Refusal to increase building

Guardian: Berkeley: We can't meet government demands for extra new homes

Berkeley don't think they can increase profits by increasing housebuilding, and point out a number of government related factors. Costs of moving homes, planning difficulties, mortgage limits, btl tax relief changes and economic uncertainty. I do have some sympathy for house builders in fact, because if you potentially facing ongoing falls in the underlying valuation of the land with planning permission, then popping flats or houses on top won't save you from a loss, because its not what people are buying. As construction costs haven't changed. So now May, who is useless, is either going to be forced into government action a la Corbyn or do nothing (

Posted by stillthinking @ 10:56 AM 3 Comments

Thursday, Mar 15, 2018

Pass the Vaseline

The Independent: Savills becomes latest estate agent to warn over challenging housing market

I just love how 'price declines' are given the politically correct term 'volatility' or 'uncertainty'. It's like how what's unfolded since 2008 has never been labelled a 'depression'. Call it like it is. House prices are going down, led by a much-needed crunch in London. I wouldn't want to be an offshore owner of all those newbuild "LUXURY DEVELOPMENTS" now!!! You don't vote, you don't pay tax, you don't live here, you can't sell because nobody onshore will pay them -- and we don't care!

Posted by sneaker @ 05:12 PM 0 Comments

Wednesday, Mar 14, 2018

What are the conservatives now?

Torygraph: 41bn deficit

If you look at the political system in the UK you are supposed to have a choice between left and right. The Conservatives are meant to champion the free market and lower government spending. Yet, not only is the level of tax the same under the Conservatives as New Labour, we have a situation where property prices are 5x or 7x times cost of building. Market failure. University fees are all at the max. Market failure. No market based reform has been attempted in the NHS i.e. the reality that doctors do a job same as everybody and need to compete on price and quality is ignored. Schools exactly the same. Now I read this, that Hammond is sounding out 5p increases on income is the platform the Conservatives are going to campaign on???

Posted by stillthinking @ 05:39 PM 2 Comments

Tuesday, Mar 13, 2018

The problem with a property price slowdown

Capital and Conflict: The problem with a property price slowdown

The UK’s property boom is sputtering and stuttering. You should be very worried about what happens next. House prices fell nationally in the last three months reported Halifax. The Royal Institution of Chartered Surveyors (RICS) house price index hit zero in February. It was a bigger drop than forecast by any economist polled by Reuters and the lowest since March 2013.

Posted by cornishman @ 12:16 PM 10 Comments

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