Here's interesting information from the BBC:

Greater London
Average Cost: £289,655
Detached: £624,934
Semi-detached: £320,460
Terraced: £308,268
Flat: £239,694

Change in last quarter: 4.7%

Change in last year: 10.3%

Sales: 20812

Greater London Local Authorities

NAME AV PRICE (£) QUARTER ANNUAL SALES

Kensington And Chelsea £525,112 -9.2% 2.4% 492
City Of Westminster £454,724 3.4% 12.4% 635
Camden £322,748 -6.0% 3.5% 444
City Of London £312,684 7.3% -0.9% 46
Hammersmith And Fulham £273,970 -1.0% -3.3% 304
Islington £269,833 2.5% 8% 299
Wandsworth £268,219 2.7% -5.2% 651
Tower Hamlets £254,337 -0.6% 4.4% 570
Richmond Upon Thames £250,053 -1.3% -1.1% 251
Southwark £232,286 -2.1% 10.6% 469
Lambeth £208,710 -1.9% 0.1% 552
Barnet £206,181 -4.0% 1.3% 370
Kingston Upon Thames £202,452 -3.4% 4.4% 218
Harrow £201,110 2.9% 9.8% 194
Hackney £200,371 1% 2.6% 249
Hounslow £195,298 -6.6% 3.6% 239
Haringey £195,120 -3.6% 6.9% 300
Merton £194,508 -1.0% 3.7% 240
Brent £191,571 -3.8% 5.4% 305
Ealing £190,398 -3.5% 3.3% 284
Greenwich £189,823 -2.8% 17% 272
Bromley £188,707 3.3% 8.4% 357
Newham £176,371 -2.3% 9.3% 226
Redbridge £175,392 -1.9% 3.5% 281
Sutton £163,499 1.8% 14.1% 232
Hillingdon £162,902 -1.1% 8% 201
Enfield £160,410 -3.7% 7.7% 307
Lewisham £158,023 -2.1% 3.1% 387
Croydon £155,448 1.9% 10% 359
Waltham Forest £149,766 -2.3% 6.2% 241
Havering £148,152 -2.6% 11.4% 124
Barking And Dagenham £133,038 -4.1% 14.2% 117
Bexley £128,696 -3.7% 4.9% 138

Sources:
England and Wales
Land Registry of England and Wales, Crown copyright. The information above is based on figures provided by the Land Registry of England and Wales.
Figures for England and Wales are for the period Jan - Mar 2005.

The BBC makes no warranty or representation as to the accuracy, completeness or reliability of the above information and accepts no liability (including for negligence) in respect of any of the above information.

Here are the figures for Kent:

Average Cost: £198,807
Detached: £320,738
Semi-detached: £194,047
Terraced: £155,539
Flat: £133,059

Change in last quarter: -1.0%

Change in last year: 8.5%

Sales: 4330

Kent Local Authorities

NAME AV PRICE (£) QUARTER ANNUAL SALES
Sevenoaks £300,389 -5.2% 10.2% 278
Tunbridge Wells £266,508 0.6% 8.9% 365
Tonbridge And Malling £233,746 -2.3% 1.3% 313
Maidstone £201,326 -1.5% 0.3% 449
Canterbury £196,498 -2.8% 5.7% 389
Ashford £195,795 0.3% 6.5% 367
Dartford £180,608 -0.1% -0.6% 323
Gravesham £179,905 1.9% 6% 297
Shepway £177,028 1.1% 13.9% 325
Dover £171,959 0.8% 18.2% 318
Swale £161,372 -2.5% 9.6% 372
Thanet £157,644 2.2% 18.4% 534
Medway £153,365 1.4% 6.2% 726

Sources:
England and Wales
Land Registry of England and Wales, Crown copyright. The information above is based on figures provided by the Land Registry of England and Wales.
Figures for England and Wales are for the period Jan - Mar 2005.

The BBC makes no warranty or representation as to the accuracy, completeness or reliability of the above information and accepts no liability (including for negligence) in respect of any of the above information.

Surrey
Average Cost: £295,240
Detached: £491,133
Semi-detached: £252,637
Terraced: £223,492
Flat: £181,258

Change in last quarter: -1.0%

Change in last year: 5.6%

Sales: 3406

NAME AV PRICE (£) QUARTER ANNUAL SALES
Elmbridge £387,021 -0.2% 1.7% 490
Mole Valley £337,268 3.5% 16.6% 219
Waverley £319,404 -0.9% 11.4% 350
Tandridge £311,261 7.7% 18.8% 240
Surrey Heath £289,328 1.3% 13.9% 279
Runnymede £283,611 4.8% 0.8% 245
Reigate And Banstead £271,221 -1.4% 5.9% 426
Guildford £266,129 -12.3% -5.6% 378
Epsom And Ewell £261,449 -12.6% -1.2% 179
Woking £245,342 -2.4% -2.2% 322
Spelthorne £228,234 1.1% 8.7% 278

Sources:
England and Wales
Land Registry of England and Wales, Crown copyright. The information above is based on figures provided by the Land Registry of England and Wales.
Figures for England and Wales are for the period Jan - Mar 2005.

The BBC makes no warranty or representation as to the accuracy, completeness or reliability of the above information and accepts no liability (including for negligence) in respect of any of the above information.

According to the Westchester business journal, the median price in Westchester County, NY is $650,000. The average is much higher.

Despite skyrocketing home prices, young couples manage to buy


By JOAN STABLEFORD


Westchester County continues to attract young home buyers in 2005, despite rising real estate prices, with the median single-family home priced around $650,000 for the first quarter of 2005.

That $650,000 price tag will be a typical three-bedroom home, with one or two baths, usually under 2,000 square feet of space and requiring updating, said Debra Budetti from ERA Insite Realty Services, in White Plains.

According to the New York State Association of Realtors (NYSAR), home prices for the median single-family home increased 14 percent in Westchester County, from $560,000 in 2003 to $640,000 by yearend 2004.

Statewide, the median selling price of a home rose 16.9 percent for the same period, from $198,000 in 2003 to $232,000 in 2004, according to the NYSAR.

A study recently released by the National Association of Home Builders said that Gen-Xers (those aged 27 to 40) were responsible for buying 49 percent of the new homes throughout the country and that their home-buying preferences for greater space and more amenities would drive home-buying decisions.

Budetti says she deals a lot with young people who are just getting married and other young families trying to find their first home. What is most important to her buyers is still location, location, location.

"They are first concerned about the neighborhood and the school district. Then they will look for a house that suits their budget, if those two priorities are met," Budetti said.

About half of her customers are willing to renovate homes, while the other group wants homes with updated bathrooms and new kitchens. But the location of the home and its neighborhood will be paramount to where they buy.

Since Budetti deals with a lot of people transferring here from other parts of the country, they often display sticker shock when hearing about the home prices.

"Some expect to come and buy a lot of house for that type of money. You will see that if they come from an area (like Texas, the South or Midwest) where this type of money bought a lot of house –– a new five-bedroom house on some acreage," she said.

As a result, for these transferred buyers - who often are only going to be located here three to five years on average –– they accomplish buying newer interiors by purchasing a townhouse, because that is what their money will buy.

"One thing I can tell you is that I am finding home buyers will look at many more homes before making a decision, much more than in the past. They will look at least 10 to 15 homes or more in person. At this price level, they want to be sure they are investing and getting the most for their money," Budetti said.

Buyers place prime importance on two variables when first looking: the neighborhood and the condition of the home, agreed Gary Leogrande, associate broker with Nelson-Vrooman Associates of White Plains.

In his experience, many buyers are looking for high-end kitchens –– kitchens with fancy, newer cabinets, new appliances and granite counters. They are seeking new bathrooms, especially when a home is 20 years or older.

"It can be very difficult as a real estate agent, because you will have a couple with a $150,000 dual income and they may not be able to afford the house that they want," Leogrande said.

While a report earlier in the year reported that 18 percent of all single-family homes in Westchester County were priced over $1 million, Leogrande said: "The truth is you don't have a boatload of home buyers in that category. Those luxury homes are usually on the market for a much longer time."

Despite skyrocketing prices clashing with the "homes of their dreams" reality of what they can truly afford, the housing market in Westchester County will continue to attract new home buyers, simply because of the current mortgage rates, such as 5.75 percent for a fixed 30-year mortgage, 5.07 percent for 15-year and 4.21 percent adjustable rates, as of May 31, 2005.

"Combine those lower interest rates with Westchester's proximity to New York and its employment outlook, as well as higher salaries, it will keep home prices pretty high," Leogrande said.

In addition, the rental market is very soft, because the low interest rates are allowing former renters to own a home or condo and get all of the tax benefits of home ownership, he said.


MORTGAGE VARIATIONS

There are younger buyers in this real estate market because they are taking advantage of many different types of alternative financing out there, agreed Charyn Watson, of Weichert Realtors of White Plains.

"It is much easier for a new homeowner to jump in and to be a homeowner than in the past. There are hundreds of different types of mortgages out there –– from interest-only mortgages to adjustable-rate mortgages to almost custom tailored ones. It means they can afford more house, or even be a new homeowner," Watson said.

What the new home buyer wants and what their money can buy are still two different realities, Watson agreed. They desire updated kitchens, new bathrooms and a master bedroom and bath, Watson said, but they soon get over the dreams fast and act.

"Many of them are sophisticated buyers. When they buy their first home, they see it as a first step. They are not buying for 'forever,' but intend to move up from this first home," Watson said.

Because of the higher prices, some younger buyers will forego the dream of a single-family home and opt for a condominium or consider a multi-family house, just so they can enter this market. The median price for a two-bedroom condo was about $350,000 for the first quarter of 2005 for Westchester County, Watson said.

Another driver of the real estate market is that people are tired of getting little return for stocks and bonds on Wall Street, so they are putting their money into a more tangible asset ––– their homes and investment real estate.

Leogrande said that he is often contacted by young, new real estate investors, people who want to invest in a single-family home and rent it out.

"But when they learn that they have to plunk down 50 to 60 percent of the house price just to break even in this type of market –– where home prices are high and the rental market is soft, many times they decide it isn't worth it to tie up that much money," Leogrande said.

Investing in homes for real estate equity can be done much more affordably and profitably in other areas of the country, outside of metropolitan New York, where home prices are not so high, he noted.

One thing for sure, said area real estate agents. Today's home buyer is different from previous years because they are much more informed about their choices.

"Buyers use the Internet prior to coming to our agency. Years ago, you would get a call and establish a relationship. Now, they have looked on their own on the Internet and then call you about a specific property," Budetti said.

Home buyers take virtual tours of a property, compare properties, sign up to pre-qualify for mortgages on the Internet. Most buyers have to pre-qualify in order to make an offer, so home buyers often know how much they can afford, before they even make a call to a real estate agent.

The first-time homebuyer is much more educated about home buying than in the past, agreed Watson, all due to the Internet.

"They do their own research first. Typically, they are much more focused and come to us with their list of homes that they want to look at. They have already looked at them on the Web," Watson said.

But the Internet will never replace the actual visual and feel of visiting prospective homes for sale, said Leogrande.

"The Internet is great, but they cannot replace their own walk through a home and property. They learn much more firsthand by that experience," Leogrande said.

Since school districts is a top concern with most home buyers for their children, or for consistent home values, most real estate Web sites have comprehensive information about school systems of different towns on their web sites.

"Usually, they have talked to other friends and associates. School districts matter a lot, because they have young families or plan to," Watson said.

"The problem with information about school systems is that potential buyers rely on anecdotal stories from friends, rather than contacting or learning about the school systems themselves. It can be a skewed perception," Leogrande said.

As for rising prices, Budetti said that she believes that Westchester County will continue to experience much more of the same. "Prices here will remain pretty stable, because this a great place to live," she said.

Leogrande, a 19-year veteran of real estate, disagreed. "Home prices will eventually level off because people will not be able to afford the average house price, especially if interest rates go up. It goes in cycles," Leogrande said.
Inside This Section

FOCUS

REAL ESTATE AND CONSTRUCTION

Mortgage rates won't dent real estate market

County office market outlook stable

Despite skyrocketing home prices, young couples manage to buy

Road spending growth hinges on bond act OK

First-time home buyers are setting trends

Remodeling industry grows in first quarter

Median housing values continue to rise

Housing market shows cracks

Fundamentals positive for commercial properties

Go to: Fairfield County Business Journal

Hackney and Hounslow are more expensive than Greenwich and Ealing?

No chance.

Hackney and Hounslow are more expensive than Greenwich and Ealing?

No chance.
That's the average values of real estate sold during the period, not the average values of all the real estate.

Mike - You are comparing Dollars with Pounds, do you know that your currency is alot weaker then ours.

Now if we used the exchange rate -

New York:
Westchester £357,437 = ($650,000)

London:
Chelsea/Kensington £525,112 = ($954,968.68)
City Of Westminster £454,724 = ($826,915.59)

Put these into a nice little table for you.

London - Chelsea/Kensington £525,112 = ($954,968.68)
London - City Of Westminster £454,724 = ($826,915.59)
New York - Westchester £357,437 = ($650,000)

That's the average values of real estate sold during the period, not the average values of all the real estate.

Yes there seems to be a lot of ex-council flats changing hands and not many houses... Islington is only £269,833, you'd be lucky to buy a one-bedroom flat in much of the borough for that. A lot of the families who bought their council flats are flogging them to young professionals and leaving the borough, from the number of unsolicited Estate Agent letters we get I'd say that's the biggest part of the housing market right now.

As set forth in the following article, the average price for any apartment in the entire island of Manhattan (which includes some seriously horrible areas) is $1.2M. Here's the article:

The average price for a Manhattan apartment jumped 23% in the first quarter of this year. (AP)

NEW YORK, April 1 (Reuters) - The average sale price for a Manhattan apartment topped $1.2 million in the first quarter, a new record, as the supply of properties for sale shrunk, according to the Prudential Douglas Elliman Manhattan Market Overview.

The average sale price rose to $1.21 million -- up 23 percent from the final quarter of 2004 and up 26 percent from a year ago.

In the condominium sector, the average sale price jumped to $1.55 million -- exceeding $1.5 million for the first time -- and surging 34 percent from 2004's fourth quarter, the report said. The average condo sale price went up 22 percent from the year-ago first quarter.

For Manhattan's entire apartment market, the average price per square foot climbed to $910 -- topping $900 a square foot for the first time. That's up 16.7 percent from the fourth quarter of 2004. It's a gain of 28 percent from a year earlier.

"Improving economic conditions, a tight housing supply, rising incomes and the widely held expectation of rising mortgage rates in the near future, caused housing prices to surge this quarter," the report said.

It was the first time the quarterly report included Manhattan markets above 116th Street on the West Side and above 96th Street on the East Side.

• Luxury condo prices across Canada


The median sale price -- the point where half the sales are higher and half are lower -- climbed to $705,000. That's up 16.5 percent from the previous quarter and up 18.5 percent from a year ago.




The volume of apartment sales fell to 2,028 units -- down 6.2 percent from the previous quarter and down 5.8 percent from a year ago, according to the report.

Limited supply kept sales volume in check.

The average sale price of a cooperative apartment, where an owner holds shares in the building and does not own the individual unit, rose to $988,746. That's up 15.5 percent from the previous quarter.

The average co-op sale price went up average sale price of a cooperative apartment, where an owner holds shares in the building and does not own the individual unit, rose to $988,746. That's up 15.5 percent from the previous quarter.

The average co-op sale price went up 25 percent from the first quarter of 2004.

04/01/05 02:22 ET

Copyright 2004 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. All active hyperlinks have been inserted by AOL.

Mike - You are comparing Dollars with Pounds, do you know that your currency is alot weaker then ours.

Now if we used the exchange rate -

New York:
Westchester £357,437 = ($650,000)

London:
Chelsea/Kensington £525,112 = ($954,968.68)
City Of Westminster £454,724 = ($826,915.59)

Put these into a nice little table for you.

London - Chelsea/Kensington £525,112 = ($954,968.68)
London - City Of Westminster £454,724 = ($826,915.59)
New York - Westchester £357,437 = ($650,000)

Obviously one must convert pounds to dollars! I am a commericial litigation attorney and therefore am well aware of that fact! Moreover, when comparing prices, it's most useful to look at a 5 year average for currency exchange rates -- not the daily rate. Two years ago one Euro was about 90 US cents. Now one Euro costs about $1.21. That will change. The five year average for the dollar to the sterling is about 1.55 -- not 1.81.

By the way, you are comparing prices in the city to the suburbs. Westchester is like Kent or Surrey.

That's the average values of real estate sold during the period, not the average values of all the real estate.

Obviously! It is indicative, however, of the current average sales price! (It would be quite difficult to compute in any other manner!)

The five year average for the dollar to the sterling is about 1.55 -- not 1.81.
I think you'll find it's a little more than that.

Average (1826 days): 1.61478
High: 1.95500
Low: 1.36770

If, however, you did it over a two year period, which most economists consider to be the most accurate representation of current market conditions, you'd be much, much closer to the $1.81 he used anyway.

Average (731 days): 1.79753
High: 1.95500
Low: 1.56060

Obviuosly, it is indicative, however, of the current average sales price! (It would be quite difficult to compute in any other manner!)
I was simply pointing out to that person that the reason he might see anomolies is because of the fact one area might have a high percentage of it's top-end houses for sale whilst another has it's bottom-end houses for sale.

As for your comment that it would be difficult to compute it another way, have you never thought that insurers require a market value for a home in order to cover it? Surely this, an average of the market value of all insured homes in the area, would provide a more accurate representation of the average price of real estate? For this reason the title of your thread is misleading. It is actually the average price of real estate TRANSACTIONS in London, rather than the average price of real estate in London.

I think you'll find it's a little more than that.

Average (1826 days): 1.61478
High: 1.95500
Low: 1.36770

If, however, you did it over a two year period, which most economists consider to be the most accurate representation of current market conditions, you'd be much, much closer to the $1.81 he used anyway.

Average (731 days): 1.79753
High: 1.95500
Low: 1.56060

When I lived in London from 1999 to 2001, it ranged from 1.37 to 1.63. The 1.61 average must be due to the fact that it's been hovering over 1.80 for two years due to the US current account deficit. By the way, what do you do?

By the way, what do you do?
I'm a web application developer for Her Majesty's Revenue and Customs. Basically I work on designing and maintaining the intranet software they use for tax calculations, trend analysis and the like, including data like this. I have quite an extensive statistics background. :)

I'm a web application developer for Her Majesty's Revenue and Customs. Basically I work on designing and maintaining the intranet software they use for tax calculations, trend analysis and the like, including data like this. I have quite an extensive statistics background. :)

That sounds interesting. Do you live in London or Manchester? I would have thought that your job would be based in London, but you list Manchester as your location.

You guys really over estimate Greenwich as a borough, proaobbly because greenwich village is quite nice. It is one of the poorer boroughs, it has amoungst the worst education in the country and has such jems as the ferrier estate in Kidbrook:

http://www.londonstills.com/i/lc0419_big.jpg

http://www.londonstills.com/order.html

Or Thamesmead:
http://workingprogress.johnlevett.org/thamesmead/Resources/thamesmead2002.jpeg

hmm, south ken. i miss that place

bloody expensive to stay in though!

That sounds interesting. Do you live in London or Manchester? I would have thought that your job would be based in London, but you list Manchester as your location.
I work from Manchester. HMRC IT work is outsourced to CapGemini, my employer. I'm based out of one of the HMRC offices in Manchester called Trinity Bridge House at Chapel Wharf:

http://img50.echo.cx/img50/3296/3383ey.jpg

http://img203.echo.cx/img203/1535/3391qy.jpg

But I spend most of my time working out of the nearest office to home. TBH is the Directors Office for HMRC Contact Centres, is North of England's Communications & Marketing centre for HRMC and is one of CapGemini's regional bases, so it's quite a technology hub. :)

It looks nice. By the way, how far is Manchester from London (in terms of miles)?

Mike Hunt can you name me one area in New York that is more expensive then London's Belgravia?

No?

Deal with it.

Mike Hunt can you name me one area in New York that is more expensive then London's Belgravia?

No?

Deal with it.

The Upper East Side.

P.S.: Why do you address your e-mail in an antagonistic tone?

P.P.S.: The proper word is "than" not "then" in that context.

Did sound a bit agressive didn't it.

Did sound a bit agressive didn't it.

Yes...

There's no need for him to be insulted. Sadly, both cities are extremely expensive. By contrast, in Chicago, one could buy a beautiful 2 bedroom/2 bathroon flat for $400,000 in a new building in the best part of the city. Then again, NY, London and Paris are the best cities in the world, and one must pay dearly to live in them.

It looks nice. By the way, how far is Manchester from London (in terms of miles)?
By road it's 198 miles from city centre to city centre.

The Upper East Side.

P.S.: Why do you address your e-mail in an antagonistic tone?

P.P.S.: The proper word is "than" not "then" in that context.
I think you'll quite probably find Belgravia is more expensive than anywhere in NYC. If I remember rightly it has average house prices of over £25 million. Even houses split into flats there cost eight figure sums. :( It's not suprising though. Belgravia is supposedly the most densely packed area for billionaires in the world. More politicians, kings, presidents and company CEOs have homes here than anywhere else on earth it's size.

I suppose it's the price you pay for living in the most exclusive neighbourhood in the world's third most expensive city.

I'm not going to argue with you though I disgree. As set forth above, property in NY is more expensive than London. Moreover, look at these listings from Sothebys.com:

Belgravia
13 Eaton Terrace
London, England
Property ID #0121347 14 room(s)
6 bedroom(s)
6 full bath(s)
4,336 sq ft
£5,500,000

A large stucco-fronted freehold house of approximately 4,336 sq. ft. (403 sq. m.) laid out over 6 floors, well located close to Eaton Square and Sloane Street. The house is presented in very good condition having spacious reception rooms, a beautiful Mark Wilkinson kitchen/breakfast room, an excellent arrangement of bedrooms, a large roof terrace off the drawing room, and an integral double garage accessed from the mews at the rear of the house.


http://www.sothebysrealty.com/prop/thumbnail/0121347_t.gif

From chesterton.co.uk:
Eaton Terrace, SW1W
Price: £4,000,000


An elegant stucco fronted period family house, extensively refurbished to a very high standard. 5 Bedrooms, 3 Bathrooms, Dressing Room, Drawing Room, Dining Room, Cinema/Family Room, Study, Kit/Brkfst Room, Staff Bed & Bath, Clks, Gym with Sauna, Terrace. Freehold (4078 sq ft)

Chesterton - Knightsbridge Sales
Call: 020 7235 8090
sales.knightsbridge@chesterton.co.uk

http://images.primelocation.com/CSGR/Images/CSBSKBR103259.jpg

Midtown Manhattan:

Magnificent Mansion

West 50's/Fifth Avenue
New York, NY, USA
Property ID #0014176 $20,000,000

Formerly the home of Philip Lehman, this sun-flooded, magnificently appointed 5-story townhouse was built by noted architect John H. Duncan. Retains much of its original period details. Grand staircase topped by a domed skylight. CAC and elevator to all floors.


http://www.sothebysrealty.com/prop/thumbnail/0014176_t.gif

Tokyo World's Costliest City; NYC Is 13th
http://news.yahoo.com/fc/business/global_economy

LONDON - Japan's Tokyo and Osaka are the world's most expensive cities with London in third place, according to a survey released Monday. New York, the most costly of American cities, placed 13th.
Ranking:
http://www.mercerhr.com/pressreleas...UGCIIQKMZ0QYI2C


New York City is downright cheap in comparison even in America. But much of the draw of NYC is small town America whereas the other cities outside of America are much more international and thus obviously more expensive by a wide margin. Also the whole State of California which includes many many rural areas is more expensive than only the NYC area. NYC is only the 6th most expensive housing market in the US.
http://money.cnn.com/pf/features/lists/nar_1q05/

What's the difference between "semi-detached" and "terraced"?

all this london vs nyc housing costs.....big deal. :|

the SF bay area home prices are outrageous - median exceeded well over 650,000 recently, and that's the median for the entire 9-county metro of almost 7 million. if you talk just SF PMSA (SF, Marin, and San Mateo county) the median is between 800-900K. and that's with almost 2 million people.

and this is all "little" SF..... with still arguably the hottest real estate market in the US.

Dont know why I'm joining in, but here goes, to do proper comparisson, you need to find two similarly populated and located areas.
i.e you can't compare Manhattan to greater London, as greater London is a far far bigger areas and has loads more variation in housing stock.
You can compare Manhattan to say a long strip east west from the city to maybe earls court in west London and north south, regents park and the Thames.
New york will have higher appartment prices as that what most people live in while but London has far more houses which go for more than anything in New york.

and this is all "little" SF..... with still arguably the hottest real estate market in the US.[/QUOTE]

But that why the average is high, its so small .

Greater London
http://skyscraperpage.com/gallery/data/500/2748greater_london.png

Newyork
http://skyscraperpage.com/gallery/data/500/2748new_york_city.png

san fransico
http://skyscraperpage.com/gallery/data/500/2748city_of_san_fransisco.png

all this london vs nyc housing costs.....big deal. :|

the SF bay area home prices are outrageous - median exceeded well over 650,000 recently, and that's the median for the entire 9-county metro of almost 7 million. if you talk just SF PMSA (SF, Marin, and San Mateo county) the median is between 800-900K. and that's with almost 2 million people.

and this is all "little" SF..... with still arguably the hottest real estate market in the US.

Whenever this topic comes up, you just can't resist putting in your two cents about SF, can you? :|

Think it was San Francisco where house prices have risen 20% in the last 3 months...insane or what. House prices are begining to fall slightly here, no big falls yet but cant be far off getting a proper correction.


http://www.firsttimebuyerhelp.co.uk/images/youarehere.gif


pretty good Economist article on it here http://www.economist.com/opinion/displayStory.cfm?story_id=4079458

San Francisco is an absolute bargain compared to Manhattan, and it is priced on par with areas of Brooklyn that are not infested with crack houses. Similarly, the top SF suburban counties seem to be about equally priced with Westchester and Fairfield. At any rate, Manhattan is the most expensive place in the US (and perhaps the world) by far.

MikeHunt how comes London has the worlds most expensive house and flat and New York don't?

:( :(

MikeHunt how comes London has the worlds most expensive house and flat and New York don't?

:( :(

Quite easily. It's an extremely unique house. If Andrew Carnegie's former Fifth Avenue mansion were converted back to residential use, it could fetch waaaaay more than the house in South Ken.

Don't be silly.

Who's the one being silly? (That's a rhetorical question because you, quite clearly, are the facetious one!) In a city like London with millions of houses and apartments, find me 10 that are for sale for over $75,000,000. You can't because they don't exist. Rare, extremely unique properties cost that much and more.

http://www.skyscrapercity.com/images/smilies/shake.gif

And I thought that we only had these silly arguments in the UK forums between the different cities outside London.

Is there any point to this who's got the bigger cock argument exactly? It's a total nonsense, and has absolutely no meaning, and we are comparing in most cases apples and pairs.

Quite easily. It's an extremely unique house. If Andrew Carnegie's former Fifth Avenue mansion were converted back to residential use, it could fetch waaaaay more than the house in South Ken.

Wonder what would happen if the Monarchy decided they didn't need an inner city London base anymore, moved for good to Windsor Castle (not too far away), and sold Buckingham Palace? Stupid statement and a rather stupid conjecture.

San Francisco is an absolute bargain compared to Manhattan, and it is priced on par with areas of Brooklyn that are not infested with crack houses. Similarly, the top SF suburban counties seem to be about equally priced with Westchester and Fairfield. At any rate, Manhattan is the most expensive place in the US (and perhaps the world) by far.

:sleepy:

Whenever this topic comes up, you just can't resist putting in your two cents about SF, can you? :|


you have a problem with this? :stupid:

i just love it how some people are so hell-bent on listing the outrageousness of manhattan's housing prices when other metros - ie the SF bay area - are going through the exact same thing.

deal with it: manhattan and london aren't alone when it comes to overinflated housing markets.

you have a problem with this? :stupid:

i just love it how some people are so hell-bent on listing the outrageousness of manhattan's housing prices when other metros - ie the SF bay area - are going through the exact same thing.

deal with it: manhattan and london aren't alone when it comes to overinflated housing markets.

No one denies that....

....

Are these things commericial litigation law terminology? Just asking, as you keep on using two and three "full stops", "puntos", or "periods".

To me it's called a syntax error.