Another prop just in time for the election
Even Daily Mail readers can now afford a house
Daily Mail: 1.18% FIXED mortgage rate?! What you need to know to take advantage of the best deal EVER
And with prospects for my predicted 0.25% cut to 0.25% now made explicit by Carney's statements, what next for housing? Clearly, I am expecting a boom in north east London where I have purchased, due to Lea Valley lines coming under London Overground in just three months time, plus Crossrail 2 announcements soon, likely four tracking on the West Anglia Mainline to Stansted and a new Stratford to Angel Road railway. Crossrail 1 will also shift money towards Redbridge, Havering and Dagenham. So the big boom now is overspill from bloated prime London into the forgotten suburbs that peaked out previously just before World War II, when London reached its previous peak population. Now with news that immigration has soared some 50% (official numbers only), it starts to get interesting.
Government FLS boost beginning to wane?
This is money: Is property still a safe bet? Confidence in rising house prices at lowest ebb since summer of 2013, survey shows
Confidence that house prices will continue their upward momentum in the coming months has fallen to its lowest level since June 2013, a study has found. While 60 per cent of Britons surveyed in January expect average property values to be higher in a year's time, eight per cent believe prices will fall, the Halifax report shows. The overall balance of 52 per cent who expect prices to rise is the lowest since the summer of 2013, just before property values rocketed.
Explains UK ''low unemployment'' figures
Triple-lock vote guarantee
What explains the catch-up of pensioners? Over the long run, the two big factors have been growing private pension entitlements and increases in state support. For the past 30 years, successive generations reaching retirement have tended to have bigger private pension pots than the last, helping to push up incomes in later life. To a large extent, this is due to the rise of occupational pensions â which have been made substantially less generous for current workers.
Someone's been reading this site again
37 per cent of newly created money has gone into financial markets and 40 per cent into residential and commercial property. But, guess what? Financial markets and house prices are not included in CPI - so the effects of all that money creation is simply ignored, and the pockets of the few that operate in these sectors are lined. With stock, bond and London property prices all at record highs, for the Bank of England to be 'warning' about deflation is disingenuous.
Where you once saw Sloane, you now see Slav
Even posh people are priced out. Did anyone notice that our houses are bought by people from the very same countries that are causing us problems politically and economically? Russia the big obvious one. So, beware, the pitchforks are coming. Unless this stops. And we must make sure it stops.
Tax it and prices will fall
Singapore finally took steps to cool its overheated property market. The article presents this as a negative but it's actually a positive. Government revenues have obviously increased, though the reporter didn't bother to investigate this, and prices have been slashed to more reasonable levels so that the locals can actually afford to live there instead of foreigners looking for "Stash Pads" (The name given to NYC ultra-expensive condos by NY Magazine in an article by the same name). While speculator/owners and banks have suffered, the Singapore People will ultimately benefit. Of course, it would be better if the property tax was only on Land, not on the buildings.