Quote:- “Five to 10 years ago auction buyers were snapping up properties in Dulwich, Camberwell and Peckham. At the moment we are seeing more buyers seriously investing in places like Lewisham, Sydenham and Forest Hill.”
From an ES article about property auctions......
http://www.standard.co.uk/news/london/h ... rnalSearch
Sydenham "property hotspot"
Re: Sydenham "property hotspot"
As an owner occupier, should I feel good about this?
Re: Sydenham "property hotspot"
It's interesting that the comments include one about the new huge development in kid broke where some free market developer built one bedroom new builds cost as much as some Victorian terrace houses in lower Sydenham! It's nice that the area is now thought of as desirable. But housing and the huge depts that go with home ownership is still an issue. Surely we need to break the cycle of house price over inflation bubbles in order to have a long term fixed economy?
[ Post made via Mobile Device ]
[ Post made via Mobile Device ]
Re: Sydenham "property hotspot"
Yes Lee
These high prices are a disaster for the economy.
These high prices are a disaster for the economy.
Re: Sydenham "property hotspot"
We do, but in the polite suroundings of the café. let's not debate further howleenewham wrote:It's interesting that the comments include one about the new huge development in kid broke where some free market developer built one bedroom new builds cost as much as some Victorian terrace houses in lower Sydenham! It's nice that the area is now thought of as desirable. But housing and the huge depts that go with home ownership is still an issue. Surely we need to break the cycle of house price over inflation bubbles in order to have a long term fixed economy?
Re: Sydenham "property hotspot"
From our vantage in Sydenham, we may feel that property owners in Kidbrooke are paying a stupid amount for a one bedroom flat, relative to what they could get in Sydenham.
Kidbrooke flat purchasers may think home owners in North or central London paid a stupid amount of money, compared with what they did for their own place.
Meanwhile, most of the rest of the country may think everyone in London - be they in Sydenham, Kidbrooke, North or Central London, paid a stupid amount for their property, compared with their own locality.
What does this tell us about what the "ideal" house price should be, or what's "too much" for a property? Only that perceived value is relative, and nothing is fixed.
As my dad always says, "something is worth what someone is prepared to pay for it - no more, no less."
Kidbrooke flat purchasers may think home owners in North or central London paid a stupid amount of money, compared with what they did for their own place.
Meanwhile, most of the rest of the country may think everyone in London - be they in Sydenham, Kidbrooke, North or Central London, paid a stupid amount for their property, compared with their own locality.
What does this tell us about what the "ideal" house price should be, or what's "too much" for a property? Only that perceived value is relative, and nothing is fixed.
As my dad always says, "something is worth what someone is prepared to pay for it - no more, no less."
Re: Sydenham "property hotspot"
For the politics of this, see you in the pub