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

    • That's great you have the cat! Sorry to interfere, and feel free to ignore this, but it might not be a great idea to post your mobile number on a public forum? You can message the owner on the forum via a private message.
    • Copleston centre hire for adult parties 
    • Most churches rent out halls for children's' parties but rarely adult parties, Christ Church only does afternoon parties,   The East Dulwich Community centre hires out halls to 9 pm only and all music needs to be on a sound restrictor as is in a residential area. St Johns with St Clements have a small hall but not sure if they allow adult parties. Nunhead Green has a newish community centre with a couple of different size halls. Most places seem to charge around £40 ph  with a deposit of £100/200 (returned if no damage or excess cleaning needed.
    • Hello, Recently there have been various comments made on the forum which have resulted in heated discussions being had. I for one, hold up my hand and wanted to personally thank whoever is keeping the forum going.. remember when it was likely to close. We are all adults and should known when it is right to continue or just ignore or if really feel it necessary comment via pm. I have had a long relationship with the forum and have bought, sold, offered advice and in deed made friends on the forum over the years. It is a public forum after all and everyone is entitled to express their opinion and is also free. I am not as tech minded as most but with the season of good will approaching and-knowing in this economic climate how many people are  struggling, I  thought it would be a lovely idea, to perhaps set up a just giving page to raise funds for a local charity who might appreciate a contribution towards their Christmas festivities… On a practical side, might just be to complicated to administer as I am sure all have charities that we support so my other thought was not me, as I am useless but to set up a just giving page and whatever monies are raised, perhaps contribute to the festivities that use to be run by local shops or whatever.. Maybe even use a local church hall and just make it special for perhaps folk that find it difficult to access events or no access for say wheel chair users.. guess really, one is looking for guidance from the church and of course volunteers. Shoot me down if you must or feel the need but this is my view and no, sadly I won’t be around in the months before Christmas but can help remotely.      
Home
Events
Sign In

Sign In



Or sign in with one of these services

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