Figures show Brighton property prices are on the rise (From The Argus)

Take with a pinch of salt. I think it depends very much on individual circumstances in this market. Finding the right buyer, having a strong negotiating position etc. I know people in the areas mentioned above who are in negative equity. The danger - for homeowners at least! - is that property in B&H is still significantly over-valued. Only time will tell...

Take with a pinch of salt. I think it depends very much on individual circumstances in this market. Finding the right buyer, having a strong negotiating position etc. I know people in the areas mentioned above who are in negative equity. The danger - for homeowners at least! - is that property in B&H is still significantly over-valued. Only time will tell...

hmmm. not sure i'd agree with prices going up - my very nice flat in exclusive hove address has just been valued at 15k less than bought for (in 2008)

hove dweller wrote:
hmmm. not sure i'd agree with prices going up - my very nice flat in exclusive hove address has just been valued at 15k less than bought for (in 2008)

Prices have gone up by 2% compared to last year.

2008 was the absolute top of the property market. No-one is claiming a rise on that point in time. The vast majority who bought in 2008 are looking at losses or holding their value at best.

hove dweller wrote:
hmmm. not sure i'd agree with prices going up - my very nice flat in exclusive hove address has just been valued at 15k less than bought for (in 2008)

Prices have gone up by 2% compared to last year.

2008 was the absolute top of the property market. No-one is claiming a rise on that point in time. The vast majority who bought in 2008 are looking at losses or holding their value at best.

Why is everything being repeated?

jamus77 wrote:
Why is everything being repeated?

a most profound and philosophical comment

It's quite annoying knowing that if you took the money from selling a poxy little one-bedroom flat in Brighton and bought a house abroad you'd more then likely be able to afford a mansion.

The UK housing prices are way too high for most people now. The article states they have gone up by 42% since 2002. I wonder how much they've gone up by from 1997? You could get spacious city-centre two-bedroom flats then for £45K. Now days that will be a quarter of a million pounds.

Even if i had millions i'd never live on Dyke road. Over priced houses. 2.5 million doesn't get you a great deal. I'd prefer a much more modest house, who needs a 6 bedroom 4 bathroom house? My target will be to try to move back to Brighton if I can ever afford to. Prices in some parts of Brighton and Hove are insane and people are forced to pay high rents, which aint no fun. Many landlords making lots of money while the younger generations suffer and cant afford to buy because everywhere is so **** expensive.

Spanners wrote:

hove dweller wrote:
hmmm. not sure i'd agree with prices going up - my very nice flat in exclusive hove address has just been valued at 15k less than bought for (in 2008)

Prices have gone up by 2% compared to last year.

2008 was the absolute top of the property market. No-one is claiming a rise on that point in time. The vast majority who bought in 2008 are looking at losses or holding their value at best.

Yep same as my flat in my mid sussex. Lost quite a bit of money. What makes me angry is, I've spent money of the lease extension, and the previous owners made about 70k in 5 years. They did do it up a bit, but I'll never make anywhere near that.

Hoarder12345444 wrote:

Spanners wrote:

hove dweller wrote:
hmmm. not sure i'd agree with prices going up - my very nice flat in exclusive hove address has just been valued at 15k less than bought for (in 2008)

Prices have gone up by 2% compared to last year.

2008 was the absolute top of the property market. No-one is claiming a rise on that point in time. The vast majority who bought in 2008 are looking at losses or holding their value at best.

Yep same as my flat in my mid sussex. Lost quite a bit of money. What makes me angry is, I've spent money of the lease extension, and the previous owners made about 70k in 5 years. They did do it up a bit, but I'll never make anywhere near that.

I think that's one of the major issues though as too many people think of property as an investment, rather than a place to live.

The interest rates are kept low for homeowners; there are a huge number of BTL mortgages for people looking to make some money from nothing; most benefits end up in landlord's pockets; and those without a mortgage will need to save up over £100K (on average for Brighton) just to get on the ladder.

We're leaving a generation behind so that a few people can make some money.

Spanners wrote:

jamus77 wrote:
Why is everything being repeated?

a most profound and philosophical comment

I thought so.

Is it really any wonder the city's most vulnerable people are forced to squat when B&h's property prices continue to rise and rise.

These people don't want to squat but have no choice.

House prices in Brighton are grossly over inflated. This is unsustainable over the long term, as people will move away, there will then be a glut of properties for sale, and prices will assume a more realistic level.
Prices are still not what they were 4 years ago, so I would take this 'talking up the market' from estate agents, of ALL people, with a large boulder of salt.

Gaz Scott wrote:
Is it really any wonder the city's most vulnerable people are forced to squat when B&h's property prices continue to rise and rise.

These people don't want to squat but have no choice.

Absolute nonsense, as usual

jamus77 wrote:

Spanners wrote:

jamus77 wrote:
Why is everything being repeated?

a most profound and philosophical comment

I thought so.

and me lol

Somethingsarejustwro
ng wrote:

Gaz Scott wrote:
Is it really any wonder the city's most vulnerable people are forced to squat when B&h's property prices continue to rise and rise.

These people don't want to squat but have no choice.

Absolute nonsense, as usual

what a load of b****cks.words fail me i'm fast losing the will to live with stupid people that make inane comments yawn

imnotpc wrote:

Somethingsarejustwro

ng wrote:

Gaz Scott wrote:
Is it really any wonder the city's most vulnerable people are forced to squat when B&h's property prices continue to rise and rise.

These people don't want to squat but have no choice.

Absolute nonsense, as usual

what a load of b****cks.words fail me i'm fast losing the will to live with stupid people that make inane comments yawn

Couldn't agree more with you.

Fercri Sakes wrote:

Hoarder12345444 wrote:

Spanners wrote:

hove dweller wrote:
hmmm. not sure i'd agree with prices going up - my very nice flat in exclusive hove address has just been valued at 15k less than bought for (in 2008)

Prices have gone up by 2% compared to last year.

2008 was the absolute top of the property market. No-one is claiming a rise on that point in time. The vast majority who bought in 2008 are looking at losses or holding their value at best.

Yep same as my flat in my mid sussex. Lost quite a bit of money. What makes me angry is, I've spent money of the lease extension, and the previous owners made about 70k in 5 years. They did do it up a bit, but I'll never make anywhere near that.

I think that's one of the major issues though as too many people think of property as an investment, rather than a place to live.

The interest rates are kept low for homeowners; there are a huge number of BTL mortgages for people looking to make some money from nothing; most benefits end up in landlord's pockets; and those without a mortgage will need to save up over £100K (on average for Brighton) just to get on the ladder.

We're leaving a generation behind so that a few people can make some money.

And whas wrong with making money? Is it illegal to buy to let? Or maybe you'd prefer to live in a Soviet style planned economy where people are allocated resources with no incentive to better themselves. I’m so tired of people moaning at others fortunes-get off your welfare seeking rear ends and sort your lives out!