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 Post subject: Re: London has popped.
PostPosted: Tue Mar 13, 2018 8:39 pm 
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Neo Landlord

Joined: May 21, 2017
Posts: 215
Big variations across London, many lower-cost areas increased, pricier areas dropped but Kensington is up.

Still, oligarchs won't like this headline in their favourite property supplement:
https://www.mansionglobal.com/articles/ ... -recession


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 Post subject: Re: London has popped.
PostPosted: Tue Mar 13, 2018 8:40 pm 
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IMF'd

Joined: Sep 13, 2007
Posts: 31894
Location: Tullamore
onioneater wrote:
blanchguy wrote:
mortgageboy wrote:
I recall a lot of people criticizing NAMA for selling London property (e.g., Battersea) too soon. If they'd held on till now, they probably couldn't shift it at all.


Surely you aren't suggesting that Mick Wallace has called the property market badly...



:lol:

And :lol: from me too.

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 Post subject: Re: London has popped.
PostPosted: Wed Mar 14, 2018 11:20 pm 
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Back Home with Mammy

Joined: Mar 1, 2017
Posts: 71
London popped about 3 years ago.


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 Post subject: Re: London has popped.
PostPosted: Thu Mar 15, 2018 2:40 am 
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Sosthenes wrote:
London popped about 3 years ago.


May I kindly refer you to the start of this very thread - viewtopic.php?f=11&t=62705 :x

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 Post subject: Re: London has popped.
PostPosted: Thu Mar 15, 2018 8:26 am 
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Real Estate Developer
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Posts: 871
Location: North Dublin
Open Window wrote:
Sosthenes wrote:
London popped about 3 years ago.


May I kindly refer you to the start of this very thread - viewtopic.php?f=11&t=62705 :x


So are we seeing an example for a “soft landing” here?


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 Post subject: Re: London has popped.
PostPosted: Thu Mar 15, 2018 10:10 am 
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Joined: Oct 29, 2007
Posts: 11790
Location: Multiverse
newirishman wrote:
Open Window wrote:
Sosthenes wrote:
London popped about 3 years ago.


May I kindly refer you to the start of this very thread - viewtopic.php?f=11&t=62705 :x


So are we seeing an example for a “soft landing” here?



The drops are getting droppier.


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 Post subject: Re: London has popped.
PostPosted: Thu Mar 15, 2018 7:58 pm 
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Under CAB Investigation

Joined: Feb 1, 2008
Posts: 2899
Location: God's Country
mr_anderson wrote:
newirishman wrote:
Open Window wrote:
Sosthenes wrote:
London popped about 3 years ago.


May I kindly refer you to the start of this very thread - viewtopic.php?f=11&t=62705 :x


So are we seeing an example for a “soft landing” here?



The drops are getting droppier.


The drooops are getting drooooopier?


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 Post subject: Re: London has popped.
PostPosted: Tue Mar 27, 2018 10:25 pm 
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Too Big to Fail

Joined: Aug 23, 2008
Posts: 3737
Location: Bogtrotterland!
UK homeowners moving far less often than in the past.

Quote:
http://www.bbc.com/news/business-43541990
Homeowners are moving half as often as they did before the credit crunch, figures produced for the BBC suggest.

Reasons include high house prices, stricter rules on getting mortgages and older people staying on in large properties.

People used to move house roughly four times after their first purchase. Now it is more like twice.

There is a boom in extending homes instead, as parents strive to create enough space to cram in their families.

"Those not trading up are the forgotten people of the housing market," said Lucian Cook, head of residential research at estate agent Savills.

"We've concentrated on first-time buyers. They get the concessions and all the focus has been on getting people onto the housing ladder."

Even so, Mr Cook said he was surprised at the results of research on moving, undertaken by Savills for BBC News, which showed:

Before 2008, homeowners moved, on average, 3.6 times, after buying their first property
In recent years, the slower pace of buying and selling suggests they will move, on average, 1.8 times over their lifetimes

Eddie Greenhalgh is extending his home in Burnage in Manchester in every direction he can and saving, he estimates, around £200,000 in the process.


Estate agents worst nightmare as fewer properties on the market mean fewer sales.

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 Post subject: Re: London has popped.
PostPosted: Thu Apr 12, 2018 7:09 am 
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Stamp duty and Brexit 'have killed London market', says Rics report.

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 Post subject: Re: London has popped.
PostPosted: Thu Apr 12, 2018 7:41 pm 
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Neo Landlord

Joined: May 21, 2017
Posts: 215
ps200306 wrote:


That report doesn't factor in the latest and biggest threat to premium London real estate

https://www.wsj.com/articles/u-k-ire-at ... 1521798378

And don't assume the Yanks won't use this weapon against e.g. Chinese billionaires.


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