should react to interest rate hikes/ availability of mortgages eventually but I've been selling a property and havenít seen prices slip yet. They haven't risen in a few months but certainly have not gone down. Maybe the next cycle starting in Spring 2023 will see lower property prices?

 


Denial is not just a river in Egypt

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View Lanzo-Ad's Profile Lanzo-Ad Online Flag Lanzarote 06 Nov 22 9.44am Send a Private Message to Lanzo-Ad Add Lanzo-Ad as a friend

Originally posted by PalazioVecchio

hiya Lanzo Eagle, has the site of that volcano cooled yet ? and what effects on its local property prices.

Anybody wanna buy an acre of solidified basalt ? formerly somebody's nice house & garden.
''ah jaysus, and i had only just done the bleedin painting & decorating when the bloody volcano started''

Edited by PalazioVecchio (04 Sep 2022 7.00pm)

Don't buy in Playa Blanca if Timanfaya goes you can still see the lava stream that ran 250 years ago

 


RIP Dad, i will miss you terribly, at least you dont have to watch the Palace any more

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View the silurian's Profile the silurian Flag The garden of England.(not really) 06 Nov 22 10.00am Send a Private Message to the silurian Add the silurian as a friend

sounds like we sold our Truro house at just the right time then

 

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View Palace Old Geezer's Profile Palace Old Geezer Flag Midhurst 06 Nov 22 12.16pm Send a Private Message to Palace Old Geezer Add Palace Old Geezer as a friend

My daughter and son-in-law bought a new Bovis home near Petersfield about five years ago and paid around £450k for it.

Last Thurdsday an estate agent valued it at £750k. Good luck to her.

 


Dad and I watched games standing on the muddy slope of the Holmesdale Road end. He cheered and I rattled.

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View beak's Profile beak Flag croydon 06 Nov 22 12.33pm Send a Private Message to beak Add beak as a friend

Originally posted by PalazioVecchio

The Times is predicting a 30% drop in prices.

My son read the article and said it was a worst case prediction.

 

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 23 Jan 23 12.21pm Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

this commentator is very interesting ....

[Link]

 


you scumbag, you maggot, you cheap lousy Faggot

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View Eaglecoops's Profile Eaglecoops Flag CR3 23 Jan 23 12.45pm Send a Private Message to Eaglecoops Add Eaglecoops as a friend

Interestingly the price of property in Tenerife is booming. UK money is being replaced by Lithuanian, Polish and many other European nations.

For years the price of property here stayed fairly stable with little movement and most buyers looked at it as a lifestyle investment rather than a financial one. Now though prices are rising about10/15% per annum.

Some might consider it a market correction given the static market in previous years but prices here are now getting pretty expensive.

 

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View Eaglecoops's Profile Eaglecoops Flag CR3 23 Jan 23 1.08pm Send a Private Message to Eaglecoops Add Eaglecoops as a friend

Originally posted by PalazioVecchio

this commentator is very interesting ....

[Link]

Shock horror he is talking basic economics. Nothing unusual, only affects those who have to sell. Might mean an improved outcome for first time buyers but if you are moving on youíll just pass the reduction on from your sale to your purchase otherwise the deal will fall through.

We have been through this cycle twice already in my lifetime including the 15% interest rates, itís part of the banks plan to get interest rates back to normal and make the average person on the street that little bit poorer. They do love doing that.

The cynic in me says the super rich will just mop up any property where they are desperate to sell. The internet is already littered with small companies looking to offer you cash for your home at massively reduced prices.

Answer is simple, if you donít need to move and can afford to live where you currently are, stay put.

 

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View YT's Profile YT Flag Oxford 23 Jan 23 1.20pm Send a Private Message to YT Add YT as a friend

Originally posted by PalazioVecchio

this commentator is very interesting ....

[Link]

That's a matter of opinion. I didn't find it interesting.

 


Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)

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View Willo's Profile Willo Online Flag South coast - west of Brighton. 23 Jan 23 1.30pm Send a Private Message to Willo Add Willo as a friend

Originally posted by Eaglecoops

Interestingly the price of property in Tenerife is booming. UK money is being replaced by Lithuanian, Polish and many other European nations.

For years the price of property here stayed fairly stable with little movement and most buyers looked at it as a lifestyle investment rather than a financial one. Now though prices are rising about10/15% per annum.

Some might consider it a market correction given the static market in previous years but prices here are now getting pretty expensive.

A few months ago I was in conversation with a charming gentleman who is resident in Tenerife.
He informed my that some luxury apartments built in a development in Los Gigantes have all been sold for prices between £750,000 and £1.25 Mill.

 

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