London Apartment-Price Crash

[PalazioVecchio]

The Spring first time buyers or lack of them will tell us if this blip will in fact be a full time crisis .Indications are it could be the latter .

you wrote that before Trump nuked the chances of any Interest Rate cuts. Which really answers your question. Of course with the highest levels of gearing in the London market.

https://www.bloomberg.com/news/articles/2025-12-15/the-real-price-of-a-london-apartment-has-sunk-22-in-the-last-decade

 

[Badger11]

I have heard from lots of people they have been told their lease will not be renewed as the owner is selling up. This must have an impact on the market.

 

[PalazioVecchio]

... people have been told their lease will not be renewed as the owner is selling up. This must have an impact on the market.

correct. More Sellers than buyers out there.

London house prices sink again as inflation looms

House prices in London have fallen for the seventh consecutive month, with the drop widening to more than three per cent.

www.cityam.com

and the article below describes 'plummeting prices'

MSN

and Zone 1 has taken a hammering....

London’s prime property market is one of the world’s worst

The latest wealth report ranks the capital 93rd out of 100 cities for luxury house price growth — and its authors blame Rachel Reeves’s tax changes

www.thetimes.com

 

[Racehorse-80s]

correct. More Sellers than buyers out there.

London house prices sink again as inflation looms

House prices in London have fallen for the seventh consecutive month, with the drop widening to more than three per cent.

www.cityam.com

Going to get even worse at the prime end of the market if shares prices have the predicted downward correction forecast by the BOE today .
Reckon there’s an insider dealing scandal waiting to come out the woodwork .

 

[Casual]

Majority of the falling prices in London are for leasehold flats, which most buyers now won't touch, and rightly so - service charge bills are exploitative to the extreme.

Most new-build developments in London don't sell out anymore, with developers hanging onto dozens of units post-completion of the building - this type of reality was completely unheard of 10 years ago, and the difficulties developers are having in finding buyers is meaning a lot of hesitancy in them launching future projects.

Major reform of the sector is needed.

A new block has just been finished in orpington high street (where Woolworths used to be ) they came without 1 parking space. All yellow lines/RingGo round there.
They didn’t sell 1 of them.
All going to social housing now apparently.

My mate bought the private rd next to it, as he has offices down there.
The builder approached him, as they needed their scaffold to hang over his rd. he charged them 100 grand and bought a new car!

 

[cryrst]

A new block has just been finished in orpington high street (where Woolworths used to be ) they came without 1 parking space. All yellow lines/RingGo round there.
They didn’t sell 1 of them.
All going to social housing now apparently.

My mate bought the private rd next to it, as he has offices down there.
The builder approached him, as they needed their scaffold to hang over his rd. he charged them 100 grand and bought a new car!

They knew they wouldn’t sell and social get their parking paid or free permits.
More voters for 2tk

 

[HKOwen]

A new block has just been finished in orpington high street (where Woolworths used to be ) they came without 1 parking space. All yellow lines/RingGo round there.
They didn’t sell 1 of them.
All going to social housing now apparently.

My mate bought the private rd next to it, as he has offices down there.
The builder approached him, as they needed their scaffold to hang over his rd. he charged them 100 grand and bought a new car!

Say hello to your new neighbours, young men from stone age cultures who live off your tax

 

[ASCPFC]

Say hello to your new neighbours, young men from stone age cultures who live off your tax

And sub let each apartment to fifteen others.

 

[HKOwen]

And sub let each apartment to fifteen others.

Are you suggesting that the good people given social housing would then illegally sub let for gain because they know the local council don't care or bother to check?

You'll have illegal migrants openly smoking weed on the streets next...hang on

I seem to recall there were outrageous suggestions this was not uncommon in the Grenfell tragedy.

I forgot, the practice in Grenfell was well known but the council waived all prosecutions so they could get a more accurate number of deaths, of course no one admitted it.

Total piss take of those who are net payers taxes by those who are net receivers

 

[cryrst]

Are you suggesting that the good people given social housing would then illegally sub let for gain because they know the local council don't care or bother to check?

You'll have illegal migrants openly smoking weed on the streets next...hang on

I seem to recall there were outrageous suggestions this was not uncommon in the Grenfell tragedy.

I forgot, the practice in Grenfell was well known but the council waived all prosecutions so they could get a more accurate number of deaths, of course no one admitted it.

Total piss take of those who are net payers taxes by those who are net receivers

It’s racist don’t you know to accuse non whites of breaking the law 🤦

 

[HKOwen]

It’s racist don’t you know to accuse non whites of breaking the law 🤦

I did not mention the ethnicity............what a terrible assumption you are making

 

[cryrst]

I did not mention the ethnicity............what a terrible assumption you are making

Well never mind although I think I might be on the money

 

[HKOwen]

Well never mind although I think I might be on the money

Some might think that, I couldn't possibly comment 😎

 

[HKOwen]

The Renter's Rights Act is reducing supply and therefore increasing rents, well done Labour

 

[Racehorse-80s]

The Renter's Rights Act is reducing supply and therefore increasing rents, well done Labour

When I was a boy , People rented because they couldn’t afford to buy , Now it’s more expensive to rent than buy , A correction was always on the cards TBH even more so now there’s little capital gain for Landlords if any from annual house price inflation , Too easy to just blame rent reforms , Rachel is planning a rent freeze soon , It will certainly happen if Starmer is topped .
Sell up and stick the money in savings at 4% guaranteed return until the economy is more stable is my advice .

 

[CPFCSaturn]

The Renter's Rights Act is reducing supply and therefore increasing rents, well done Labour

RRA is far from a perfect policy, but this doesn't feel accurate - rents are not particularly increasing in London, certainly no more steeply than in an average year.

Landlords selling up has been a trend for the last few years, predominantly driven by rising interest rates and service charge bills - rent doesn't cover costs in a lot of cases now. I don't think RRA has helped in this regard, but I also don't think it's the cause.

Landlords selling up will also continue to push purchase prices down and this should open up buying to more local people, which is no bad thing.