Jump to content

Recommended Posts

Fair enough Gerrard, but I feel the opposite really, I've "done Dulwich", and feel happy that I can jump on a bus and enjoy the eating and drinking placed of ED after a 10-15 minute ride (that runs all night), and yet get away from it too. Don't get me wrong, ED will always kind of be home to me, especially as long as my parents are alive (so hopefully quite a few years yet), and a couple of years ago I was loathed to move up to Sydenham, but now having looked at flats to buy in both areas, it feels like a no brainer to me. But different folks and all that.


For the record, the "Bridge House Inn" has recently been done up beyong recognition, and is REALLY nice. Went there for a cheeky beer yesterday, and was very impressed.

In my opinion South East London as a whole is set to go through the roof again as soon as some liquidity comes back into the market. Initially higher growth will be around CP with tube, but nunhead, brixton, brokley etc are all becoming more desirable and are widely known to be some of the last places in London where buying your first freehold house is still achievable. Probably have around 12-18 months to get through first.

Loads of people in ED are investing in their houses right now. Shed loads of loft conversions and extensions adding value long term.

Residential derivatives are already available, although not as accurate as I'd like for purposes of hedging against a fall in your own property. You are able spread-bet or even buy a put warrant against a property index (normally Halifax linked). These are available for regional sectors also, so you can gain exposure exclusively to London if you so desire.


So yes, it is possible to protect against a fall in your house price.


The same can be said for those worried about increases in the price of oil. You're able to buy exposure in oil, such that you will gain from any increase in oil prices. It'll be tough to hedge this precisely, but check out the ticker OILB.L if you're interested...

Macroban - well if renovating my own house to live in and enjoy makes me a "local property developer" then the answer is yes. Do you really think a local property developer would need to come on a forum like this to try and find an architect?


My comment states that it is my opinion. It also mentions a very large area of London. If you disagree just say so and reply with a normal post. That's what a forum is for.


I'll leave it to you to decide wether you need to be suspicious and make unnecessary assumptions of people.

  • 2 weeks later...
though everyone seems to be talking flats as far as anyone i know trying to sell houses nothing is moving- mainly it seems because further down the ladder no-one can get a mortgage so the whole chain collapses. it doesnt seem to be an issue with price- people coming in the door who want the house just cant sell their own one first at any price. anyone who can afford to is just hanging on to see what happens to the market (after all why buy this year if next year its all dropped another 10% or even more) whilst those who HAVE to move are giving up and renting both ends..... either prices have to drop or banks have to relax lending rules but to be honest as long as we all go down in price together so if you have a property what is needed to buy will be the same relative to what you are trying to sell. those who arent on the ladder yet of course are shouting hurrah. feel most sorry for those who have bought at the height and are now paying hefty mortgages whilst watching their investment collapse. how come no-one at any of the banks is getting axed- they caused all this by over lending ridiculous sums out of sheer GREED in being able to make so much money- now when it all collapses they are long gone with fat bonuses lining their pockets.....
"how come no-one at any of the banks is getting axed- they caused all this by over lending ridiculous sums out of sheer GREED in being able to make so much money- now when it all collapses they are long gone with fat bonuses lining their pockets....."


Reality check at table 7 please!


http://news.hereisthecity.com/news/business_news/7851.cntns

Was listening to radio this morning, and some bloke was saying he reckoned the market will drop at least 20-25% from it's peak last year, and maybe up to a third...


Flats I've looked at don't seem to be shifting off the market either, and people do seem to be slicing chunks off of asking prices.


At the end of the day though, no one but the most desperate are going to take a 25-33% loss, so you can see it grinding to a halt a bit. Who are the winners... the bloody landlords charging high rent whilst the housing market sits still! (6)

I've done a lot of research on mortgages recently. HSBC (who do not offer any mortgages through a broker) still have some relatively competitive products (for example, a 1% LT BoE tracker) and just offered me a 4.6x salary mortgage with 80% LTV.


If you're looking to move up the ladder, I think it's worth looking and putting in some 'silly' offers.


> 10% down on a ?250k flat = -?25k

> 10% down on a ?500 house = -?50k

>> So, you're up ?25k net. But your risk exposure is higher.


Personally, I'm still waiting for the crest of the slump although I think houses on my street are already down ~15% from last year.


East Dulwich prices shot up a lot more that other areas in London over the past few years, so we have to expect a bigger fall too.

Several places have sold recently in the area, including a place I was watching on Oakhurst Grove. It's just a question of pricing your property realistically. However, the agents presumably want to keep prices as high as they can, and seem to be marketing properties at prices which they will never possibly acheive.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • Does anyone know when the next SNT meeting is? I am fed up with my son being mugged on East Dulwich Grove! 
    • The issue must be everywhere at the moment. I was visiting a friend last week in Bermondsey, think we were walking  down Linton Rd & we dodged 7 dog poos. It was disgusting. 
    • Thanks for your message — I actually took the time to look into what CityHive does before posting my original comment, and I’d encourage anyone with questions to do the same. Yes, the Companies House filings are overdue — but from what I’ve gathered, this seems likely to be an accountant or admin issue, not some sign of ill intent. A lot of small, community-based organisations face challenges keeping up with formalities, especially when they’re focused on immediate needs like food distribution. Let’s not forget CityHive is a not-for-profit, volunteer-powered CIC — not a corporate machine. As for the directors, people stepping down or being replaced is often about capacity or commitment — which is completely normal in the voluntary and community sector. New directors are sometimes appointed when others can no longer give the time. It doesn’t automatically mean bad governance — it just means people’s circumstances change. CityHive’s actual work speaks volumes. They buy most of the food they distribute — fresh produce, essential groceries, and shelf-stable items — and then deliver it to food banks, soup kitchens, and community projects across London. The food doesn’t stay with CityHive — it goes out to local food hubs, and from there, directly to people who need it most. And while yes, there may be a few paid staff handling logistics or admin, there’s a huge volunteer effort behind the scenes that often goes unseen. Regular people giving their time to drive vans, sort donations, load pallets, pack food parcels — that’s what keeps things running. And when people don’t volunteer? Those same tasks still need to be done — which means they have to be paid for. Otherwise, the whole thing grinds to a halt. As the need grows, organisations like CityHive will inevitably need more support — both in people and funding. But the bigger issue here isn’t one small CIC trying to make ends meet. The real issue is the society we live in — and a government that isn’t playing its part in eradicating poverty. If it were, organisations like CityHive, The Felix Project, City Harvest, FareShare, and the Trussell Trust wouldn’t need to exist, let alone be thriving. They thrive because the need is growing. That’s not a reflection on them — it’s a reflection on a broken system that allows people to go hungry in one of the richest cities in the world. If you're in doubt about what they’re doing, go check their Instagram: @cityhivemedia. You’ll see the real organisations and people receiving food, sharing thanks, and showing how far the impact reaches. Even Southwark Foodbank has received food from CityHive — that alone should speak volumes. So again — how does any of this harm you personally? Why spend time trying to discredit a group trying to support those who are falling through the cracks? We need more people lifting others up — not adding weight to those already carrying the load.
    • Well, this is very disappointing. Malabar Feast  has changed its menu again. The delicious fish curry with sea bass no longer exists. There is now a fish dish with raw mango, which doesn't appeal. I had dal and spinach instead, which was bland (which I suppose I could/should have predicted). One of my visitors had a "vegetable Biriani" which contained hardly any vegetables. Along with it came two extremely tiny pieces of poppadom in a large paper bag.   This was embarrassing, as I had been singing Malabar's praises and recommending we ordered from there. The other mains and the parathas were OK, but I doubt we will be ordering from there again. My granddaughters wisely opted for Yard Sale pizzas, which were fine. Has anybody else had a similar recent poor (or indeed good!)  experience at Malabar Feast?
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...