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April 29 2024 2.29am

London, UK & World House-Prices

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 16 Jun 23 6.45pm Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

if you know any Brighton fans, tell them its a good time to buy a big house


[Link]

 


Eze Peasy at Anfield....

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View georgenorman's Profile georgenorman Flag 21 Jun 23 9.46am Send a Private Message to georgenorman Add georgenorman as a friend

All the debate about whether the Bank of England should raise interest rates again, or whether the government should take back control of interest rates.

What should happen is that neither should set interest rates. The market should set interest rates. If that had been the case we would have a lower inflation rate now and house prices would be much lower.

 

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View Hrolf The Ganger's Profile Hrolf The Ganger Flag 21 Jun 23 10.25am Send a Private Message to Hrolf The Ganger Add Hrolf The Ganger as a friend

The people to blame for the current crisis are, oddly enough, the people blaming Brexit.

The Bank of England was telling us that inflation would not be a problem and did not raise interest rates when they should have.

Now they keep raising the rate without waiting for the effects of previous rises to kick in.

Governments have screwed farmers and manufacturers in this country for years, and now we are too reliant on imports. That drives up costs in times of trouble.

Perhaps the idiots still campaigning against Brexit and deflecting blame should focus on fixing the problems they created in the first place.

 

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View Palace Old Geezer's Profile Palace Old Geezer Flag Midhurst 21 Jun 23 10.59am Send a Private Message to Palace Old Geezer Add Palace Old Geezer as a friend

I really don't understand the housing market other than to agree with Palazio in his opening post when he said 'it's bonkers'.

Yesterday, purely out of curiosity, I looked on Zoopla to see how they estimated the value of Chez Geezer. According to their reckoning, our property, which we moved into 12 years ago, has increased in value by 58%.

We have no intention of selling and neither do I believe the estimated value applied by Zoopla. But, even if the value has increased half as much as the Zoopla estimate, a 29% increase on our investment is still mega compared with the amount my tiny savings with the Nationwide have earnt in the same period.

 


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 Hrolf The Ganger's Profile Hrolf The Ganger Flag 21 Jun 23 11.23am Send a Private Message to Hrolf The Ganger Add Hrolf The Ganger as a friend

Originally posted by Palace Old Geezer

I really don't understand the housing market other than to agree with Palazio in his opening post when he said 'it's bonkers'.

Yesterday, purely out of curiosity, I looked on Zoopla to see how they estimated the value of Chez Geezer. According to their reckoning, our property, which we moved into 12 years ago, has increased in value by 58%.

We have no intention of selling and neither do I believe the estimated value applied by Zoopla. But, even if the value has increased half as much as the Zoopla estimate, a 29% increase on our investment is still mega compared with the amount my tiny savings with the Nationwide have earnt in the same period.

The population is rising at an insane rate, and builders deliberately limit supply of housing to inflate prices.

A lot of houses that are built are not affordable for first time buyers or even those looking to move up the ladder, so those that are built don't really help much anyway.

What does happen is people move from London to less expensive areas where they can afford bigger houses.

Where I live, houses are being built everywhere you look. The countryside is gradually being eroded, bigger roads needed, traffic increases, doctors and dental appointments become harder to get and so on.

Welcome to modern Britain, where mass immigration is steadily destroying all the things that were nice about this country.

 

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View cryrst's Profile cryrst Flag The garden of England 21 Jun 23 5.28pm Send a Private Message to cryrst Add cryrst as a friend

Originally posted by Palace Old Geezer

I really don't understand the housing market other than to agree with Palazio in his opening post when he said 'it's bonkers'.

Yesterday, purely out of curiosity, I looked on Zoopla to see how they estimated the value of Chez Geezer. According to their reckoning, our property, which we moved into 12 years ago, has increased in value by 58%.

We have no intention of selling and neither do I believe the estimated value applied by Zoopla. But, even if the value has increased half as much as the Zoopla estimate, a 29% increase on our investment is still mega compared with the amount my tiny savings with the Nationwide have earnt in the same period.

In 22 years mine has gone up over 300%. The issue is my kids won’t pissoff so it’s worth the sum of nothing atm. When they go I’m leaving a note on the door. We’ve sold up and spunking your inheritance on holidays and booze. I do love my chavvys

 

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View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 21 Jun 23 7.08pm Send a Private Message to ASCPFC Add ASCPFC as a friend

Originally posted by Palace Old Geezer

I really don't understand the housing market other than to agree with Palazio in his opening post when he said 'it's bonkers'.

Yesterday, purely out of curiosity, I looked on Zoopla to see how they estimated the value of Chez Geezer. According to their reckoning, our property, which we moved into 12 years ago, has increased in value by 58%.

We have no intention of selling and neither do I believe the estimated value applied by Zoopla. But, even if the value has increased half as much as the Zoopla estimate, a 29% increase on our investment is still mega compared with the amount my tiny savings with the Nationwide have earnt in the same period.

The issue is though, that if you move, houses have gone up just as much everywhere else. The homeowners are not the winners here, and our kids are certainly not. It's funny to think there used to be a stigma surrounding council houses, yet anyone could get one within a reasonable time. That seems like a different world altogether now.

 


Red and Blue Army!

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 22 Jun 23 2.16pm Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

Interest Rates just jumped up 0.5......... which is a stake through the heart of the property market Vampire.

 


Eze Peasy at Anfield....

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View Behind Enemy Lines's Profile Behind Enemy Lines Flag Sussex 22 Jun 23 2.36pm Send a Private Message to Behind Enemy Lines Add Behind Enemy Lines as a friend

Originally posted by Hrolf The Ganger

The population is rising at an insane rate, and builders deliberately limit supply of housing to inflate prices.

A lot of houses that are built are not affordable for first time buyers or even those looking to move up the ladder, so those that are built don't really help much anyway.

What does happen is people move from London to less expensive areas where they can afford bigger houses.

Where I live, houses are being built everywhere you look. The countryside is gradually being eroded, bigger roads needed, traffic increases, doctors and dental appointments become harder to get and so on.

Welcome to modern Britain, where mass immigration is steadily destroying all the things that were nice about this country.

Sounds like you live in the same part of the country as me. In my village we have just had two housing estates approved on appeal by HM Government, to go along with the two brownfield sites already approved. Affordable is always thrown at objections but nobody can explain how they calculate affordable and what it actually means. To add frustration, the Last ONS figures (2021?), show that every local authority in the region has had a higher percentage of houses built than increases in population…so where is the need?
My theory is that it is a hidden government policy to build and build as this creates jobs for a whole raft of industries, which means more money for ‘the system’. There is little requirement locally for the houses being built as was confirmed by a trawl of local estate agents who could see that the demand was from people moving out of London. So who’s filling the vacant properties in London?

 


hats off to palace, they were always gonna be louder, and hate to say it but they were impressive ALL bouncing and singing.

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View steeleye20's Profile steeleye20 Flag Croydon 22 Jun 23 3.42pm Send a Private Message to steeleye20 Add steeleye20 as a friend

Totally wrong from the Bank of England, inflation was set to fall to around 6% by the end of this year, even before Sunak took office.

That is bad enough, but stifling and forcing the economy into recession depressing the economy will make everything worse.

And this is not driven by wages, as the bank pretends, but themselves, wealthy companies cashing in and the government.

There is no end to their front, they are awarding themselves a big pay rise for their incompetence while everybody except them suffers.

It is actually being driven by interest rates, what could be more inflationary than 14 rate hikes?

Did any of them work?

NO they did not.



 

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View EverybodyDannsNow's Profile EverybodyDannsNow Flag SE19 22 Jun 23 3.55pm Send a Private Message to EverybodyDannsNow Add EverybodyDannsNow as a friend

Originally posted by Behind Enemy Lines

Sounds like you live in the same part of the country as me. In my village we have just had two housing estates approved on appeal by HM Government, to go along with the two brownfield sites already approved. Affordable is always thrown at objections but nobody can explain how they calculate affordable and what it actually means. To add frustration, the Last ONS figures (2021?), show that every local authority in the region has had a higher percentage of houses built than increases in population…so where is the need?
My theory is that it is a hidden government policy to build and build as this creates jobs for a whole raft of industries, which means more money for ‘the system’. There is little requirement locally for the houses being built as was confirmed by a trawl of local estate agents who could see that the demand was from people moving out of London. So who’s filling the vacant properties in London?

Demand for properties, particularly rental properties, in London remains astronomically high - this high demand in the midst of relatively low supply of properties, is the prime driver of the explosion in rents of late, more so than legislative changes or mortgage rates.

There are plenty of people filling the vacant properties in London.

 

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View Spiderman's Profile Spiderman Flag Horsham 22 Jun 23 4.11pm Send a Private Message to Spiderman Add Spiderman as a friend

Originally posted by Behind Enemy Lines

Sounds like you live in the same part of the country as me. In my village we have just had two housing estates approved on appeal by HM Government, to go along with the two brownfield sites already approved. Affordable is always thrown at objections but nobody can explain how they calculate affordable and what it actually means. To add frustration, the Last ONS figures (2021?), show that every local authority in the region has had a higher percentage of houses built than increases in population…so where is the need?
My theory is that it is a hidden government policy to build and build as this creates jobs for a whole raft of industries, which means more money for ‘the system’. There is little requirement locally for the houses being built as was confirmed by a trawl of local estate agents who could see that the demand was from people moving out of London. So who’s filling the vacant properties in London?

Ridiculous amount of building in my area of West Sussex, none is affordable housing. Between Horsham and Guildford they are creating an estate of 5-6 bedroom houses! Ridiculous. They have just started a mega housing project on the Dunsfold aerodrome land, which I suspect will be similar.
Luckily the plans to build in local public golf course have been scuppered by a report regarding lack of water reserves

 

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