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The Great London House-Price Softening
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 NickinOX  Sailing country. 02 Aug 18 1.33pm |
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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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Midlands Eagle  02 Aug 18 2.02pm |
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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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| Rudi Hedman Caterham 02 Aug 18 2.31pm |
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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.
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| Tom-the-eagle Croydon 02 Aug 18 2.53pm |
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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?
"It feels much better than it ever did, much more sensitive." John Wayne Bobbit |
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| Rudi Hedman Caterham 02 Aug 18 3.02pm |
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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.
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europalace  Europe 02 Aug 18 4.00pm |
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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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| Lyons550 Shirley 02 Aug 18 4.07pm |
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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)
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.
The Voice of Reason In An Otherwise Mediocre World |
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| Lyons550 Shirley 02 Aug 18 4.11pm |
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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
The Voice of Reason In An Otherwise Mediocre World |
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| .TUX. 03 Aug 18 10.19pm |
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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 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. Sadly.
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and it'll only get worse (as we are seeing globally).| .TUX. 04 Aug 18 5.58pm |
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UK “Housing Downturn” Pushes Biggest Real-Estate Agency with 10,000 Employees to Brink, Shares Collapse.
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PalazioVecchio  south pole 27 Oct 18 2.28pm |
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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. Edited by PalazioVecchio (27 Oct 2018 2.37pm)
Kayla did Anfield & Old Trafford |
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 Cucking Funt Clapham on the Back 27 Oct 18 4.34pm |
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I think I'm getting out just in time.
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