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The Great London House-Price Softening
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 Jacey  07 Apr 21 9.02pm |
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Virtually every property listed on Rightmove is either sold or under offer in this extraordinary market where buyer demand has reached an all time high.
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PalazioVecchio  south pole 07 Apr 21 9.34pm |
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Originally posted by Jacey
Virtually every property listed on Rightmove is either sold or under offer in this extraordinary market where buyer demand has reached an all time high. i reckon either we will see a. Covid has made things very volatile. People working from home is now a reality. And that will really crucify housing in big cities. You know any large cities ? The future will be 'work from your cottage in the cotswolds or the sticks' for 3 or 4 days a week. And report in to head office in Zone One, maybe once a week, or once a month. The Travelodges at Croydon/Gatwick will be booming. Why bother owning a house in London if you are away from it 90% of the time ? Liquidise the asset and get yourself something nice, someplace with friendly neighbours, the space to have a garden & a dog & parking for 2 or 3 cars.
Kayla did Anfield & Old Trafford |
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cryrst  The garden of England 07 Apr 21 9.37pm |
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Originally posted by PalazioVecchio
i reckon either we will see a. Covid has made things very volatile. People working from home is now a reality. And that will really crucify housing in big cities. You know any large cities ? The future will be 'work from your cottage in the cotswolds or the sticks' for 3 or 4 days a week. And report in to head office in Zone One, maybe once a week, or once a month. The Travelodges at Croydon/Gatwick will be booming. Why bother owning a house in London if you are away from it 90% of the time ? Liquidise the asset and get yourself something nice, someplace with friendly neighbours, the space to have a garden & a dog & parking for 2 or 3 cars. A dog! nah 4 cars no dog.
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| Eaglecoops CR3 08 Apr 21 9.55am |
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Originally posted by PalazioVecchio
i reckon either we will see a. Covid has made things very volatile. People working from home is now a reality. And that will really crucify housing in big cities. You know any large cities ? The future will be 'work from your cottage in the cotswolds or the sticks' for 3 or 4 days a week. And report in to head office in Zone One, maybe once a week, or once a month. The Travelodges at Croydon/Gatwick will be booming. Why bother owning a house in London if you are away from it 90% of the time ? Liquidise the asset and get yourself something nice, someplace with friendly neighbours, the space to have a garden & a dog & parking for 2 or 3 cars. Houses that were £400k-£430k 18 months ago are now £500k-£550k. Spoke with Fine and Country last week and he says it's his best year of sales ever and that he has virtually no stock. Even houses that have stuck are flying off the books. There is something to say about getting out of London. My neice has been trying to sell her Wandsworth flat for months, but there are loads for sale and she only got one viewing. She has reluctantly rented it out instead. Compare that with anywhere south of Croydon where prices are shooting up and selling like hot cakes. As for a crash, that will wholly depend on interest rates. If they suddenly shoot up to 5%-6% then expect to see a load of keys handed into building societies and banks and a rapid softening of prices.
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| SW17 Eagle Tooting 08 Apr 21 10.41am |
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Originally posted by PalazioVecchio
i reckon either we will see a. Covid has made things very volatile. People working from home is now a reality. And that will really crucify housing in big cities. You know any large cities ? The future will be 'work from your cottage in the cotswolds or the sticks' for 3 or 4 days a week. And report in to head office in Zone One, maybe once a week, or once a month. The Travelodges at Croydon/Gatwick will be booming. Why bother owning a house in London if you are away from it 90% of the time ? Liquidise the asset and get yourself something nice, someplace with friendly neighbours, the space to have a garden & a dog & parking for 2 or 3 cars. Because your asset will be worth more than an asset in a provincial town with poor transport links & dominated by car ownership
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ASCPFC  Pro-Cathedral/caravan park 08 Apr 21 12.13pm |
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House prices up everywhere. Lack of building making a massive supply issue. More false house price inflation totally focking over our future generations. Renting needs the Scandinavian model, then buy to let could end, or certainly decrease. Sorry all you HOL landlords.
Red and Blue Army! |
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| croydon proud Any european country i fancy! 08 Apr 21 2.51pm |
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Lots of houses croydon way going for above the asking price, and mainly asians viewing, flats aren"t shifting at all, must be lockdown/garden fever.
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| cryrst The garden of England 08 Apr 21 4.39pm |
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Originally posted by croydon proud
Lots of houses croydon way going for above the asking price, and mainly asians viewing, flats aren"t shifting at all, must be lockdown/garden fever. How do you know this CP?
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| croydon proud Any european country i fancy! 08 Apr 21 5.43pm |
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Originally posted by cryrst
How do you know this CP? Know a couple of agents and family member just put house on market and it went next day above asking price.Had lots of viewings, all except one asian, good school catchment area to be fair and thats the draw i think.
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| cryrst The garden of England 08 Apr 21 5.52pm |
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Originally posted by croydon proud
Know a couple of agents and family member just put house on market and it went next day above asking price.Had lots of viewings, all except one asian, good school catchment area to be fair and thats the draw i think. Gazumping eh. How much more in green backs.
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| cryrst The garden of England 08 Apr 21 5.52pm |
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Originally posted by croydon proud
Know a couple of agents and family member just put house on market and it went next day above asking price.Had lots of viewings, all except one asian, good school catchment area to be fair and thats the draw i think. Gazumping eh. How much more in green backs
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| croydon proud Any european country i fancy! 08 Apr 21 5.57pm |
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Originally posted by cryrst
Gazumping eh. How much more in green backs About 10k, and had another on the nose offer to, but they are paying above as well for next place to mate.
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