London house prices grow at twice the UK average

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Martin@AS Financial replied

2 April 2014, 15:21
Originally posted by AtW View Post

London residents don't want to live in London, they simply HAVE TO ...

I don't know. It takes me an hour to get to Holborn from where I live in Ealing every day. My brother used commute from Brighton to Farringdon and it really didnt take that much longer.

The cost of travel is obviously more expensive than a 1-3 oyster card but is offset by his smaller mortgage.
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AtW replied

2 April 2014, 11:04
Originally posted by Peoplesoft bloke View Post

That's what you get if want to buy a house in a tuliphole.

London residents don't want to live in London, they simply HAVE TO ...
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Peoplesoft bloke replied

2 April 2014, 10:54
That's what you get if want to buy a house in a tuliphole.
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AtW replied

2 April 2014, 10:30
Originally posted by ZARDOZ View Post

Russian Oligarchs laundering the proceeds of their crimes.

Russians pour money into London property - Telegraph

Them fooking dirty Ruskies...
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ZARDOZ replied

2 April 2014, 10:16
Russian Oligarchs laundering the proceeds of their crimes.

Russians pour money into London property - Telegraph
Leave a comment:
Martin@AS Financial replied

2 April 2014, 08:50
Originally posted by Old Greg View Post

Isn't that what they need to earn to purchase an average property rather than just "to purchase"?

Scary isnt it. It's only a matter of time before being able to buy in London under the stamp duty mark of £250,000 is soon to be a thing of the past.
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Old Greg replied

2 April 2014, 08:42
Originally posted by Martin@AS Financial View Post

"In the first quarter the capital’s average house price reached £362,699, an 18.2 per cent increase on the first quarter of 2013, when the average price was £306,919."

Bearing in mind that buyers will need to put down between 5-10% as a deposit and that banks lend around 5 x income, buyers are going to need to earn at least £65,000 to purchase in the capital.

(Taken from Mortgage Strategy)

London house prices grow at twice the UK average | News | Mortgage Strategy

Isn't that what they need to earn to purchase an average property rather than just "to purchase"?
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Martin@AS Financial started a topic London house prices grow at twice the UK average

2 April 2014, 08:38
London house prices grow at twice the UK average

"In the first quarter the capital’s average house price reached £362,699, an 18.2 per cent increase on the first quarter of 2013, when the average price was £306,919."

Bearing in mind that buyers will need to put down between 5-10% as a deposit and that banks lend around 5 x income, buyers are going to need to earn at least £65,000 to purchase in the capital.

(Taken from Mortgage Strategy)

London house prices grow at twice the UK average | News | Mortgage Strategy
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