Mwahahahaha - Crashy, Crashy time in London!
The pace of house price growth has slowed to the weakest in 18 months â and the London market is cooling ârapidlyâ and âdramaticallyâ. Reporting this morning, Hometrack said that weakening demand and a slowing in property price inflation are âmore than just a seasonal slowdownâ. n London, Hometrack says that 11% of areas are now registering price falls, while only 12% of London postcodes registered price gains in July. The proportion of the asking price being achieved is also starting to decline nationally, as agents âfind it hard to push prices ahead in the face of weaker demandâ.
Have you converted your bullion into a house deposit yet?
Bullionvault: Gold Prices "Range Bound", Dip Below "Psychologically Important" $1300 as Consensus Forecasts Fresh Falls
Looks like gold has been sidelining for too long with too much deflationary news. A drop to between $1000 and $800 will signal that interest rates are going to drop to negative rather than positive, with new technology and labour mobility causing the cost of living and doing business to plummet. Did I hear 3D printing anybody? Could Carney be speaking about rate rises because he wants to distract folks from the ongoing meltdown in rates, with Germany flirting with negative rates? Indeed, the German 6month note went negative on the 13th July for the first time since last April: http://uk.investing.com/rates-bonds/germany-6-month-bond-yield-advanced-chart . It remains at 0.028% with no European growth projected.
Help not to be repossessed
An interesting one for the Homeowenerists...
Step by step guide to being a landlord
Is this a sign of a crash?
BoE idiot extends UK boom in debt, and then claims economy is fixed.
'Mr Fisher also argues that QE, along with the Bankâs Funding for Lending Scheme which subsidises credit to banks, were responsible for the recovery that finally kicked in last year.' ----- Yes, an a debt driven recovery at that. It's just a strategy to hide a bankrupt country.
Councils fearful of upsetting investors refuse to penalise empty homes owners
"The BBC's research shows there are currently 80,489 empty properties in the capital - and in total only 4,399 of them were subjected to the Empty Homes Premium." "The way to build homes is not to tax existing homes and stop people investing and buying in our city." - Daniel Astaire, cabinet member for housing, Westminster council [my emphasis].
Unique Balfour Place has 19 bedrooms, six kitchens and 17 bathrooms
No.7 Balfour Place - an Arts & Crafts-style Mayfair mansion built in 1891 - was divided up into six apartments in the 1990s. But with the world's billionaires fighting over properties in the capital, it is likely to sell to a buyer who wants it for a family home. It has seven reception rooms of 'princely proportions', six kitchens, 17 bathrooms and a roof terrace. Estate agent Peter Wetherell said: "As apartments, it could be used as an investment to generate rental income. Reinstated into a single residence, it could create one of London's finest mega-mansions." No.7 Balfour Place is for sale freehold priced at £45 million.