Reply to: House price poll

[BrianSnail]

I really don't care, I'll still be living where I am!

Hampster?

No, she's a guinea pig.

[DimPrawn]

Ahhh, but Surrey is immune. Hedge funds make money whether markets go up or down.

Eg.

http://www.waterfalls.co.uk/SearchResults.php?id=search

Page through these most expensive down. Most are under offer. No shortage of people with a £1Mish burning a hole in their pockets.

[Pickle2]

Pretty much anywhere in the Surrey region! Houses are selling in days after coming onto the market.

Ahhh, but Surrey is immune. Hedge funds make money whether markets go up or down.

[DimPrawn]

Which areas? Throw out a few postcodes.

Pretty much anywhere in the Surrey region! Houses are selling in days after coming onto the market.

Some examples where I have been looking:

CR6 9QA
GU15 2DS
RH5 6PU

[leeperry]

Go try and actually buy a house in a very very good area at a discount. There is a premium for the best parts of the SE and a queue of buyers willing to pay over asking price, even now.

I am actually looking as I have a deposit and am waiting to go, prices are still falling. For example Kensington and Chelsea has the biggest falls of any london borough.

http://news.bbc.co.uk/1/shared/spl/h...l/county37.stm

[Pickle2]

For example.

This one

Went on the market at 1.3m in september last year. Now at 1m.


Rightmove history from propertybee

History
date event
18 February 2009

* Status changed: from 'Available' to 'Premium Listing' [Found by n/a]

19 December 2008

* Price changed: £1,195,000 Offers in Excess of £1,000,000 [Found by n/a]
* Subtitle changed: from '4 bedroom detached' to '4 bedroom detached house ' [Found by n/a]

17 October 2008

* Price changed: from '£1,295,000' to '£1,195,000' [Found by n/a]

26 September 2008

* Initial entry found. [Found by n/a]

[Pickle2]

Go try and actually buy a house in a very very good area at a discount. There is a premium for the best parts of the SE and a queue of buyers willing to pay over asking price, even now.

Which areas? Throw out a few postcodes.

[DimPrawn]

Not necessarily, it's a commodity like any other.

Does that include actual figures from the Halifax, HBOS etc showing 20% falls?

Go try and actually buy a house in a very very good area at a discount. There is a premium for the best parts of the SE and a queue of buyers willing to pay over asking price, even now.

[leeperry]

The reason I don't think they will rise is that the banks still don't have the money to lend and it will be a good few years before they are re-capitalised.

The governement's model which they use to stress test banks has a fall of 50% from peak factored in.

[TimberWolf]

I really don't care, I'll still be living where I am!

Hampsted?

[Pogle]

I really don't care, I'll still be living where I am!

[Menelaus]

My models suggest that over a 24 month time horizon from January 2009 they'll be around 8% up on where they are now; but they'll have dropped further first.

[leeperry]

You can never lose on property. It only ever goes up.

Not necessarily, it's a commodity like any other.

This bull about house price falls is just media lies.

Does that include actual figures from the Halifax, HBOS etc showing 20% falls?

[Cyberman]

They'll drop substantially after the swineflu pandemic.

[DimPrawn]

You can never lose on property. It only ever goes up.


I know this as all the vendors I've been dealing with tell me and my offers (close to asking price) are all turned down flat.

And then the property sells a few weeks later.

This bull about house price falls is just media lies.