The Great London House-Price Softening

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The Great London House-Price Softening

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SW19 CPFC Addiscombe West 14 Feb 19 9.59pm
Originally posted by Stirlingsays Yep. We need new cities let alone new homes! The last few governments have allowed the nation's population to grow at such a rate ahead of house building that they have criminally forsaken younger people's chances of having a reasonable place of their own. Tory, Labour or whatever, they are all culpable and all a complete and utter shower. Governments have been allowing a 'ponzi scheme' on population growth in this country....because they won't be around to pick up the pieces after their terms of office. Housing should always have been a priority, especially since the success of life expectancy adds to the growth problem of immigrants who stay. Completely agree But no government will go anywhere near this far - political suicide. No measure that is introduced that results in lowering house prices will be tolerated by a significant portion of the voting electorate (ie the middle classes). It’s such a massive part of our culture that it’s impossible to change it. Did you know? 98.0000001% of people are morons.
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SW19 CPFC

Addiscombe West 14 Feb 19 9.59pm

Originally posted by Stirlingsays

Yep.

We need new cities let alone new homes!

The last few governments have allowed the nation's population to grow at such a rate ahead of house building that they have criminally forsaken younger people's chances of having a reasonable place of their own.

Tory, Labour or whatever, they are all culpable and all a complete and utter shower.

Governments have been allowing a 'ponzi scheme' on population growth in this country....because they won't be around to pick up the pieces after their terms of office.

Housing should always have been a priority, especially since the success of life expectancy adds to the growth problem of immigrants who stay.

Completely agree

But no government will go anywhere near this far - political suicide. No measure that is introduced that results in lowering house prices will be tolerated by a significant portion of the voting electorate (ie the middle classes). It’s such a massive part of our culture that it’s impossible to change it.

Did you know? 98.0000001% of people are morons.

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W12 14 Feb 19 10.09pm
Originally posted by SW19 CPFC Completely agree But no government will go anywhere near this far - political suicide. No measure that is introduced that results in lowering house prices will be tolerated by a significant portion of the voting electorate (ie the middle classes). It’s such a massive part of our culture that it’s impossible to change it. The political class no longer seem to see beyond their own life span. It’s interesting that most of the major leaders of the West other than Trump have no children. Perhaps a coincidence. Perhaps.
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W12 14 Feb 19 10.09pm

Originally posted by SW19 CPFC

Completely agree

The political class no longer seem to see beyond their own life span.

It’s interesting that most of the major leaders of the West other than Trump have no children. Perhaps a coincidence. Perhaps.

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Lyons550 Shirley 15 Feb 19 3.45pm
Originally posted by Tom-the-eagle Yes its a win for first time buyers - its a lose however for first time buyers (or anyone) who has purchased within the last five years and can now no longer sell due to negative equity or can afford to rent it out due to falling rents and new tax implications on rental properties. Just like any market - there are winners and losers. I'm one of those poor developers you mention however I have not purchased any properties in the south for nearly two years due to not wanting to buy during a falling market. Recently I have been buying exclusively up north where house prices have carried on rising and yields are almost double. I am however, now looking to buy locally again, just waiting until we hit the bottom. Planning another trip to Hull myself in a few weeks for the same reason. The Voice of Reason In An Otherwise Mediocre World
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Lyons550

Shirley 15 Feb 19 3.45pm

Originally posted by Tom-the-eagle

Yes its a win for first time buyers - its a lose however for first time buyers (or anyone) who has purchased within the last five years and can now no longer sell due to negative equity or can afford to rent it out due to falling rents and new tax implications on rental properties.

Just like any market - there are winners and losers.

I'm one of those poor developers you mention however I have not purchased any properties in the south for nearly two years due to not wanting to buy during a falling market. Recently I have been buying exclusively up north where house prices have carried on rising and yields are almost double. I am however, now looking to buy locally again, just waiting until we hit the bottom.

Planning another trip to Hull myself in a few weeks for the same reason.

The Voice of Reason In An Otherwise Mediocre World

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Lyons550 Shirley 15 Feb 19 3.46pm
Originally posted by Tom-the-eagle Next he'll be telling us that the internet will take off ...and that 'Garlic bread is the future' The Voice of Reason In An Otherwise Mediocre World
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Lyons550

Shirley 15 Feb 19 3.46pm

Originally posted by Tom-the-eagle

Next he'll be telling us that the internet will take off

...and that 'Garlic bread is the future'

The Voice of Reason In An Otherwise Mediocre World

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Lyons550 Shirley 15 Feb 19 3.55pm
Originally posted by SW19 CPFC Completely agree But no government will go anywhere near this far - political suicide. No measure that is introduced that results in lowering house prices will be tolerated by a significant portion of the voting electorate (ie the middle classes). It’s such a massive part of our culture that it’s impossible to change it. Whilst I agree to an extent the changes in Sec.24 that relate to reducing the amount of Mortgage Interest Tax relief is doing a fair amount, as Landlords who own properties outside of a business (and therefore largely unregulated) are trying to sell off properties before it comes into full force (ie. no tax relief at all) in around 15months time. This is flooding the market with properties in certain areas pulling prices down as they fight to get buyers. In addition the legislation around HMO's is being tightened and is weeding out a lot of unscrupulous Landlords who've made money on the back of others through nefarious means. The Voice of Reason In An Otherwise Mediocre World
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Lyons550

Shirley 15 Feb 19 3.55pm

Originally posted by SW19 CPFC

Completely agree

Whilst I agree to an extent the changes in Sec.24 that relate to reducing the amount of Mortgage Interest Tax relief is doing a fair amount, as Landlords who own properties outside of a business (and therefore largely unregulated) are trying to sell off properties before it comes into full force (ie. no tax relief at all) in around 15months time.

This is flooding the market with properties in certain areas pulling prices down as they fight to get buyers.

In addition the legislation around HMO's is being tightened and is weeding out a lot of unscrupulous Landlords who've made money on the back of others through nefarious means.

The Voice of Reason In An Otherwise Mediocre World

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Tom-the-eagle Croydon 15 Feb 19 4.23pm
Originally posted by Lyons550 Whilst I agree to an extent the changes in Sec.24 that relate to reducing the amount of Mortgage Interest Tax relief is doing a fair amount, as Landlords who own properties outside of a business (and therefore largely unregulated) are trying to sell off properties before it comes into full force (ie. no tax relief at all) in around 15months time. This is flooding the market with properties in certain areas pulling prices down as they fight to get buyers. In addition the legislation around HMO's is being tightened and is weeding out a lot of unscrupulous Landlords who've made money on the back of others through nefarious means. Section 24 will I believe have several effects. I think you are right that there have been a lot of amateur landlords selling up which is partly responsible for dampening the housing market (over supply for the first time in years) but what I think will also start to happen is that in a few years time there will be in effect be less buy-to-let properties to let out there which will then of course push up rental prices for what is available through lack of demand. The landlord very rarely loses just as long as his portfolio is under the umbrella of a Limited Company. Let me know how you go with Hull Lyons, very interested to hear what sort of yields you achieve. Think Hull could be a property hotspot now its been capital of culture etc. Good investment fella. "It feels much better than it ever did, much more sensitive." John Wayne Bobbit
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Tom-the-eagle

Croydon 15 Feb 19 4.23pm

Originally posted by Lyons550

This is flooding the market with properties in certain areas pulling prices down as they fight to get buyers.

In addition the legislation around HMO's is being tightened and is weeding out a lot of unscrupulous Landlords who've made money on the back of others through nefarious means.

Section 24 will I believe have several effects.
I think you are right that there have been a lot of amateur landlords selling up which is partly responsible for dampening the housing market (over supply for the first time in years) but what I think will also start to happen is that in a few years time there will be in effect be less buy-to-let properties to let out there which will then of course push up rental prices for what is available through lack of demand.

The landlord very rarely loses just as long as his portfolio is under the umbrella of a Limited Company.

Let me know how you go with Hull Lyons, very interested to hear what sort of yields you achieve.

Think Hull could be a property hotspot now its been capital of culture etc.

Good investment fella.

"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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.TUX. 15 Feb 19 8.49pm
Originally posted by SW19 CPFC Completely agree But no government will go anywhere near this far - political suicide. No measure that is introduced that results in lowering house prices will be tolerated by a significant portion of the voting electorate (ie the middle classes). It’s such a massive part of our culture that it’s impossible to change it. And there lies the problem. Nothing is ever about our country. Buy Litecoin.
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.TUX.

15 Feb 19 8.49pm

Originally posted by SW19 CPFC

Completely agree

But no government will go anywhere near this far - political suicide. No measure that is introduced that results in lowering house prices will be tolerated by a significant portion of the voting electorate (ie the middle classes). It’s such a massive part of our culture that it’s impossible to change it.

And there lies the problem. Nothing is ever about our country.

Buy Litecoin.

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PalazioVecchio south pole 29 Mar 19 9.57am
follow the link. London is by far the worst performer in the whole UK. Down nearly 4% in 12 months. You can blame Brexit, but I predict no recovery while the stabbings continue. [Link] Kayla did Anfield & Old Trafford
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PalazioVecchio

south pole 29 Mar 19 9.57am

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follow the link. London is by far the worst performer in the whole UK. Down nearly 4% in 12 months.

You can blame Brexit, but I predict no recovery while the stabbings continue.

[Link]

Kayla did Anfield & Old Trafford

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Rudi Hedman Caterham 29 Mar 19 10.01am
Originally posted by PalazioVecchio follow the link. London is by far the worst performer in the whole UK. Down nearly 4% in 12 months. You can blame Brexit, but I predict no recovery while the stabbings continue. [Link] The usual bore probably will, as he’s forgotten how much he’s been complaining house prices are too high. COYP
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Rudi Hedman

Caterham 29 Mar 19 10.01am

Originally posted by PalazioVecchio

follow the link. London is by far the worst performer in the whole UK. Down nearly 4% in 12 months.

You can blame Brexit, but I predict no recovery while the stabbings continue.

[Link]

The usual bore probably will, as he’s forgotten how much he’s been complaining house prices are too high.

COYP

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Midlands Eagle 29 Mar 19 11.16am
Originally posted by PalazioVecchio follow the link. London is by far the worst performer in the whole UK. Down nearly 4% in 12 months. You can blame Brexit, but I predict no recovery while the stabbings continue. That article is a load of testicles. I started to read it before noticing what the media was and having read that it was all the fault of Brexit I looked to see that it was The Guardian - quelle surprise So house prices are rising everywhere except London so I presume that the rest of England isn't subject to Brexit
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Midlands Eagle

29 Mar 19 11.16am

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Originally posted by PalazioVecchio

follow the link. London is by far the worst performer in the whole UK. Down nearly 4% in 12 months.

You can blame Brexit, but I predict no recovery while the stabbings continue.

That article is a load of testicles. I started to read it before noticing what the media was and having read that it was all the fault of Brexit I looked to see that it was The Guardian - quelle surprise

So house prices are rising everywhere except London so I presume that the rest of England isn't subject to Brexit

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PalazioVecchio south pole 29 Mar 19 11.59am
Originally posted by Midlands Eagle That article is a load of testicles. I started to read it before noticing what the media was and having read that it was all the fault of Brexit I looked to see that it was The Guardian - quelle surprise So house prices are rising everywhere except London so I presume that the rest of England isn't subject to Brexit Zone 1 gets lorryloads of investment from Chinese/Russian/Saudi Billionaires. Innit ? if Brexit punishes them with taxes, regulation or capital movement restrictions....their money will fly, capital flight off to somewhere nice and safe like Paris/Frankfurt/Sarajevo/Calais/Malmo/Marseilles/Naples/Detroit Kayla did Anfield & Old Trafford
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PalazioVecchio

south pole 29 Mar 19 11.59am

Originally posted by Midlands Eagle

So house prices are rising everywhere except London so I presume that the rest of England isn't subject to Brexit

Zone 1 gets lorryloads of investment from Chinese/Russian/Saudi Billionaires. Innit ?

if Brexit punishes them with taxes, regulation or capital movement restrictions....their money will fly, capital flight off to somewhere nice and safe like Paris/Frankfurt/Sarajevo/Calais/Malmo/Marseilles/Naples/Detroit

Kayla did Anfield & Old Trafford

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Lyons550 Shirley 29 Mar 19 3.09pm
Originally posted by PalazioVecchio Zone 1 gets lorryloads of investment from Chinese/Russian/Saudi Billionaires. Innit ? if Brexit punishes them with taxes, regulation or capital movement restrictions....their money will fly, capital flight off to somewhere nice and safe like Paris/Frankfurt/Sarajevo/Calais/Malmo/Marseilles/Naples/Detroit For the umpteenth time...you're not telling us anything that we didnt already know....so what? You just seem to revel in bad news stories about the Capital...poor trolling. The Voice of Reason In An Otherwise Mediocre World
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Lyons550

Shirley 29 Mar 19 3.09pm

Originally posted by PalazioVecchio

Zone 1 gets lorryloads of investment from Chinese/Russian/Saudi Billionaires. Innit ?

For the umpteenth time...you're not telling us anything that we didnt already know....so what? You just seem to revel in bad news stories about the Capital...poor trolling.

The Voice of Reason In An Otherwise Mediocre World

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