For those looking at South East London, there is some interesting discussion of the housing market and information about the area on this community website...
Brockley Central

Link doesn't seem to be working, for me at least? Would be interested to have a read as a (renting) Brockleyite myself. There's a couple of flats next-door to me that are currently struggling to sell at (admittedly) seriously optimistic prices, whereas previously the signs would barely have been up for a week or two before disappearing again/being plastered as "SoldMorePropertiesNeededNOW!!!". I certainly wouldn't go so far as to call it a trend though...

Bazzup, link doesn't work for me neither.

I've started looking in Brockley (Crofton Park, Honor Oak area). I don't know much about the area at all, but asking prices seems not too bad to me (still higher than what I think is reasonable, but then everything here is overpriced) - I mean, it seems to be a bit better than Lewisham, Clatpon or Peckham and cheaper than East Dulwich / Peckham Rye.

What are your thoughts?

no linky work

It's not a bad area at all IMvHO. Not brilliant in terms of pubs/restaurants etc., though it's gradually improving, and there seem to be more locally owned cafés, delis etc. springing up. Plus it's fairly green and quiet - both of these terms being relative to the adjacent areas rather than London as a whole, obviously.

Transport is decent enough if you're near Brockley/HOP stations, though obviously it's NR-only until the East London Line extension is completed, but then it's always been that way anyway (unlike at the New Cross/NCG end of Brockley, which is where I am and where we're all feeling a bit hard done by since the Tube disappeared). There are far worse places to live in zone 2 and not be shelling out too much for the privilege, anyway.

House madness

I bought in HOP last May. Initially was looking in East Dulwich, but prices are crazy there. I think HOP and Forest Hill have a lot of potential. Its quiet and very residential, and bars & restaurants are slowly getting better. I think the overground in 2 years will give the area a big boost. So far I havent noticed any softening of prices, although properties are taking longer to sell.

Anyhow, good luck!

Me and the missus had a look at HOP in the summer. We wanted somewhere bikeable to the city, and where we could afford to buy a decent sized house. I was amazed at how nice it was and how cheap relatively. The transport was pants though, you have to get in to London Bridge first then take a tube onwards.

Anyways, I dug my heals in and said I'd missed the boat on House prices, and would kick myself even harder if we bought and then they crashed, and so we're still renting. Though missus not very happy about it. She was pissed off they started going down as I wriggled off the must buy house now hook.

She is now worried that with the overground coming in, that HOP is going to go through the roof. And we'll be priced out. Even if the rest of the country is crashing. I hope not.

Try this:

Brockley Central on house prices

There's obviously a lot of us HPC-ers in the vicinity.

I wouldn't get too worried about house prices going through the roof, however: the east london line is mostly an overground service, and they're planning to cut back the frequency of trains on the London Bridge train line:

The truth about the overground?

And look at it this way: has having the same tube line really made New Cross a desirable place to live?