Jump to content

Recommended Posts

Despite everything I keep reading about the flagging state of the housing market, can anyone confirm whether prices in ED have actually dropped at all? Just looking in Estate Agent windows it would appear not, but I know that there is a big difference between asking prices and selling prices.

Dropped, considerably. Don't be fooled by the what's for sale price they are achieving no where near this. 60+ grand below asking price offers and estate agents raising them to counter this. Buyers are not having any of it and are pulling asking prices down before they even offer.


Its only serious cash money buyers who are going for the larger properties. Everyone in mid size houses, effected by pay freezes are stuck , they can't make the jump so the market has really shrunk. If Gordon had not ringfenced the Bank of England interest rates at 0% it would be a bloody massacre out there right now.

House prices are near 2007 levels if not above.


Stories of falling house prices normally refer to UK, London had a small fall but seems to have recovered. East Dulwich in 2009 seemed cheap compared to clapham/balham/wandsworth, so it may even go up further, but def on the rise over the last 12 months imo.

The rate of house price increase certainly slowed wouldn't say they actually have fallen compared to fourth quarter 2007 overall.


Houses are being sold at around 94% of asking price on average...


Check the link out too see that apparently Southwark is the biggest gainer in London for first quarter 2011.


http://www.thisismoney.co.uk/mortgages-and-homes/house-prices/article.html?in_article_id=533622&in_page_id=57&ct=5


trebles all round for ED homeowners?

Southwark may be the biggest gainer , but its not because of ED dears! And no way are Houseprices anywhere near some of 2007 prices! if anything its 4years of static growth. I think the best specfic indicator is what houses / flats actually achieved. Obviously if a house was on for ?670000 in Crystal Palace Road and acheived ?620000 or ?695000 in Melbourne grve and achieved ?628000 cant see how thats 94% of asking price? These wider figures can be well massaged, the Land Registry can not.
i don't think things are actually going for much more than in the past (check out land registry records to see) but asking prices seem to have shot up to often ridiculous levels. small 3 bed - 91 sq m - for sale on Marsden Road for ?575k - or severely run-down 4-bed on Grove Hill for ?595k - get real! and that's the Peckham Rye side.

I think it depends on the type of property. The 2-3 bed terraced houses that have been renovated well seem to be selling very quickly at or close to asking price.


A 2 bed near us sold within 2 weeks at a price close to 2007 levels.


Of course there will always be one agent on LL who puts houses on the market at ridiculous asking prices that will eventually have to drop to more realistic levels. Your examples of price drops aren't all marketed by Foxtons are they Thomas?

A house that we looked at in ED in autumn 2009 (which sold for asking price of ?670k) came back onto the market the other week at ?820k and is now under offer... We weren't looking in 2007 so don't know what it would have fetched at the peak, but I was pretty amazed to see such a massive jump in price in just over 18 months...

amberwood Wrote:

-------------------------------------------------------

> A house that we looked at in ED in autumn 2009

> (which sold for asking price of ?670k) came back

> onto the market the other week at ?820k and is now

> under offer... We weren't looking in 2007 so

> don't know what it would have fetched at the peak,

> but I was pretty amazed to see such a massive jump

> in price in just over 18 months...


Im guessing but this may be a Friern Road house? If so it has a side return, which looks pretty goo, but I don't know if the side return has been done since 2009.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • There's probably a bigger discussion on why we celebrate Christmas (pagan/religious festival) and why everything has to shut down.  I've enjoyed Xmas days in Spain, Mexico and France where some businesses and restaurants are open, and in a number of non-Christrian countries.  In both sets of occasions it has been festive, but not over the top and the Spanish seem to have a more relaxed attitude in a country where the church is probably more important than the UK.  A Lounge conversation.  I'll no doubt be popping into the Forest Hill Road supermarket on Xmas day for things we have forgotten, with many others in a similar situation who grew up in the Christian faith (I've long since been an atheist).   
    • Would anyone have ends of balls of wool, any colour, to mend an old blanket? Any colour? With thanks Mila
    • I’m not a Gail’s fan but there’s no reason a business shouldn’t open on Christmas Day. However, nobody should be compelled to work the day which, given the widespread coverage of Gail’s questionable employment practices, has to be a possibility here.  The only business I ever use on the 25th is maybe a pub and that’s a rarity these days but buses running would be very welcome for visiting etc. But the swings in the park should definitely remain chained up. Are parks even open on Christmas Day?
    • To be honest, pal, it's not good being a fan of a local business and then not go there. One on hand, the barber shop literally next door to Romeo Jones started serving coffee. The Crown and Greyhound and Rocca serve coffee. Redemption Coffee opened up not far away, and then also Megan's next door to that. DVillage was serving coffee (but wasn't very popular), as was Au Ciel (which is). Maybe also Heritage Cheese, I don't know. There's also Flotsam and Jetsam doing coffee and sandwiches at Dulwich Picture Gallery in the other direction. The whole of Dulwich Village serves coffee. And yet on the other hand, there are enough punters to support all good coffee shops. With the exception of Rocca and Megan's (which are both big spaces) and C&G (which does coffee like everything else - slow and with bad service), all these places regularly get queues out the door. Gail's often has big queues and yet very few people crossed the street to Romeo Jones (which was much better)... Half the staff at Gail's are perfectly fine and efficient. The other half are pretty offhand and rude. It's certainly not welcoming or friendly service. But they're certainly hard working, and no doubt raking the money in for Luke Johnson...
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...