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Topic: Re:Re:Re:Re:Property Price Crash
Posted by: Adrian Irving
Date/Time: 30/10/15 13:37:00

As I see it values in Central London have already dropped by say 10% however asking prices have not.

This is because it is perceived by owners that prices are still rising and a good number of them are what I call discretionary sellers. That is, they don't need to sell and will only do so if 'I get my price'.

Things are slowly changing but it needs a trigger such as a rise in rates for owners and agents to make the overdue price corrections.

I may be viewing this for the elephant's tail but my perception is that the foreign investor is moving away from the uber posh areas and the ones I know are buying in places like Acton  where prices are still on the rise and rental returns are stronger.

Places like Manchester, Sheffield are also becoming targeted particularly for new homes. 

The net result is middle to top end Central London is in the doldrums, or is it the calm before the storm and will contagion spread to the UK as a whole?

Entire Thread
TopicDate PostedPosted By
Property Price Crash30/10/15 08:38:00 Adrian Irving
   Re:Property Price Crash30/10/15 10:09:00 Andy Pease
   Re:Property Price Crash30/10/15 10:56:00 John Keeler
      Re:Re:Property Price Crash30/10/15 11:14:00 Ann Williams
         Re:Re:Re:Property Price Crash30/10/15 11:48:00 Cllr Sam Hearn
      Re:Re:Property Price Crash30/10/15 11:46:00 Ken Munn
         Re:Re:Re:Property Price Crash30/10/15 18:01:00 Keith Iddon
            Re:Re:Re:Re:Property Price Crash31/10/15 16:57:00 Anne England
      Re:Re:Property Price Crash30/10/15 11:52:00 Andy Pease
         Re:Re:Re:Property Price Crash30/10/15 12:52:00 Ann Williams
            Re:Re:Re:Re:Property Price Crash30/10/15 13:31:00 Peter Millman
            Re:Re:Re:Re:Property Price Crash30/10/15 13:37:00 Adrian Irving
               Re:Re:Re:Re:Re:Property Price Crash30/10/15 16:08:00 Ken Munn
                  Re:Re:Re:Re:Re:Re:Property Price Crash31/10/15 13:36:00 Brian Coyle
                     Re:Re:Re:Re:Re:Re:Re:Property Price Crash31/10/15 15:55:00 Will Watson

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