Reply to: Results just in! - House price decline accelerates

[Solidec]

Some realy nice places in The Wharf, now that the companies have cancelled their corporate lets. Some going for < £250 a week.

Why would anyone want to live in that ghosttown? Nothing to do there, its bloody miserable!

[alreadypacked]

Indeed

fickle bunch we are!

I just hope rents continue to fall in Central London. Am fixed in till november, hoping to upgrade for an extra room for near the same money.

Any folks care to speculate on the C London rental market (flats) ?

Some realy nice places in The Wharf, now that the companies have cancelled their corporate lets. Some going for < £250 a week.

[Solidec]

Prices will rise next year but we have to get through the recession and change the government first. If you don't sell, then house prices do not affect you, and most people are not selling.

Still deluded!

[Cyberman]

Prices will rise next year but we have to get through the recession and change the government first. If you don't sell, then house prices do not affect you, and most people are not selling.

[TimberWolf]

A nice 2 bed cottage with a studio in the back garden had 14 people round to view it in the first weekend. Went to sealed final bids in a couple of days.

Did the 14 people arrive together?

That's the way it is with flats. You rent it out and 14 people move in.

[DimPrawn]

As long as they focus on irrelevances like pensions and bonuses though, prices will continue to free-fall.

Good!

[PM-Junkie]

http://www1.landregistry.gov.uk/asse...rt2732009e.pdf

You can't read too much into the gradient of a graph like that. A big factor is the fact that the banking system is screwed. If politicians and central banks ever get off their fat, incompetent arses and actually address that, I would expect the rate of fall to lessen dramatically, and probably bottom out.

As long as they focus on irrelevances like pensions and bonuses though, prices will continue to free-fall.

[DimPrawn]

Full details. Look at the graphs. Near the bottom? Not!

http://www1.landregistry.gov.uk/asse...rt2732009e.pdf

[minestrone]

No idea, not gonna speculate.

Am happy to rent until the right property at a price I can live with comes up. And I am sure it will. meanwhile, keep stashing away cash for deposit.

Wait and See is my outlook for now

May well be forced to buy if I end up caving to pressure and marrying the girlfriend, she has no interest in living in rented accomodation

That is very much my situation, I am trying to tell her that waiting a year could mean retiring 5 years earlier. She can't seem to understand that with arguments like "I don't like the kitchen in this place". Bloody woman.

[sasguru]

Indeed

fickle bunch we are!

I just hope rents continue to fall in Central London. Am fixed in till november, hoping to upgrade for an extra room for near the same money.

Any folks care to speculate on the C London rental market (flats) ?

Don't know about C.London but elsewhere there's a glut of rental properties.
If not yet in London it will be.

[Solidec]

Funny how some men bow to "lady logic" even if they know better

Indeed

fickle bunch we are!

I just hope rents continue to fall in Central London. Am fixed in till november, hoping to upgrade for an extra room for near the same money.

Any folks care to speculate on the C London rental market (flats) ?

[sasguru]

Funny how some men bow to "lady logic" even if they know better

[Jog On]

No idea, not gonna speculate.

Am happy to rent until the right property at a price I can live with comes up. And I am sure it will. meanwhile, keep stashing away cash for deposit.

Wait and See is my outlook for now

May well be forced to buy if I end up caving to pressure and marrying the girlfriend, she has no interest in living in rented accomodation

Same here, still it's her deposit not mine

[Jog On]

Well I'm not going to wait until then but I'll make sure I'm very cash rich in time for it

[Solidec]

When do you think that will be?

No idea, not gonna speculate.

Am happy to rent until the right property at a price I can live with comes up. And I am sure it will. meanwhile, keep stashing away cash for deposit.

Wait and See is my outlook for now

May well be forced to buy if I end up caving to pressure and marrying the girlfriend, she has no interest in living in rented accomodation