Friday, Dec 07, 2007
C'mon folks, do we want to go back to discuss housing on this site? too much talk about the unconsequential rate cut of yesterday
MoneWeek: London house prices aren't immune to a slowdown
"But in the end I’m afraid that only one number stuck in my head, 3.2%. That’s the net yield on the properties Naomi sources. It’s also more than 2% below the base rate and at least 3% below the price of the average buy-to-let mortgage."
Posted by confused76 @ 10:44 AM (265 views) Add Comment
4 Comments
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1. Bob said...
inconsequential
2. alan said...
http://www.bloomberg.com/apps/news?pid=20601206&sid=aCEn7lXXkIY0&refer=realestate
This Bloomberg article says: "London Luxury-Home Prices Gain Least in Three Years"
Obviously they've not been checking the prices of new build flats in Basildon (Essex) or a less upbeat story would emerge.
3. cyril said...
The article says her mum can't shift her 7 bedroom house with 150 acres.
A big house in the middle of nowhere sounds nice but you really need to be minted to do it justice, and the upkeep must be phenominal. There used to be loads of big houses in France selling for peanuts, that is until property-obsessed Britons bought them all up so maybe they will return to their former values. Lets hope so.
4. Roger Relevant said...
What type of individual truly wants people to lose money on their property?