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Professionals send Brixton property prices surging by 15%

Gramsci said:
The problem is that , like East London, only the well off will be able to live here.
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hhmm not sure that applies quite as much to East London to be honest, small pockets of it to be sure but venture in to Newham or Tower Hamlets or further afield and it is very much lots of social housing, council housing, over crowding and lots of deprivation - as evidenced by Govt Deprivation Indexes.

East London gets judged by Shoreditch and parts of Hackney as being 'trendy' but in the bulk of it there simply isn't the housing stock that appeals to the 'better off' to buy and its councils are facing some of the biggest cuts in the country so i can't see things getting much better any time soon.
 
Manter said:
Hayter road, between Bonham and Branksome.

Just got v distracted on rightmove- there are somelovely houses on there that need love- one on Leander, one on Arodene.... But VP's point about churn/not stayingto be part of the community is so true, two on there we looked at just over a year ago in an unrenovated state have been stripped and flipped-for huge markups in 12 months too.
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Can't find it. But all the flipping means is that there is demand from people who want finished properties. In fact, people buying finished properties are often paying a premium for it to be finished so they are not looking to sell quickly or make a quick profit. Around those roads it will be families wanting to be in the Sudbourne Road school catchment area. There is a really good community amongst the parents around there.
 
ViolentPanda said:
And they're being forced out because for the last 20-25 years, with the deliberate reduction in social housing stock through RtB and the non-replacement of sold-on stock, housing supply has not kept pace with housing demand in London (or many other cities and counties, frankly). While this has been a bad situation for people who want a roof over their heads, it's been a great time for developers, who've found that they can sell their plasterboard catboxes for silly money to people desperate to get their feet on the first rung of the housing ladder or, much worse, buy-to-letters who will sweat their asset through high rents.
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why has housing demand risen?
 
Rushy said:
Can't find it. But all the flipping means is that there is demand from people who want finished properties. In fact, people buying finished properties are often paying a premium for it to be finished so they are not looking to sell quickly or make a quick profit. Around those roads it will be families wanting to be in the Sudbourne Road school catchment area. There is a really good community amongst the parents around there.
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Most know each other from Dulwich College!
 
My house in Villa road will be up for auction probably in January. Last one sold went for £720k and that is only the beginning you'll need to budget £400k to bring it up to a reasonable standard.( I should be clear I've never owned property in my life,it's been a squat for forty years)
 
peterkro said:
My house in Villa road will be up for auction probably in January. Last one sold went for £720k and that is only the beginning you'll need to budget £400k to bring it up to a reasonable standard.( I should be clear I've never owned property in my life,it's been a squat for forty years)
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and I'm sure loads of people will bid....
 
Manter said:
and I'm sure loads of people will bid....
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I've seen some of the people who bid on the houses already sold,wouldn't ask them the time of day because they'd lie.Shits to a person.

(by the way they're well out of budget for HA's and Lambeth won't give them a discount,it's purely about raising cash and they don't care who buys them and for what reason)
 
leanderman said:
why has housing demand risen?
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Because the population has risen, and housing development of an affordable nature (or of any nature whatsoever, for that matter) hasn't kept pace. Growing demand base, an additional supply that doesn't even "touch the sides" of existing demand and the upward pressure on rental and purchase pricing all play their part. The benefit caps will release some housing ("release" obviously being a euphemism for the clearance of renters into...who knows?), but that'll soon be filled, with the probable effect of raising rental and purchase prices again. Good news for the economy, bad news for people who need roofs over their heads.
 
peterkro said:
I've seen some of the people who bid on the houses already sold,wouldn't ask them the time of day because they'd lie.Shits to a person.

(by the way they're well out of budget for HA's and Lambeth won't give them a discount,it's purely about raising cash and they don't care who buys them and for what reason)
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Don't think Lambeth is allowed to discount. That was one of the issues with the Bradys sale.
 
ViolentPanda said:
Me, scary? I only look like an ogre. I don't act like one (beams winsome ogreish smile)!
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between you and your greebo- who I daren't '@' as she is apparently going to eat me- I am tempted to move to Clapham :eek:

(for the avoidance of doubt, am really not)
 
^^They are for those middle class occupiers (squatters) who have the wherewithal to come up with finance.The majority of V road is HA bought in a deal with state money and operating very successfully.
 
ViolentPanda said:
Me, scary? I only look like an ogre. I don't act like one (beams winsome ogreish smile)!
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Except when one of your nephews refuses to eat his tea - at which time it's claimed that you'll feed them their own fingers! Younger sisters can be so evil.
 
Dan U said:
hhmm not sure that applies quite as much to East London to be honest, small pockets of it to be sure but venture in to Newham or Tower Hamlets or further afield and it is very much lots of social housing, council housing, over crowding and lots of deprivation - as evidenced by Govt Deprivation Indexes.

East London gets judged by Shoreditch and parts of Hackney as being 'trendy' but in the bulk of it there simply isn't the housing stock that appeals to the 'better off' to buy and its councils are facing some of the biggest cuts in the country so i can't see things getting much better any time soon.
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I meant Shoreditch and Hackney. Also Dalston. I know two people who have been pushed out as there landlords raised the rent 30%. Due the landlords saying they can now get people in to pay that higher rent.
 
Gramsci said:
I meant Shoreditch and Hackney. Also Dalston. I know two people who have been pushed out as there landlords raised the rent 30%. Due the landlords saying they can now get people in to pay that higher rent.
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yeah in small pockets it is. i was probably being too pedantic tbh.
 
Out of interest, what are "Professionals" ?

I've never properly understood that term. Well, not outside chasing around in a Capri with a shit haircut and shooting people.

If you mop up spilt crap in twatty Foxtons, are you a 'professional' ?
 
Dan U said:
yeah in small pockets it is. i was probably being too pedantic tbh.
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u made fair enough point. I wonder if in a few years time when the governments social housing and Housing Benefit "reforms" kick in this process of pricing people out will extend further. This government clearly wants to end social housing as we know it. Also will do nothing to put a brake private landlords and buy to let merchants rent increases.
 
Gramsci said:
u made fair enough point. I wonder if in a few years time when the governments social housing and Housing Benefit "reforms" kick in this process of pricing people out will extend further. This government clearly wants to end social housing as we know it. Also will do nothing to put a brake private landlords and buy to let merchants rent increases.
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definitely. some of the first London Boroughs to think about 'farming out' people who were new referrals for emergency housing etc to the North were in East London. Newham notably, but not just them.

Even if you are on the second tier of priority in Council Housing - bearing in mind tier 1 is having a WW2 bomb being found under your house or something like that - the wait for anything other than a 1 bed in Boroughs like Tower Hamlets is in to the years. If you want a family home in an Inner London Borough, forget it essentially.
 
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