London house prices down

City A.M.: London house prices dragged down by zones 2 and 3

Houses brought to market in London are down 3.5% over the last year. Zones 2 and 3 saw the biggest falls.

Posted by icarus @ 12:44 PM 0 Comments

Friday, Jan 12, 2018

Interesting Comments

BBC: The areas where house prices rose fastest in 2017

Nothing new in this article. However, what I found interesting is the comments. Try sorting them by Highest Rated. About the top five are saying price rises are a bad thing and berating the Journalist for using the word "Shine" Personally I always think of the contrast there would be if they were talking about another consumer durable - cars. p.s. One day on I had difficulty finding the article as all the news was about a different price increase - the price of oil. I'm sure there must be a connection. Back in the 1980s a colleague said he thought that as normal goods went down in price houses would go up. The old "Waterbed" theory.

Posted by tenyearstogetmymoneyback @ 08:18 AM 3 Comments

Thursday, Jan 11, 2018

Worlds run out of QE

Quartz: Donald Trump Bond Vigilantes

This article has got an animation where you can slide your mouse over the years and see the yield curve, so you can see basically just how dramatic QE was changing borrowing costs.

Posted by stillthinking @ 08:55 PM 2 Comments

Halifax looking increasingly reliable: UK -0.6% MoM (Dec)

Grauniad: UK house prices falling for first time since June, says Halifax

A correction after years of unpredecented growth, year on year still positive, it's London, yadda yadda yadda.

Posted by nickb @ 02:19 PM 0 Comments

Saturday, Jan 6, 2018

Brexit Effect?

The Times: Sellers slash prices after family home market stalls

Prices of upmarket family homes are collapsing as hefty property taxes and uncertainty over the economy force sellers to make “eye-watering” reductions, according to research for The Times. Almost half of the homes on sale for between £1 million and £2 million in London have had their prices cut, with average reductions of £142,000, rising to nearly £900,000 in extreme cases. Across Britain one in three sellers reduced their asking price last year, the highest proportion since the double-dip recession of 2012.

Posted by quiet guy @ 07:34 PM 5 Comments

Saturday, Dec 30, 2017

Millenials set for comfortable retirement

Guardian: Millenials set to reap inheritance boom

Lucky millennials stand to inherit millions of pounds when they approach retirement age.

Posted by cyril @ 09:12 AM 4 Comments

Sunday, Dec 24, 2017

Socialism..

Torygraph: Housing shortage could put Corbyn in No 10

I think this guy is absolutely dead on. Corbyn is going to win the next election and housing is going to to be a big part of this. The whole point of the Tories is the individual and capitalism, which allows an unfettered market to be guided by supply and demand. Yet when there is a shortage of workers in the UK, wages don't go up, immigration does. When there is a shortage of housing, production does not increase because its all throttled by planning permission. This is all government interference in market economics, the -whole- purpose of the Tories existence. I think, also, that the only way to get to a Conservative party that isn't a continuation of New Labour is to go through a term of Corbyn.

Posted by stillthinking @ 09:02 AM 8 Comments

Tuesday, Dec 19, 2017

Seems that giving money to an uncompetitive industry raises prices AND reduces quality?

BBC: The new homes 'uninhabitable' after less than a year

"Karen bought the property from housebuilder Bovis for £325,000 in December 2016, under the government's Help to Buy scheme. After numerous complaints to the company, she eventually hired an independent surveyor to assess the house - who uncovered major structural issues." Why on earth the government is giving this industry a penny of taxpayers' money is a mystery. Judging by the sums that the management and shareholders are trousering, these companies' investments in elections have paid off handsomely though!

Posted by mombers @ 02:06 PM 3 Comments

Monday, Dec 11, 2017

London -3.7% MoM

Metro: Biggest Fall in House Prices in 5 Years

Tis the season to be jolly.

Posted by nickb @ 10:19 AM 5 Comments

Sunday, Dec 10, 2017

Pushing up house prices and increasing mortgage debt are his answer!

Brexit Central: Tony Blair’s secret memo to Alastair Campbell: My 12-point plan for stopping Brexit

Blair himself believes that you have to "keep the people happy by building more houses and offering bigger mortgages, rather than dirty factories or risky investments." Now last time I checked, having a £1m mortgage for shoebox was neither wise nor happy-making. What's he been smoking?

Posted by sneaker @ 12:55 PM 0 Comments

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