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Simon Cowell Moves Into New $22 Million Mansion (via Simon Cowell Moves Into New $22 Million Mansion
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Click this for a pdf of the report. And check out the following graph, which - in an entirely non-scientific way, and without accounting for recessions or pandemics - looks like value about to be achieved (via theRatandMouse - London’s property blog
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Falling Down
The Bank of England’s release on mortgage lending does show a futher slight rise for March.
The figures show mortgage approvals for house purchases rose to 39,230 in March from 37,716 in February. And this puts the level of approvals reasonably well up from the bottom reached last November of 27,000.
But the numbers are still running at about a third of what might be regarded a “normal” level. On that basis we are still in extraordinary territory as far as mortgage approvals and sales of homes are concerned.
So any encouragement that may be read into these figures should be treated with caution, especially as these figures are for the spring when housebuying activity would generally rise on a seasonal basis.
” - Mortgage lending a bit better but still pretty much on the floor (Brickonomics)
Last August, NBA basketball star Shaquille O’Neal cut the asking price of his Miami mansion, located at 26 Star Island Dr, Miami Beach, FL 33139, from $35 million to $29 million. Recently, he made another price adjustment, dropping it by $6.5 million to $22.5 million. Wow — a $12.5 million price drop in a year’s time! Even multi-millionaires are feeling the heat. (via Shaq Drops Price of Miami Mansion to $22.5 Million | Zillow Blog - Real Estate Analysis, Celebrity Real Estate, and Mortgages
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There is a growing chorus of voices saying that the worst is over in the housing market and that the upturn is not that far away. (via A housing market recovery next year, says CEBR (Brickonomics)
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