This page is no longer updated, and is the old forum. For new topics visit the New HOL forum.
The Great London House-Price Softening
Register | Edit Profile | Subscriptions | Forum Rules | Log In
.TUX.  12 Mar 18 6.51pm |
|
|---|---|
|
Originally posted by Lyons550
The markets been softening for about a year now and will remain flat until after Brexit. We'll likely continue to see a dip/fall for 24months until confidence post brexit starts to gain momentumn again. I'd expect to see a 10-15% slump on current prices. Also many more people are moving out of the city...as such the outlying areas are likely to remain steady and creep up slightly. This slowdown would be happening regardless. Brexit is an irrelevance, despite what the media pump.
Buy Litecoin. |
|
 Alert a moderator to this post |
 |
 Penge Eagle Beckenham 12 Mar 18 7.32pm |
   |
|---|---|
|
We are just entering the mid-cycle wobble of the 18-year property cycle. Perfectly normal. Edited by Penge Eagle (12 Mar 2018 7.58pm)
|
|
| Alert a moderator to this post | Board Moderator |
 |
| johnfirewall 12 Mar 18 7.55pm |
|
|---|---|
|
Brexiteers, because it will be our fault.
|
|
| Alert a moderator to this post |
|
| Lyons550 Shirley 13 Mar 18 2.12pm |
|
|---|---|
|
Originally posted by Rudi Hedman
Where's the favoured distance or general area people are thinking of moving from south London to? See my thread of moving up North that I posted a few weeks back.... i'm seriously looking into it myself
The Voice of Reason In An Otherwise Mediocre World |
|
| Alert a moderator to this post |
|
| Lyons550 Shirley 13 Mar 18 2.15pm |
|
|---|---|
|
Originally posted by .TUX.
This slowdown would be happening regardless. Brexit is an irrelevance, despite what the media pump.
You're right in that we're at the pint in the Property cycle where we'd anticpate a plateau, before a brief surge towards the bubble burst (historical evidence suggests this) but with the added curveball of Brexit it's brought that plateau forward by a couple of years.
The Voice of Reason In An Otherwise Mediocre World |
|
| Alert a moderator to this post |
|
| Lyons550 Shirley 13 Mar 18 2.15pm |
|
|---|---|
|
Originally posted by Penge Eagle
We are just entering the mid-cycle wobble of the 18-year property cycle. Perfectly normal. Edited by Penge Eagle (12 Mar 2018 7.58pm) Apologies Penge, didnt see this prior to my post above...yes I make you right
The Voice of Reason In An Otherwise Mediocre World |
|
| Alert a moderator to this post |
|
| JRW2 Dulwich 14 Mar 18 3.32pm |
|
|---|---|
|
I would love the value of my house to drop back to what I paid for it in 1981, so that my children, who lived in it throughout childhood and adolescence, could inherit it without having to sell it in order to pay a fortune in Inheritance Tax. I suspect many will have no sympathy for me - or my children.
|
|
| Alert a moderator to this post |
|
| Lyons550 Shirley 18 Mar 18 2.43pm |
|
|---|---|
|
Originally posted by JRW2
I would love the value of my house to drop back to what I paid for it in 1981, so that my children, who lived in it throughout childhood and adolescence, could inherit it without having to sell it in order to pay a fortune in Inheritance Tax. I suspect many will have no sympathy for me - or my children. You could always sign it over to them in order that inheritance isn't an issue...having said that its only an issue if you leave more than £400k...
The Voice of Reason In An Otherwise Mediocre World |
|
| Alert a moderator to this post |
|
| stuckinbristol In the woodwork. 18 Mar 18 4.28pm |
|
|---|---|
|
Originally posted by Lyons550
You could always sign it over to them in order that inheritance isn't an issue...having said that its only an issue if you leave more than £400k... You could do that, but if you continue to live there you will have to pay them rent at market value, and they will have to pay tax on the rent as income.
|
|
| Alert a moderator to this post |
|
| Badger11 Beckenham 18 Mar 18 4.42pm |
|
|---|---|
|
Originally posted by stuckinbristol
You could do that, but if you continue to live there you will have to pay them rent at market value, and they will have to pay tax on the rent as income. I agree I heard this from a tax expert on the radio. There is also something about a gift that if you die within 7 years your estate pays full tax. Doesn't seem fare that Inheritance tax was supposed to be for the rich yet many normal people especially in the SE are now in that bracket. I have a pension and no mortgage so on paper I am a millionaire doesn't feel like it though. So far the only solution I have is to take out an equity release mortgage and spend it. Labour will hate it but if the Tories have any sense they will massively increase the inheritance tax threshold.
One more point |
|
| Alert a moderator to this post |
|
| Rudi Hedman Caterham 18 Mar 18 4.55pm |
|
|---|---|
|
I do hope there aren't any British retirees moaning about this and then when it comes to building new homes on green sites near them or golf courses they're moaning about that as well. It would remind me of the Caterham nimbys re the golf course housing plans on the chaldon road but being lib dem pro-Europe and relaxed immigration policies.
COYP |
|
| Alert a moderator to this post |
|
croydon proud  Any european country i fancy! 18 Mar 18 5.42pm |
|
|---|---|
|
Originally posted by Badger11
I agree I heard this from a tax expert on the radio. There is also something about a gift that if you die within 7 years your estate pays full tax. Doesn't seem fare that Inheritance tax was supposed to be for the rich yet many normal people especially in the SE are now in that bracket. I have a pension and no mortgage so on paper I am a millionaire doesn't feel like it though. So far the only solution I have is to take out an equity release mortgage and spend it. Labour will hate it but if the Tories have any sense they will massively increase the inheritance tax threshold.
|
|
| Alert a moderator to this post |
|
Login / RegisterNew users
Registration is now on our new message board
Existing users
To login with your existing username you will need to convert your account over to the new message board.
Sponsors
All images and text on this site are copyright © 1999-2024 The Holmesdale Online, unless otherwise stated.
Web Design by Guntrisoft Ltd.