Owning your own home

My Flat in Brixton is going on the market next week.
This is my first sale, so lets see how it goes!

u will be a millionar

Not quite.
Very tidy increase in value in the three years since i bought it though!

Why are you selling Hoops?

Every sign at the moment seems to point to house prices continuing to climb.

Anyone between Brixton and Lewisham fancy selling me their 2 bed flat privately?!
Hoops...?

Anyone between Brixton and Lewisham fancy selling me their 2 bed flat privately?!
Hoops...?

You're about a month late on mine. The lease was 999 years when I completed.

Why are you selling Hoops?

Every sign at the moment seems to point to house prices continuing to climb.

The guy who owns the freehold is a cunt. And I've had enough of him.

And I live in Bristol now. I will be able to buy a three bedroom house in the city centre with the proceeds from my one bed.
I'm tired of renting. I could probably get a second mortgage, and keep the london flat as a buy-to-let, but my second mortgage wouldnt be massive.

Anyone between Brixton and Lewisham fancy selling me their 2 bed flat privately?!
Hoops...?

1 bed.
£350k and it's yours.

3 bed
£475,000.00

3 bed , £350k

Sold!

3 bed
£475,000.00

He wants to be inside the M25

"between Lewisham and Brixton"

besides, the cocktax(tm) has now extended to Brixton, so Rockley looks the better deal

besides, the cocktax(tm) has now extended to Brixton

Not Brixton proper it hasn't

Yeah I can't believe how much prices have skyrocketed in the last few months. Wish I'd been in a position to buy last year, sadly I wasn't.

Got outbid on a flat in Nunhead on Monday. I went in a little over the asking price but it went for "significantly" over. Agent won't tell me how much over until the sale completes.

At what point can I swap a three bed flat in an Art Deco block in Forest Hill for a farm with barn in the south of France?

As soon as your Watts/kg > 4.

At what point can I swap a three bed flat in an Art Deco block in Forest Hill for a farm with barn in the south of France?

Now, surely? My opinion is that when interest rates finally begin to revert to 'normal' levels, you will see a cooling off of price rises.

Now, surely? My opinion is that when interest rates finally begin to revert to 'normal' levels, you will see a cooling off of price rises.

this assumes all the buyers are borrowing on £ normal terms,

given level of foreigners buying don't think this is the case, in Camden seems £ per sq m dependent on whether property appeals to foreign investor or not, anything off-plan is marketed and sold abroad as often sounds nice and any negatives on immediate vicinity are overlooked.

London market is driven by wealthy international population with a trickle down effect pushing up prices for rest of us needing somewhere to live, even 20 years ago 40% of purchases in posh areas (SW3, SW7 etc) were foreigners and that was before the Russians, Chinese, and the flight to safety out of the euro zone,

It depends what you're buying. I know that for my flat I wasn't competing against cash buyers, but normal people like me who needed to get a mortgage.

However, I also think that the days of London property being seen as a good place to park a load of cash won't last forever, especially if other asset classes start to show higher returns. Don't forget that you could have made more money last year on the FTSE 100 or S&P 500 than some of the fastest-appreciating London property (2-bed flats in Islington etc.). My hope is also that stamp duty begins to be charged on foreign buyers and corporations, but that's a dream really...

This is much fun:

much heat?

Windows at either end of the room open, central heating off, 19.7 degrees in the middle of the room.

Windows are open in order to allow the volatiles in the paint (which are boiling off right now) to exit.

If someone would lend me a jump start I'd go get some more wood!

jump start //get some more wood!

I could help tomorrow, but I'd need to follow you to the wood supplier. I've spent stupid money on logs this year.