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Britische Immobilien - Der naechste Crash

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16.04.07 10:16

18637 Postings, 7410 Tage jungchenBritische Immobilien - Der naechste Crash

Homes 'earning' £280 per day
Becky Barrow, Daily Mail - 16 April 2007

Property asking prices are rising by nearly £280 a day - the fastest rate since records began.

Research out today says the average asking price jumped £8,307 last month, fuelling fears that the booming housing market is heading for a crash.
The figures from the property website Rightmove mean a typical home is 'earning' about five times more than its owner.

The average worker is on a gross salary of about £24,000 a year, giving a monthly take-home pay of about £1,500.

This figure is eclipsed by the growing fortune tied up in the value of the typical home, which is rising by £277 a day.

And there is unlikely to be a penny due to the taxman when the home is sold. In the London borough of Kensington and Chelsea, the average property increased by an astonishing £121,000 in March, taking the price of a typical home there to £1.33m.

The cost of buying a home means properties which used to be a relative bargain are now affordable only to the very rich.

Rightmove said asking prices had risen 3.6% in the last month to a record of £236,490 - and 15% since last April.

Commercial director Miles Shipside urged homebuyers thinking of taking the plunge to be cautious. He said: 'People should not regard this research as the start of another national boom.

'As prices go higher, fewer buyers can afford to get on the ladder or trade up and that will restrain ongoing increases in many parts of the country.'

He said 'more affluent' areas, such as parts of London and the South-East, were the exception.

The upmarket estate agency Knight Frank revealed that a typical country cottage with three bedrooms and one acre of land costs nearly £550,000 - around £50,000 more than the same property would have cost 12 months ago.

Such findings are fuelling fears that the housing market bubble is about to burst. Last week, a report from financial analysts Datamonitor warned of 'a threat' that a sharp fall in prices could be on the way.

Karina Purang, its author, said: 'There is a threat that it [a crash] could happen. Undoubtedly, house prices cannot keep going up for ever.'

Key workers, such as nurses, teachers and policemen, cannot afford to buy homes in 70 per cent of towns across Britain. This figure which has almost doubled from 36 per cent five years ago, according to research by the Halifax.

A typical buyer now takes out a mortgage for £150,000 with some borrowing up to nine times their salary.
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12 Postings ausgeblendet.

11.03.08 11:09

2032 Postings, 8182 Tage jgfreemanIch zahle hier in London Islington

fuer Wohnzimmer mit Kochnische + Schlafzimmer + kleines Bad

GBP 1,200 im Monat, d.h. ca. EUR 1,600

plus Nebenkosten
plus EUR 150 "council tax"

Und das ist nichtmal Top-Location.

Schon wahnsinn, dass man hier auf der Insel locker mal EUR 2,000 von seinem Nettolohn runterhat um eine kleine Wohnung zu finanzieren...

Wohin soll das noch steigen?


11.03.08 11:30

15130 Postings, 7622 Tage Pate100die spinnen die inselbewohner

da brauchste ja locker 4000-5000 netto im Monat. ist das der
Durchschnittslohn dort?  

31.03.08 17:44

18637 Postings, 7410 Tage jungchenHouse prices fall for 6th consecutive month

House prices fall for sixth month in a row
31 March 2008

Annual house price growth stalled during March as prices fell for the sixth month in a row, figures showed today.

The average cost of a home in England and Wales has increased by just 0.4% during the past year to average £174,100, according to property information group Hometrack.

Prices continued their downward trend in March, falling by 0.2% during the month, with 29% postcode districts seeing a reduction in house prices.

The survey comes days after Nationwide Building Society said house prices fell for the fifth month in a row in March, dropping by 0.6%, while annual house price growth eased to just 1.1%, its slowest rate for 12 years.

The majority of house price indexes currently show price falls as the market suffers from a combination of stretched affordability and the credit crunch, which has led to lenders tightening their lending criteria and raising their rates.

Hometrack said levels of activity in the property market improved for the second month running, but the spring bounce seen in February did not continue at the same pace.

The number of new buyers registering with estate agents increased by 1.2% in March, well down on the rise of 7.9% seen in February, which had been the first increase seen since June last year.

There was also a 4.6% rise in the number of homes coming on to the market during the month, but the increase was half the level seen in February.

The number of sales agreed increased by 8% in March, compared with a 20% increase during the previous month, but the average time a home takes to sell remained unchanged at 8.5 weeks and sellers are getting just 93.5% of their asking price.

Richard Donnell, director of research at Hometrack, said: 'Some bounce-back in market activity was inevitable after what has been a prolonged period of weak market activity.

'However the growth in demand over the last two months is only a third of the level seen in previous years so the spring market is likely to be a non event this year.

'Continued uncertainty in the financial markets, affordability pressures and weak buyer confidence are all likely to suppress levels of market activity in the months ahead with pricing levels remaining under pressure.'

He added that Hometrack expects there to be a 17% fall in transactions during 2008. Hometrack said the biggest price falls during March were seen in the West Midlands, North and Greater London, with the average cost of a home dropping by 0.3% in these regions. All other regions saw price falls of 0.2%, expect Wales, where the cost of property remained unchanged.
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

02.04.08 17:28

106201 Postings, 8183 Tage KatjuschaIch hab vor wenigen Tagen eine Sendung gesehen,

wo es eigentlich um die Frage ging, ob in Deutschland die gesetzliche Rente erhalten bleiben muss, und nicht (wie derzeit oft medienwirksam gesagt wird) in eine private Altersvorsorge umgeschichtet werden sollte.
Man kam dann zum Urteil, das die gesetztliche Rente weiterhin die einzig sinnvolle Rente ist, und man sich das nicht von Lobbyisten der Versicherungswirtschaft kaputtreden lassen sollte. Neben den verschiedenen einleuchtenden Gründen dafür wurde auch das kaputte zunehmend auf privater Vorsorge ausgerichtete Rentensystem in Großbritanien angesprochen, das vor etlichen Jahren eingeführt wurde. Das führt dazu, das Rentner in Großbritanien, die wie bei uns auch ja immer mehr werden, keine Kaufkraft mehr haben und es dadurch der Konjunktur zunehmend schaden wird. Viele Rentner haben auch dort auf Immobilienfonds gesetzt, die ihnen die Altersvorsorge sichern sollten. Nun verschärft sich damit die Krise des Rentensystems durch die Immobilienkrise noch weiter.
"Unpolitische Sportvereine sind die erste Anlaufstelle für Rechtsradikale"  Dr. Theo Zwanziger.

08.04.08 10:52

18637 Postings, 7410 Tage jungchenFaellt wie ein Stein -2.5% im Maerz allein

House prices 'see sharp decline'

House prices fell by 2.5% in March, the biggest monthly decline since September 1992, the Halifax has said.
The latest monthly figure from the UK's largest mortgage lender was significantly worse than many experts had expected.

House prices are now just 1.1% higher than they were a year ago, the slowest annual growth rate for 12 years.

The Halifax has also revised its predictions and now expects prices to fall over the course of this year.
The Nationwide took a similar stance earlier this month after reporting that prices had fallen for five months in a row.

Analysts said that the weaker-than-expected data from the Halifax would raise expectations that the Bank of England would cut interest rates by at least 25 basis points to 5% on Thursday.

However, because the lack of liquidity in money markets is making it more expensive for banks to borrow, a rate cut would not necessarily be passed on to mortgage holders, observers say.


For the first three months of the year, the Halifax said prices fell by 1.1% to a UK-wide average of £191,556, according to its data.

But the Halifax's chief economist, Martin Ellis, said that declines in prices "should be viewed in the context of the significant price rises over recent years".

He added that house prices were still being underpinned by "sound economic fundamentals" including a strong labour market, low interest rates and a shortage of new houses.

"We are definitely seeing an adjustment in the housing market," Mr Ellis said.

"I am surprised that we have seen a fall of quite this extent but of course we have been seeing some falls in previous months so it's not surprising that there's actually been a decline during the month."

Global Insight chief economist Howard Archer said that too much emphasis should not be put on one piece of data.

But he added: "The overall impression is that house prices were buckling markedly under the substantial pressure emanating from increased affordability constraints and markedly tighter lending conditions even before the latest escalation of the credit crunch."

Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

08.04.08 10:55

18637 Postings, 7410 Tage jungchenp.s.

quelle zu #18:
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

11.04.08 00:07

2032 Postings, 8182 Tage jgfreeman@Pate

Es wird einfach an Platz und Qualitaet gespart. Als Student habe ich hier ein Semester in einem Kellerzimmer gewohnt fuer EUR600 pro Monat, war damals recht guenstig.

Hier in UK gibt es den letzten Schrott an Bausubstanz und Verarbeitung, das glaubt man erst, wenn man es selbst gesehen hat.

Die extremen Preise ab EUR2,000 pro Monat fuer eine Wohnung zahlt man, wenn man (nahezu) deutschen Standard haben will :)

Meinem Bauchgefuehl nach koennen die Preise hier noch locker 10-25% fallen,...

15.04.08 09:56

18637 Postings, 7410 Tage jungchenHouse prices falls 'fastest for 30 years'

House prices falls 'fastest for 30 years'
15 April 2008

House prices have taken their worst battering since records began, a report published today reveals.
The study showed that prices are falling at the fastest pace for 30 years.
It painted a picture of lower prices, few buyers and desperate sellers - with worse to come.

And the pessimism displayed by the estate agents and surveyors polled by the Royal Institution of Chartered Surveyors help make its monthly report the bleakest since they began in 1978.

They say house prices are falling in every region of England and Wales, with the majority falling at their fastest pace since the record started.

The North, Yorkshire and Humberside, East Midlands, West Midlands, East Anglia, the South East, the South West and Wales are all on the black list.

But the East Midlands is experiencing the worst problems. Prices have been falling for the last 15 months. The speed of the decline is picking up, with prices falling at the 'fastest pace in the survey's history' last month.

The survey found that 78.5% more surveyors reported a fall than a rise in house prices - the highest proportion since records began.
The figure eclipses the last property crash of the early 1990s.

To make matters worse, agents expect prices to keep on falling in the next quarter, according to the influential report. Today's study exposes problems in every area of the market. The number of homes sold between January and March was 22.4 per estate agent - close to the all-time low of 18.3, in 1992. Increasing numbers of homes are put up for sale, but few buyers are coming forward.

Over the last year, the number of unsold properties in estate agents' windows has climbed 50%. Meanwhile, inquiries from buyers have fallen for 16 consecutive months.

The surveyors and estate agents who took part in the survey were extraordinarily pessimistic.

One predicted prices will fall 30% over the next three years. Another warned the situation is going to worsen, as the mortgage meltdown has only just started to take effect.

'With the effects of tighter lending criteria still to be felt, we may not have reached the bottom.'

Another declared: 'It is tough, very tough. Buyers are looking for rock bottom bargains. The market is yet to get worse before it gets better.' And one said: 'If we compare sales figures this March to 2007, 2006, 2005 etc then we can only describe the market as dire.'

Last week Halifax, the biggest mortgage lender, said prices slumped 2.5% in March, the largest drop in a month since the property crash of 1992.

Yesterday Jeremy Leaf, of the RICS, insisted that 'a significant crash' remains unlikely, unless the number of homes coming on to the market rises 'dramatically'.

But Shadow Chancellor George Osborne said homeowners should prepare themselves for a 'bust'. 'We are in the bust bit after the boom bit, if you take the figures from the Halifax,' he said.
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

29.04.08 17:13

18637 Postings, 7410 Tage jungchenHomebuyer numbers slump to record low

Homebuyer numbers slump to record low
29 April 2008, 1:09pm

The dramatic slowdown in the property market has been revealed by new figures showing mortgages for homebuyers hit a record low in March.

Mortgage lenders running out of cash have slashed their ranges leading to Bank of England figures showing just 64,000 loans for home purchases taken out in month – 44% lower than a year earlier.
Homebuyer activity has tumbled to the lowest level since the Bank of England began to collect data in April 1993 – in the middle of the 1990s slump.

The tightening credit crunch has seen the cost of securing funding for lenders soar, at the same time as banks seek to raise margins and horde cash to protect themselves from bad investments related to US subprime mortgages.

The Bank of England said 98,000 remortgages were approved in February, compared to 109,000 in February.

Howard Archer, chief UK and European economist at Global Insight, said: "The bad news on the housing market just keeps on coming.

'March's very weak Bank of England data is yet further evidence that housing market activity is being severely hit by the damaging combination of stretched buyer affordability and very tight lending conditions.'

Lenders have raised rates, hiked deposits and axed mortgage offers over the past month, despite the Bank rate being by 0.25% to 5%.

Price comparison website Moneysupermarket has reported that the average best fixed rate from main providers was 6.18%, while the average tracker rate was 6.29%, and just 32 mortgages offering 95% loan-to-value were left on the market.

Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

30.04.08 11:04

18637 Postings, 7410 Tage jungchenHouse prices now lower than a year ago

House prices now lower than a year ago
30 April 2008

House prices are lower than they were a year ago for the first time since 1996, a property survey revealed today.

Average prices have dropped 1% since April 2007 to £178,555, according to the Nationwide. It is the first time one of the major national surveys has shown a year-on-year drop since the credit crunch began last summer and the clearest signal yet that the decade-long housing boom has been consigned to history.

It follows 133 consecutive months of annual house price growth since March 1996. The news came as a rate-setting member of the Bank of England's Monetary Policy Committee gave a stark warning. David Blanchflower - an advocate of early and aggressive rate cutting - said: 'A correction of approximately one-third in house prices does not seem implausible in the UK over a period of two or three years.'
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

13.05.08 10:07

18637 Postings, 7410 Tage jungchenHousing downturn gathers pace

By Matt Falloon - Reuters - 13/05/2008

LONDON (Reuters) - House prices fell in every region in April with surveyors reporting the widest margin of decline in at least 30 years, a survey showed on Tuesday, indicating the housing market downturn is gathering momentum.

The Royal Institution of Chartered Surveyors said its house price balance fell to -95.1 in the three months to April from -79.4 in March -- the weakest since the series began in January 1978 and well below forecasts for a reading of -80.0.

The balance fell in every region compared with March.

The figures are likely to add to growing concern over the health of the housing market after Bank of England policymaker David Blanchflower warned last month that prices could slump by almost a third unless aggressive remedial action was taken.

The Bank is under pressure to continue cutting interest rates -- after three cuts since December -- to shore up the economy in the wake of the global credit crunch.

But consistently strong inflation figures are making it hard to justify any drastic policy easing.

"Although most surveyors are now seeing price declines, the extent of the fall, is at this stage, quite modest," said RICS spokesman Ian Perry.

"The real issue is the collapse in the number of housing transactions. This has very real implications, not just for the property industry but also the high street and the wider economy."

Northern Ireland witnessed the steepest falls in house prices, according to the RICS survey, with nearly a third of surveyors reporting prices down by more than 8 percent.

Declines of a similar magnitude are being felt to a lesser extent across England and Wales and surveyors in East Anglia, the north and north west are unanimous that prices are falling.

Scotland, previously the only region to score a positive house price balance, also slipped into the red.

Expectations for future house prices fell to a series low while interest from prospective buyers decreased at the sharpest pace on record.

The completed sales to stock of unsold property ratio -- regarded by some economists as a more reliable gauge of the health of the housing market -- declined further with market conditions at their loosest since the 1996, RICS said.
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

14.05.08 11:07

18637 Postings, 7410 Tage jungchenHousebuilder mit problemen

2:48 AM today Barratt sees sharp decline in housing market conditions - by Simon Kennedy
2:24 AM today Barratt: market conditions significantly worsened - MarketWatch
2:24 AM today Barratt: 19-week housebuilding revenue down 7.6% to GBP825M - MarketWatch
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

29.05.08 10:59

18637 Postings, 7410 Tage jungchen2.5% drop in May alone

geht so langsam ans eingemachte...

House price drop at new record

House prices have recorded their largest monthly fall since 1991, says the Nationwide building society.
Prices have fallen by 2.5% during May, according to its latest monthly survey.
The lender said prices were now 4.4% lower than a year ago
, a drop of £8,000 which has taken the average UK house price down to £173,583.

The Nationwide, the UK's second-largest lender, said price falls were now accelerating and had continued for seven months in a row.
"The pace of house price falls accelerated in May as more weak economic news added to the gathering momentum of negative sentiment about the housing market
," said Fionnuala Earley, the Nationwide's chief economist.
"At seven months, this is also the longest consecutive period of monthly falls since 1992," she added.

Monthly price movements can be volatile.
But the accelerating pace of the price falls was illustrated by the fact that they are now 2.9% lower than they were in the previous three months.

Low point

The Nationwide pointed out that its survey chimed closely with much of the other recent evidence about the state of the UK housing market.
In March, new mortgage approvals for home buyers were at their lowest since the Bank of England's records on the topic began back in 1993.
And recently, estate agents have reported that falling prices have been at their most widespread across the UK since 1978.

Despite this, Ms Earley argued that the market was not heading for the same sort of crash as that seen in the early 1990s.
"First, fewer homeowners bought at the top of the market in this cycle," she said.
"This means a much smaller proportion of borrowers face the full effect of falls in prices than was the case in the 1990s.
"Secondly, today's borrowers have typically put down a larger deposit than their 1980s counterparts," she added.

Further falls?

After a boom lasting for more than a decade, house price inflation took a decisive turn downwards last autumn.
The market collapsed under the twin impact of two pressures.
Prices became so high that most first-time buyers were priced out of the market, and the effects of the credit crunch have dried up the supply of money for new mortgages.

Lenders are now expecting that fresh mortgage lending will shrink by about 40% this year, despite the efforts of the Bank of England to inject more money into the banking system.
Ms Earley said that Nationwide was continuing to forecast single-digit house price falls during 2008.

But Howard Archer, chief UK economist at Global Insight, painted a gloomier picture for homeowners.
"It now looks more likely than not that house prices will suffer double-digit falls both this year and in 2009," he said.
He said this was a result of serious buyer affordability constraints, limited and often more expensive mortgages available because of the continuing tight lending conditions, a deteriorating economic outlook, and reduced prospects for further interest rate cuts in the near term.
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

24.06.08 13:20

18637 Postings, 7410 Tage jungchenRecord 1m homes for sale

Record 1m homes for sale as prices slide
23 June 2008

More than one million homes are for sale in England and Wales for the first time since records began, research claims today.

The landmark is a sign of the panic among homeowners desperate to sell their properties before prices fall even further.

Others are selling in order to grab a bargain by getting a newly-built home for a massive discount. The report, from the property website Rightmove, says the average asking price slumped by £3,000 - or 1.2% - between May 11 and June 14.

The price slump is even more dramatic in some parts of the country, with prices in the West London borough of Hounslow falling by nearly £20,000.

Rightmove said about 172,000 homes were put on the market during the five weeks, pushing the total number on sale above one million for the first time.
The research also shows estate agents have record numbers of unsold homes on their books. On average, each branch has 75 homes for sale.

Rightmove estimates there are now about 15 properties for sale for every buyer. Its latest monthly report shows that the average asking price is now £239,564 with annual house price growth reduced to just 0.1%.

The move, which follows a 1.2% jump in asking prices during the previous month, suggests sellers' have finally accepted that their home is not worth as much as it once was, property website Rightmove said.

The fall was the first ever recorded by Rightmove during June, traditionally seen as one of the peak months of the house selling season. Miles Shipside, commercial director of Rightmove, said: 'In spite of the lowest housing transactions for 30 years, new sellers had been coming to the market asking for record prices.

'It was a mad state of affairs that defied the laws of economics. Thankfully new sellers are now taking some pro-active steps to price more realistically from the outset to attract increasingly hard-pressed buyers.'

The group insisted sales were still going through, and there was pent up demand for the right property at the right price.

It added that 'run-of-the-mill' properties that were not much different to others on the market had to stand out as 'bargain buys' to sell.

The widening gap between asking prices and what buyers are currently willing to pay or able to afford is behind the low level of transactions in the property market.

Rightmove said further reductions in asking prices would be required to sell homes where there was an oversupply, as buyer affordability continued to deteriorate against the backdrop of rising living costs and higher mortgage rates due to the credit crunch.

Mr Shipside said: 'For most sellers that will mean whatever they thought of asking for their property at the peak of the boom, they need to take at least 10% off. Otherwise their property will stagnate.'

Southern areas of the country led the way on price falls, with average asking prices dropping by 2.4% in the South East and 2.2% in the South West during the month, while in East Anglia and London they were 1.6% and 1.4% lower respectively.

But asking prices rose in other areas of the country, increasing by 0.5% in the North and 0.4% in both the West Midlands and Wales.

However, these areas have seen some of the steepest price falls to date, with average asking prices 3% lower in the West Midlands than they were a year ago, and 2.6% lower in Wales.  
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

01.07.08 09:37

18637 Postings, 7410 Tage jungchenHouse prices 'fell 0.9% in June'

House prices 'fell 0.9% in June'  

UK house prices fell by 0.9% on average last month, according to the latest survey from the Nationwide.

The decline was less severe than the record 2.5% fall seen in May, but prices were now 6.3% lower than a year ago, the Nationwide said.

The average home now costs £172,415 and is £13,629 cheaper than at the top of the market in October last year.

Sheffield: 17% annual fall, average price £168,321
Belfast: -11%, £268,174
Birmingham: -9%, £166,581
Manchester: -9%, £192,151
Coventry: -9%, £158,888
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

23.07.08 15:20

18637 Postings, 7410 Tage jungchenHouse sales drop by half in a year

House sales drop by half in a year
23 July 2008

The number of homes sold has halved in a year, according to official figures issued yesterday.
Coming alongside evidence of the soaring number of repossessions, the news lays bare the extent of the meltdown in the housing market.

In June last year, 140,000 homes were sold for £40,000 or more. This was before the Northern Rock debacle began and the words 'credit crunch' were bandied about.
Twelve months later, figures from HM Revenue and Customs show that just 77,000 homes were sold in June.

Many potential buyers are being put off by the difficulty in getting a mortgage, while others are scared away by predictions that house prices could fall 35% by the end of 2010.
The scale of the collapse is alarming, and is a nightmare for families who need to sell but cannot find a buyer.

Howard Archer, chief UK economist at the consultancy Global Insight, said: 'The bad news on the housing market currently remains relentless, with very low housing market activity being a consequence of the toxic mix of stretched buyer affordability and extremely tight lending conditions.'

Separate figures, from the auction experts Essential Information Group, reveal that the number of repossessed properties coming up for sale in auction houses has rocketed nearly 300 per cent in three years.
Between January and June, 3,115 repossessed homes went under the hammer in Britain, compared with just 799 in the same period during 2005.
The scale of the increase is extraordinary, with the numbers soaring 66% over the past year alone from just 1,873 in 2007.

Experts have been warning that repossessions will soar but this is the first concrete evidence.
David Sandeman, managing director of Essential Information Group, said: 'Repossessions now make up over one in five of the properties on sale at auction.'

Official repossession figures from the first half of the year, from the Council of Mortgage Lenders, will not be published until August.
But the CML predicts repossessions will rise sharply this year from 27,100 last year to 45,000 this year, equal to nearly 125 families every day.

Repossession can have devastating consequences on families who lose their homes. It can lead to depression, divorce and an agonising disruption to children's lives who often have to move schools and lose touch with friends.

These days, it is becoming a reality for more families as inflation-busting rises in household bills and mortgage payments cripple their finances.
The number of families who are 'getting by' but describe their finances as 'pretty tight', has jumped according to the research firm Mintel.
In 2006, 25% said they were only just surviving but this has jumped to around 40%, its report reveals today.

Other figures, published yesterday by the National Association of Estate Agents, confirm the crisis facing anyone who needs to sell their home, particularly if they are in a rush.

Last month, estate agents sold an average of just six homes, which has more than halved from an average of 13 in the same month last year. One estate agent from the North East described the first half of this year as 'a complete disaster', adding: 'I can't see any light at the end of the tunnel.'

One from Devon said: 'Transactions are down around 60% which has sent shivers down the spine.'
He said there were signs of a slight improvement over the past week with 'an increasing perception' that prices 'will not fall forever'.

Several agents said buyers are so nervous that they are regularly getting 'cold feet' on the day that contracts are due to be exchanged.
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

23.07.08 15:24

18637 Postings, 7410 Tage jungchenMortgages plunge

Property woe grows as mortgages plunge
23 July 2008, 10:43am

Banks have described the property market as the slowest since the 1990s crash after mortgages for home purchase dived 67% year-on-year in June to a new record low.

Latest figures from the British Bankers' Association showed the number of mortgages approved for home buyers tumbling by 23% from May to June, to just 21,118.
The data is considered a leading indicator for house prices and highlights the dramatic slump in transactions in the property market, with the number of loans for house purchase the lowest figure recorded since the BBA began its reports in 1997.

Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

31.07.08 10:47

18637 Postings, 7410 Tage jungchenund weiter geht der freie fall

House prices fall at fastest rate since '91
Thu Jul 31, 2008 8:15am BST

LONDON (Reuters) - House prices fell 1.7 percent on the month in July and at the fastest annual rate since at least 1991, the Nationwide building society said on Thursday, in a further sign the housing market is cooling fast.

The figures came hours after a survey showed consumer confidence fell to a record low this month, highlighting the uphill struggle facing Prime Minister Gordon Brown if he is to regain public support before the next election.

The GFK NOP consumer confidence index fell five points to -39 in July, the lowest reading since the survey began in 1974.

Nationwide said the average house price fell for a ninth straight month in July to 169,316 pounds -- 9 percent below the peak hit in October last year of 186,044 pounds and the lowest level since August 2006.

House prices were down 8.1 percent compared to the same month a year ago -- the biggest annual fall since the monthly series began in January 1991.

"The combination of weaker consumer confidence and sharply slowing house prices will take its toll on consumer spending and the broader economy throughout the remainder of this year," said George Buckley, chief UK economist at Deutsche Bank.

Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

28.08.08 09:55

18637 Postings, 7410 Tage jungchennaechste monatliche bestandsaufnahme

House prices 'fall 10.5% in year'

UK house prices have seen an annual double-digit fall for the first time since 1990, according to the latest survey from the Nationwide.

The 10.5% annual decline came after house prices dropped by 1.9% in August, the building society said.

The average home now costs £164,654 which is more than £19,000 cheaper than in the same month last year.

Gloomy forecasts from house builders mean the market is likely to remain subdued, Nationwide says.

The Nationwide survey found that house prices have fallen for 10 months in a row and are at their lowest level since early 2006.
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

30.09.08 15:51

7985 Postings, 6916 Tage hotte39# 14+ # 20: Jgfreeman, ist eine "Miete" gemeint?

Oder eine Finanzierung? Umgerechnet 600,- EUR für ein Kellerzimmer, also ohne Tageslicht? Das ist schon der Hammer. Wenn die jedoch alle viel verdienen, wesentlich mehr als bei uns, dann ist das aber relativ. Sicher, ein Student ist nicht dazuzuzählen.

Ein Beispiel aus unserer Zeitung vom Samstag: Für 700,- EUR kann ich hier eine DHH mieten. Baujahr 2006.
140 qm + NF, 5 ZKBWC, 2 Terr., Garten. Dazu kommen noch NK und 2 MM Kaution. Sicher, ein Vergleich ist das nicht. Aber in Berlin wäre es auch wesentlich billiger  als in London.  

30.09.08 15:59

18637 Postings, 7410 Tage jungchentja hotte

mieten sind in der tat hoch, besonders natuerlich innerhalb londons.
wohne auch zur miete... kueche, bad, schlafzimmer, wohnzimmer fuer rund £1000 warm.

selbst berlin kann man mit london nicht vergleichen. wenn du teure grossstaedte in deutschland zum vergleichen suchst, muss man wohl nach muenchen, koeln, duesseldorf oder hamburg schauen.
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

30.09.08 22:56

2032 Postings, 8182 Tage jgfreemanHaeuserpreise weiter im Fall

@Hotte - Miete!

Aber das Kellerzimmer hatte Tageslicht, ueberhaupt wird haeufig der Erdboden auf 1m ausgeschachtet, damit man eben den Keller als Zimmer mitbenutzen kann.

Ingesamt habe ich 90% meines Vermoegens in EURO umgeschichtet, davon 40% Cash, 30% Anleihen, 10% Derivate (gegen das Pfund) und 10% Aktien.

Man muss sich nur vor Augen fuehren, welche Geldmenge jeden Monat von Pfund in Euro getauscht werden muessen, damit die Britischen Importeure ihre Rechnungen zahlen koennen. Mit jedem Umtausch wird der Schuldenberg dieser Oekonomie hoeher.

13.12.08 22:12

2032 Postings, 8182 Tage jgfreemanPfund Crash

Jetzt steht das Pfund schon bei 1.11 gegen den Euro...

Die Financial Times hatte am Freitag ne dicke Schlagzeile auf Seite 1 und ich mag mir nicht vorstellen, wohin das noch fuehren soll. Die Fundamentalkraefte gegen das Pfund sind weiterhin intakt. Aus meiner Sicht immer noch lohnswert mit Derivaten voll draufzuhalten.

Wirtschaft in UK = Finanzen & Immobilien,... Auf Maerkten fuer Gueter und Dienstleistungen wirkt eine schwache Waehrung positiv. Fuer (Finanz-)Assets koennte eine schwache Waehrung eine prozyklische Dynamik entfachen, die hier einen wahren Run verursachen koennte. Fuer mich ist es durchaus moeglich, dass das Pfund an einem Tag mal 20% runterdreht...

Wenn man ansieht mit welche Wucht hier im Moment die (I.-)Banken Leute vor die Tuere setzen, kann einem Angst und Bange werden. Ueberall massive Einschlaege vor der Boni-Saison im Jan/Feb

13.12.08 22:23

305 Postings, 5048 Tage neu_hierMieten in London

Der Großraum London war schon immer massiv überteuert, ich kann mich erinnern daß Anfang der 80er ein primitives 40 qm Appartement in einem Vorort 400 Lb gekostet hat, das waren damals umgerechnet 1600 DM und für das Geld konnte man in den meisten Regionen Deutschlands ein  prächtiges Haus mieten.  

12.03.09 09:33

18637 Postings, 7410 Tage jungchenHouse prices could drop another 55%

House prices 'could drop another 55%'
11 March 2009

House prices could slump by another 55%, a respected City forecaster warns.

It also predicts a deep recession lasting throughout next year and a 'very real probability' that Britain will go bankrupt.
The report leaked yesterday from financial analysts Numis Securities says that the collapse in house prices is not 'anywhere near over'.

They have already fallen 21% from their peak, but the report says they will slump further by up to 55% if the over-correction in prices is as bad as in the early 1990s.

That would leave six million Britons in negative equity - when their house is worth less than their mortgage. Yesterday also saw Alistair Darling warn that there could be 'no instant remedy or overnight solution' to the economic crisis.

The Chancellor used a speech to prepare the ground for slashing growth forecasts that now appear wildly optimistic. In November he had predicted that the economy would shrink by about 1% this year, before growing by about 1.75% in 2010. He is expected to tear up those predictions in next month's Budget.

Mr Darling said: 'It is crucial to remember that we are dealing with a constantly evolving problem - making life difficult for every country.

'Since November we have witnessed a collapse in world trade not seen in generations and a much deeper and more widespread global recession, with every country affected.'

He added: 'When it comes to economic forecasts, even the International Monetary Fund finds it difficult to hit this moving target.'

But the Numis report is scathing about the Government's response to the recession and warns it may end up needing a 1970s-style bailout from the IMF.

'The bankruptcy of the UK is a very real probability as the UK government is trying to stimulate a greater debt burden in a grossly over-indebted economy,' it says.

'We believe the scale of the imbalances in the UK means there is no prospect of a recovery in 2009 and we expect the UK to be mired in a deep recession through all of 2010.' It calls the Government's aim to get banks to lend again at 2007 levels 'crazy' and warns against anyone borrowing now to enter the property market.

Numis predicts house price falls will accelerate in coming months as amateur buy-to-let investors begin to 'panic sell' their portfolios. The biggest collapse will be in the glut of city centre flats and executive homes built in the past decade, it claims.

Numis suggests that the average house price - around £160,000 even after recent falls - is over-valued by between 17% and 39%. It calculates that the average house price should be just £96,000, based on average earnings and the old lending limit of three times salary plus a 25% deposit.
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.

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