London Area Real Estate Market

[PlatyPius 5]

Just a bit of info for anyone in/near London selling their house... List it high. LOL

Sian listed her house for sale last Tuesday for £190,000 (She lives in Sutton). It sold on Thursday for ......... £190,000. LOL I can't imagine a house selling that quickly here in the states. Especially for the full asking price. Nor can I imagine a house that small selling for that much. I doubt that she has 1000 sq. ft. Anyway, it is sold, pending the outcome of the Interview on the 3rd of October. (She made sure to work that into the contract)

[KaiserD 12]

Yeah living in England is fine if you have a house! Still living with mum and no property of my own, I have pretty much (financially) nothing to loose by moving. Such is life I guess

[cheeky^Wolf 0]

It amazes people over here when I tell them I sold my 2 bedroom apartment for $250,000 within 2 weeks of putting it on the market.

I just feel so sorry for first time buyers over there, it's so hard to get on the ladder with prices so high.

[Tim and Bethanie 1]

Larry, glad to hear the house has sold quickly, much closer to being together.

Bethanie

[Lou Lou 1]

I've sold 3 properties in London over the past 8 years and all 3 have sold within a week. Two of them over the asking price. Currently raking in rental fees until I decide what to do with my current one next as I'm too scared to get off the ladder

[homesick_american 1]

Our house in York is valued at £190,000; we already have some interest and it's not even on the market yet because we still don't have hubby's visa. We refuse to put up a 'for sale' sign until the visa is in our possession.

Of course, the price of £190,000 doesn't mean anything unless you know what we paid for the house and how much is still left on our mortgage. We bought it in 2001 for £110,000 and since we took out a 100% mortgage, we have £100,000 left on it. If we sold for £190,000 we'd clear nearly $170,000 in profits at market exchange rates. Better yet, the taxman here doesn't get a single penny of it.

I gotta say...if you got into property in the last 5-10 years in the UK, you've probably made out like a BANDIT. Best investment ever.