Primelocation and house prices trend in London

You wouldn’t believe this. Apparently, the whole world real estate is going belly up, with the exception of -guess?- London! This accordingly to www.primelocation.com. If one had to believe their survey, in these troubled -t0 say the least- times, when US real estate is down 20% YoY -and this is for the lucky cities!-, London had a just temporarily dip of about 6% -May 08 to October 08), to then start a...

Length of real estate bear market

There was an interesting table on the FT last Saturday that reported the length and extension of house prices drop (the bear market) in 15 economies since 1970 (mainly Europe, USA + Japan, Korean, New Zealand and Canada). On Average, the bear market has lasted 6+ years, and the prices dropped between 16% (Canada) and 50% (Netherlands). UK had 2 bear markets, lasting only 3 / 4 years each, with prices dropping 26%...

Nestoria – smart house search

Nestoria is a vertical search engine focused on real estate with operations in UK and Spain. Founded by a few Spaniards -amongst which friend and former top dog for Yahoo Search Europe Javier Etxebeste- it aggregates information and data from other vertical engines and estate agencies, properly and smartly aggregate and present in a pleasant way. Extremely easy and intuitive to use, not useless bell and wistles, it...

Signs of a bubble bursting

I remember back in January a colleague of mine telling this story to a small audience. “Sunday I was in bad with a bit of flu, and here he calls, the agent from XXX, asking me if I wanted to see some property to buy (he showed interest in buying a property weeks before). I tell him I am in bad with flu in my pijama, and he says I not to worry: he would come, drive me to the properties, and drive me back by...