Thread List
First Page Previous Page Page 108 / 308 Next Page Last Page
Subject#Latest
7 30.06.10
4 30.06.10
11 29.06.10
1 28.06.10
18 28.06.10
12 26.06.10
3 26.06.10
2 25.06.10
4 25.06.10
6 25.06.10
4 25.06.10
4 25.06.10
6 24.06.10
4 24.06.10
4 23.06.10
43 23.06.10
2 23.06.10
5 23.06.10
10 23.06.10
4 22.06.10
1 22.06.10
8 21.06.10
14 20.06.10
1 20.06.10
15 19.06.10
4 18.06.10
4 18.06.10
17 18.06.10
7 18.06.10
3 18.06.10
10 17.06.10
10 17.06.10
4 16.06.10
3 16.06.10
10 16.06.10
2 16.06.10
5 16.06.10
10 15.06.10
5 15.06.10
4 15.06.10
4 14.06.10
2 14.06.10
10 14.06.10
15 13.06.10
1 13.06.10
5 13.06.10
7 12.06.10
7 11.06.10
11 10.06.10
2 10.06.10
First Page Previous Page Page 108 / 308 Next Page Last Page

house: to buy or not to buy?

 
#1 house: to buy or not to buy?
10/06/2010 17:45

Frazer

Hello,

Not a consulting question but I thought a topic that the clever brains on this forum might have some thoughts on.

I'm thinking of buying a house/flat in London. I'm a first time buyer so a bit anxious about getting it right.

After a lot of saving and arm twisting, the budget's about £300k/£325k.

Thinking Highbury & Islington, for the simple reason that I've rented in the area for some years and know it well. Thinking a flat carved out of a victorian house, hopefully a box size garden or patio and at a stretch 2 rooms.

My question is, has the market bottomed out? I still think there's a lot of imbalances and it's going to fall further (just look at the ratio salaries:savings:average price). Then there are the upcoming CGT changes and a whole load of other reasons not to buy. But a lot of these issues might be like this for years to come and I'm just wasting money on rent...

Does anyone have any thoughts?

Thanks

Reply  Quote   
 
#2 RE: house: to buy or not to buy?
10/06/2010 17:48

LEG to Frazer (#1)

Good question. Don't have any answers but I'm keen on reading from someone who knows about the UK RE market.

Reply  Quote   
 
#3 RE: house: to buy or not to buy?
10/06/2010 21:14

home owner to LEG (#2)

What complete tosh

House prices are now at their most affordable in almost a decade:

http://propertytalklive.co.uk/latest-news/64-house-prices/3198-house-price-fall-sees-affordability-at-7-year-high

House prices are up 15% YoY in Islington, so you need to catch that ship fast.

Don't believe me? Pop your postcode in here:

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/au.stm#table

Reply  Quote   
 
#4 RE: house: to buy or not to buy?
14/06/2010 18:32

Richard to Frazer (#1)

There's a way to go yet (downwards). Once rates revert to normality there'll be a shakeout. Just take a look at the graph on housepricecrash.co.uk

That being said, if you can secure a ten-year fixed deal it could be worth buying now. All depends on the assumptions, of course...

Personally, if I were an FTB now, I'd sit tight...

Reply  Quote   

Top of Page

ThreadID: 64367

Advertise
Your Jobs!