London property prices crash £30,000 in just a month
 

Ding and you other investors, get out whilst you still can! ;)

http://www.theguardian.com/money/201...an-30000-month

Still waiting for the right time to buy? :lol1:

30k !

i guess thats one less foreign holiday this year

30k in London is probably the same as my house up north losing £500.

Prices still up by 11% since December 2013, and expected to rise further next year.

Nah....

There all going down next year...

Fuel prices and FTSE falling is just the start....

but not until after the election:lol1:.People will still believe the rubbish spouted by the liars in Westminster...Economic recovery,deficit repayment,high employment(under conditions the Victorians would be ashamed of),Taxing the multi-nationals(so called Google tax that will only net a fraction of what they say).

Maybe Dave will want to hand back the poisoned challis..........:wonder:

The market in London, in my experience, has been cooling since about April/May.

Zip that is just a way to positively frame it.

If you are flying in a 777 and it goes into a nose dive from 30,000 feet, yes you could then say as you plummet past 20,000 feet, that you are still 20,000 higher that when you took off, say 2 hours ago. :rolleyes:

As for it being 'expected' to rise next year, this is from estate agents!

Why do you think that is Ding just out of interest?

Now come on, we didn't have too bad a summer this year.:freak3:

I'm only going to answer if you stop comparing me to a parasite/slave trader etc;)

A few reasons....

The rate of price rises were unsustainable, herd mentality sent prices rocketing very quickly.

There was a pent up demand since 2008 that to some extent has now been satisfied.

MMR has had a real impact, borrowing is more difficult now. One of the few responsible decisions you'll see with regards to the housing market made by banks, govt etc

Constant talk by the boe about interest rate rises (which were never going to happen in the time line they were claiming imho) has spooked many.

Of course govt never wants falling house prices as they fight an election so we now have the new stamp duty rates and why this policy has been brought in six months earlier than planned. How much effect they'll have only time will tell.

https://www.gov.uk/government/news/2...e-announces-pm