Councils borrowing for commercial properties
Gotta Keep It Going
BTL snowball gains momentum
Blip or change of trend ?
Anyone still want to blame Stanp Duty?
The Straits Times: China's crackdown on capital outflows sending shudders through global property markets
Stanp duty hikes were a symptom of the bubble blown by capital flight from BRICS and the Gulf. Russia is under sanctions. Oil has crashed. OECD is cracking down on illicit money flows a Tax havens are opening up. China is quelling capital outflows. Anyone still want to blame Stamp Duty for the turning of the tide?
There's a lot of
Landlord confidence weakened in the last quarter of 2016, with the number of landlords wanting to buy properties dropping to record lows,16 per cent of landlords wanted to expand their portfolio in Q4 2016, compared to 23 per cent in Q3 2016 and 17 per cent in Q4 2015.BM Solutions says the figure is the lowest since it started the survey. The proportion of landlords looking to expand their portfolio has fallen to an all-time low.
... you'd better shake up...
Evening Standard: London house prices: Demand for stamp-duty shake-up to boost central London market
Bemoaning the SDLT from the VI gang on the basis that it hits workers : One of London Chamberâs primary concerns is that ordinary Londoners can afford to live and work in the capital, helping businesses attract and retain the best talent.Â In the words of Ace Ventura.... oh reaaaallllyyy?
Will the global House of Cards tumble....
Does not resolve the fundamental issue
With free movement of people, you could build 100 new towns and it would just cause more people to come, particularly with the Eurozone having porous borders to the middle east and Africa, bringing in unvetted people, many of whom are illiterate and incapable of supporting themselves and their families. Of course, few of them will be able to afford any of these new houses. Fine, have lots coming in, but at least work out how many homes we have and can build and be in a position to plan for not only homes but schools, hospitals, jobs, etc!!
All of the mainstream political parties are complicit
Thousands of renters each month are being deemed officially homeless by local councils after being evicted by private landlords and struggling to pay rents that have risen across the country by more 20 per cent since 2010. The figures show a huge rise in people becoming homeless at the end of assured short hold tenancies (ASTs) 'the most common agreement used by private landlords' since 2010