BOOMED: House Prices!

[Whorty]

I think one of our esteemed mods was looking earlier this year

I'm sure I could do them a good deal

[ladymuck]

People choosing to leave cities has nothing to do with ethnicity as the racists think, it's all to do with wanting more space for the family. As it's become more accepted to WFH some people have more choice on where they can live. This obviously doesn't fit the narrative of the racists though

I'm the opposite, I'll be looking to move from this village/countryside back to the city. Kind of hoping the village property prices have risen more than city flats .... anyone looking for a 6 bed, 4 bath, 0.5 acre property with 3300 sqr ft space in SW?

I think one of our esteemed mods was looking earlier this year

[Whorty]

It's hard to imagine white flight is happening in London.

In fact, London prices are doing rather well: Islington records UK's highest house price growth of 2020 at 13.4% | Money | The Guardian

We'll see if new ways of working stick and if people want to escape London etc. (I did think it would happen).

People choosing to leave cities has nothing to do with ethnicity as the racists think, it's all to do with wanting more space for the family. As it's become more accepted to WFH some people have more choice on where they can live. This obviously doesn't fit the narrative of the racists though

I'm the opposite, I'll be looking to move from this village/countryside back to the city. Kind of hoping the village property prices have risen more than city flats .... anyone looking for a 6 bed, 4 bath, 0.5 acre property with 3300 sqr ft space in SW?

[TheGreenBastard]

It's hard to imagine white flight is happening in London.

In fact, London prices are doing rather well: Islington records UK's highest house price growth of 2020 at 13.4% | Money | The Guardian

We'll see if new ways of working stick and if people want to escape London etc. (I did think it would happen).

[Whorty]

The BBC knows we all know what "changing preferences" means.

Really? In your racist mind, maybe, but to me it means something else completely.

[SueEllen]

"changing preferences" == White flight

If he's brought over a kebab shop he's clearly done the opposite and trying to fit in like a good immigrant.

[minestrone]

The BBC knows we all know what "changing preferences" means.

[Whorty]

"changing preferences" == White flight

Why the need for a racist comment?

[minestrone]

Land registry transactions are probably about 40% of where they usually are.

The nationwide are presenting a picture of normalcy based upon a section of the market that can still get credit.

[minestrone]

"changing preferences" == White flight

[AtW]

I was convinced the house prices will crash for at least 15 years, right until the moment I bought my luxury bedsit over a kebab shop - now I am a permabull

[minestrone]

You spent 6 months telling us they were going to go down.

[AtW]

"UK house prices see highest growth in six years in 2020"

UK house prices climbed 7.5% in 2020, the highest growth rate for six years, building society Nationwide found.

Prices ended the year 5.3% above the level prevailing in March, a resilience that seemed unlikely at the start of the pandemic, it said.

Housing demand has been buoyed by a raft of policy measures and changing preferences due to the pandemic.

House prices were 0.8% higher in December than November, with the average property valued at £230,920."

UK house prices see highest growth in six years in 2020 - BBC News

Luxury bedsits over kebab shops doing particular well!