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Frank Hovis

Prime London down 16% since peak; >25% real terms

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Posted (edited)

The stories of falls have been drip fed so it's the first time I've seen this number quoted.  It's also in nominal terms so as this is since 2014 you can probably add RPI of 9% to get >25% so down a quarter.  Publish that Daily Express!

 

Q4 2017

Annual growth 2017

Since 2014 peak

5 year growth to end   2017

5 year forecasts

2018-2022

Prime central London

-0.9%

-4.0%

-15.9%

-6.7%

20.3%

Prime South West London

-1.6%

-4.2%

-7.3%

9.9%

See below

Outer prime London average

-1.2%

-3.3%

-5.8%

9.5%

10.2%

 

http://www.savills.co.uk/_news/article/72418/225925-0/01/2018/outer-prime-london-family-homes-see-values-drop-as-prime-central-london-falls-slow

Edited by Frank Hovis

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5 minutes ago, Frank Hovis said:

The stories of falls have been drip fed so it's the first time I've seen this number quoted.  It's also in nominal terms so as this is since 2014 you can probably add RPI of 9% to get >25% so down a quarter.  Publish that Daily Express!

 

Q4 2017

Annual growth 2017

Since 2014 peak

5 year growth to end   2017

5 year forecasts

2018-2022

Prime central London

-0.9%

-4.0%

-15.9%

-6.7%

20.3%

Prime South West London

-1.6%

-4.2%

-7.3%

9.9%

See below

Outer prime London average

-1.2%

-3.3%

-5.8%

9.5%

10.2%

 

http://www.savills.co.uk/_news/article/72418/225925-0/01/2018/outer-prime-london-family-homes-see-values-drop-as-prime-central-london-falls-slow

Ah but the forecast is for a 20 percent rise B|

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3 minutes ago, One percent said:

Ah but the forecast is for a 20 percent rise B|

 

Whenever I'm asked at work I just give people the forecast RPI and say to use that.  I did one time have a really good research to see if anyone was properly forecasting house prices based upon a matrix of underlying factors such as inflation, interest rates, wage growth, projected build numbers but nobody does.  Savills probably just use RPI forecasts like I do.

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3 hours ago, One percent said:

Ah but the forecast is for a 20 percent rise B|

Might still happen if GBP is about 80 Euro cents and 90 dollar cents. The elite are already diversified into assets and other currencies so they won't care what the plebs have to suck up with a plunging pound.

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