Councils borrowing for commercial properties

FT: A quirky and hazardous corner of British public finance

Councils involved in property speculation again. Hopefully it won't work out like Hammersmith and Fulham.

Posted by stillthinking @ 04:55 AM 0 Comments

Tuesday, Feb 14, 2017

Gotta Keep It Going

Today's Convayancer: First-time buyer demand for family support builds

Is BOMAD running out of funds? No problem BOGAG is open for business. Can we get another layer in at the bottom of the pyramid?

Posted by crash bandicoot @ 10:12 PM 8 Comments

Monday, Feb 13, 2017

BTL snowball gains momentum

Torygraph: Buy to let lending plunges at Nationwide as market cools

A drop from 2.2billion to 900 million. Debt deflation awaits....

Posted by pete green @ 03:09 PM 5 Comments

Saturday, Feb 4, 2017

Blip or change of trend ?

Telegraph: Unprecedented in recent times': Rents across the UK set to fall this year

Rents have been falling in London and the south-east due to the surge in properties hitting the market after landlords purchased them before April to avoid a hike in stamp duty for buy-to-let homes. Now this decline may reach the rest of the country. 

Posted by techieman @ 01:57 PM 11 Comments

Friday, Jan 27, 2017

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?

Posted by sneaker @ 01:02 PM 2 Comments

Wednesday, Jan 25, 2017

There's a lot of

Mortgage Strategy: Landlord confidence at an all-time low

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.

Posted by jack c @ 02:17 PM 1 Comments

Friday, Jan 13, 2017

... 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 Chamber’s primary concerns is that ordinary Londoners can afford to live and work in the capital, helping businesses attract and retain the best talent.  In the words of Ace Ventura.... oh reaaaallllyyy?

Posted by techieman @ 07:38 AM 8 Comments

Wednesday, Jan 4, 2017

Will the global House of Cards tumble....

Torygraph: Fears of a 'massive' global property price fall amid 'dangerous' conditions and market slow-down

"Property prices have climbed to dangerous levels in several advanced economies, raising the risk of massive price falls if markets overheat, according to the Organisation for Economic Co-operation and Development (OECD)."

Posted by pete green @ 10:16 AM 17 Comments

Monday, Jan 2, 2017

Does not resolve the fundamental issue

Telegraph: 14 New garden towns and villages to provide 200,000 homes to ease housing shortage

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!!

Posted by libertas @ 10:55 AM 2 Comments

Sunday, Jan 1, 2017

All of the mainstream political parties are complicit

Independent: Number of private renters made homeless has trebled since 2010, figures reveal

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

Posted by quiet guy @ 01:27 AM 3 Comments

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