Singaporean buyers for City North?

Mirandola · October 2013

http://www.standard.co.uk/comment/janice-morley-home-buyers-are-losing-out-to-investors-abroad-8871429.html

Ognep · October 2013

http://www.savills.com.hk/property-showcase/international-residential-sales/city-north.aspx Quite a bit on there.

ChangN4N6 · October 2013

And they fine you for not flushing the loo in Singapore ( make a fortune in Lorne Rd) Chang

Mirandola · October 2013

£275k for a studio. Hadn't realised they were pitching it that high.

Sutent · October 2013

Thats so expensive!

graeme · October 2013

£275k is cheap in London now guys. Plus with Help To Buy, even people who cannot afford to buy can afford to buy, thanks to the taxpayer. It's inspired!<span class="storyTop "> <i>*wishes he'd not bothered saving, and instead banked on being helped out by more prudent members of the public*</i><br><br><br></span>

Sutent · October 2013

I am not an economist. But if demand (with help to buy) > supply then wont that push prices up?<div><br></div><div>Bigger mortgages<br>People borrow more than they can afford </div><div>People miss payments </div><div>Bubble burst</div><div>Banks go under</div><div>government borrow and bail banks out</div><div><span style="font-size: 10pt;">Poor people get punished</span></div><div><span style="font-size: 10pt;"><br></span></div><div><span style="font-size: 10pt;">I heave heard this somewhere before </span></div><div><br></div>

Tomtom · October 2013

Help to buy is obviously great for first time buyers and residential developers who can get rid of their stock quicker and for higher prices but have people not learnt that a 5% deposit is not a good idea? It feels a bit like credit crunch reloaded.

miss annie · October 2013

It's insane. It is not cheap. We have been brainwashed into thinking that it's reasonable to pay a quarter of a million pounds for a crappy pile of breeze blocks on top of a station in what everyone regards as a dump (apparently). The same crappy bricks would be worth tuppence in another part of the country,it's ridiculous. I am giving serious thought to moving away!

graeme · October 2013

It's almost as if the MPs who are pumping up the cost of property have a vested interest in keeping property prices high. That's because the majority of them own multiple properties, and a fair chunk of them are landlords with buy-to-let portfolios. Who wouldn't want to protect the value of their assets? <br><br>Helping FTBs on the property ladder? Yes, that'll be right. <br><br>http://www.theguardian.com/commentisfree/2013/jul/17/when-we-pay-rent-to-our-mps<br>;

Papa · October 2013

@Graeme, it's political self interest not the desire for personal wealth driving Help to Buy.<br><br>Osborne rolled the dice on the easiest way to get the economy going so they can get re-elected.<br><br>Same thing that stopped Gordon Brown doing anything to cool Britain's biggest and most devastating house price boom when he was Chancellor - he wanted to be PM so was happy for all those quarters of consecutive growth that was really an economy on a cocaine binge.<br><br>As a buyer, a politician or for very short term economics Help to Buy can be a no-brainer. <br><br>Long-term for an economy already too heavily skewed to over-priced housing it is plain stupid.<br><br>5% deposit mortgages aren't the problem, average first-time buyer deposit levels actually rose through the 2000s boom. It was the lenders finding ways to punt out more and more cash by allowing people to overextend at greater income multiples, go interest-only with no plan of repayment and the pumped up buy-to-let new-build market that was the real problem<br>

[Deleted User] · October 2013

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rainbow_carnage · October 2013

As a hopeful first-time buyer, I'm not a fan of the Help to Buy scheme. <br><br>I don't want a new-build, so I've only looked into the 95% mortgages. I have no desire to buy a flat with a 5% deposit. Have you seen the interest rates on offer? It's cheaper to rent than to pay 5.5% in interest. The only way that it makes sense is if prices go up significantly by the time I have to sell. And they might, or they may drop as the economy improves in places like Ireland and Greece, and cash-rich foreigners take their money out of the UK housing market and invest it back home.<br><br>We've saved up enough for a 15% deposit. Not enough to get the best rates, but not too bad. Unfortunately, we're now competing with the people in the Help to Buy scheme, which just pushes up prices for all of us.<br>

miss annie · October 2013

This is interesting on foreign buyers and the exodus of Londoners who are priced out. http://mobile.nytimes.com/2013/10/13/opinion/sunday/londons-great-exodus.html

gardener-joe · October 2013

...

andy · October 2013

London houses are money: http://www.nytimes.com/2013/10/13/opinion/sunday/londons-great-exodus.html

Papa · November 2013

City North - <a href="http://www.rightmove.co.uk/property-for-sale/property-28493340.html?utm_content=ealertspropertyimage&utm_medium=email&utm_source=emailupdates&utm_campaign=emailupdates3day&utm_term=buying&sc_id=8204494&onetime_FromEmail=true">one bedroom flat for sale</a> on the second floor - £438,450<br><br>474 sq feet or 44 sq metres.<br><br>That is £10,000 per square metre<br><br>There's a word for this and it's bubble<br><br>

NorthNineteen · November 2013

That is obscene :-(<br>

[Deleted User] · November 2013

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andy · November 2013

@misscara - Are you moving to the Haringey Ladder?

ChangN4N6 · November 2013

Lorne rd? Now cheaper as its a prime crime spot. Chang

Idoru · November 2013

The north-east, and the 'for that' Misscara was referring to was the 10k

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[Deleted User] · November 2013

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Idoru · November 2013

I'm planning on coming up north with you!<br>

Papa · November 2013

Get in there quickly before the Far East investors arrive otherwise you'll only get one over-priced bonsai tree rather than a whole forest<br>

Tomtom · March 2014

Does anybody know why the construction on City North seems to have stopped?<br>

Arkady · March 2014

It’s damned hard to find any information in the public domain. From what I understand City north, TfL and Network Rail are negotiating an updated planning application that will finalise the new Western Ticket Hall and (maybe) close the Wells Terrace tunnel. That would involve considerable changes to the foundations of the new build, so they may be pausing until it has been agreed.<br>Has demolition finished? Last time went down to Goodwin Street a big chunk of the old building was still there, but that was over a month ago.<br>

Mirandola · March 2014

Close Wells Terrace tunnel? Really?

Sutent · March 2014

It would be good to see the end of the Wells terrace tunnel. It is purposely blocked by romantic hand holding slow coaches

yagamuffin · March 2014

But walking behind two romantic hand holding slow coaches is still going to be quicker than walking all the way around to Fonthill Road to access the tube via the new building. Unless they put an entrance by the fruit stall?

Papa · March 2014

My problem with closing the Wells Terrace tunnel would be the bits where it's very useful and ideally located next to the bus station.<br><br>A dead giveaway as to whether something is worth keeping is whether people use it and its busy. The tunnel seems to fit that bill.<br><br>(In a similar way to how a ticket office does)<br>

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Singaporean buyers for City North?

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