House prices start to fall

[JohnL]

Loz Wrote:

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

> Bellenden Belle Wrote:

> --------------------------------------------------

> -----

>

> > Others say house prices are falling and we

> should take the money, and go rent, ready to

> purchase

> > when the moment arrives.

>

> Prices aren't falling. According to people

> tracking these things, they are just not rising as

> fast as they were.

The 'falling' is because agents had priced in an increase that didn't happen

not real.

[binary_star]

"House prices in London fell last month as the cooling housing market hit the capital and nationwide prices flatlined."

http://www.standard.co.uk/business/business-news/london-house-prices-fall-as-market-cools-9756849.html

[pinecone]

http://www.zoopla.co.uk/for-sale/details/33108011

[Too Good To Be True]

I reckon June completions were the top of the market (for now) in Camberwell.

Prices off 8-10% since then.

There is a seasonal effect, but I think this is only of the order of about 2-3% from the peak in summer to the trough in winter.

[david_carnell]

The problem with that Goodrich Rd property is that it is a new build in a street of period properties and incredibly unsympathetic.

Look at the tiny windows compared to the house next door!

Seriously, the architect needs shooting. That plot didn't allow a 3 bed but they crammed it in anyway. Lunacy.