Mwahahahaha - Crashy, Crashy time in London!

PropertyIndustryEye: This is more than seasonal, says Hometrack, as housing market growth slows

The pace of house price growth has slowed to the weakest in 18 months – and the London market is cooling “rapidly” and “dramatically”. Reporting this morning, Hometrack said that weakening demand and a slowing in property price inflation are “more than just a seasonal slowdown”. 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 “find it hard to push prices ahead in the face of weaker demand”.

Posted by khards @ 02:41 PM 0 Comments

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.

Posted by libertas @ 12:17 AM 21 Comments

Thursday, Jul 24, 2014

Unreliable boyfriend?

Daily Wail: Rate rise could push Britain back into recession says Carney: Fears over effect of household debt

- The Canadian Bank of England governor warns that a rate rise is on the way - With no increase, the housing market could spiral out of control, he says - Rates have been kept at 0.5 per cent since the depths of the crisis in 2009

Posted by hpwatcher @ 11:37 AM 10 Comments

Wednesday, Jul 23, 2014

Help not to be repossessed

City A.M.: Interest rate hikes risk a household debt crisis if we don’t act now

A "help not to be repossessed" scheme? I wouldn't bet against it

Posted by mountain goat @ 11:18 PM 2 Comments

An interesting one for the Homeowenerists...

Telegraph: BBC drives biggest rise in house prices

What to say? It's absolutely fine for idle landowners to trousers billions from CrossRail, but what if the source of the unearned windfall is that enemy of capitalism, the BBC?

Posted by mombers @ 02:22 PM 1 Comments

Step by step guide to being a landlord

Commercial Trust: Step by step guide to being a landlord

Being a landlord is about much more than just buying a property and sticking some tenants in to pay the rent – it’s about providing someone with a home and making sure that home is safe and suitable for the person living there.

Posted by amelia @ 01:10 PM 1 Comments

Is this a sign of a crash?

MoneyWeek: What Foxtons' share price tells us about the London property market

Foxtons, the famously bullish London estate agent, has seen its share price fall to a 52-week low. That doesn't bode well for the capital's house prices.

Posted by andrew.williams @ 12:17 PM 0 Comments

BoE idiot extends UK boom in debt, and then claims economy is fixed.

Independent.co.uk: Paul Fisher: ‘The Bank delivered the recovery’

'Mr Fisher also argues that QE, along with the Bank’s 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.

Posted by hpwatcher @ 09:33 AM 2 Comments

Tuesday, Jul 22, 2014

Councils fearful of upsetting investors refuse to penalise empty homes owners

BBC News: Power to penalise owners of empty homes goes unused

"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].

Posted by landofconfusion @ 04:16 PM 6 Comments

Monday, Jul 21, 2014

Unique Balfour Place has 19 bedrooms, six kitchens and 17 bathrooms

Wetherell.co.uk: UNIQUE BALFOUR PLACE APARTMENT BUILDING FOR SALE

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.

Posted by tanya @ 12:24 PM 0 Comments

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