BTL collapse...

Torygraph: Revealed: the full shocking extent of the buy-to-let market collapse

Interesting stats how can we have both more rental listings and more housing going on the market.... unless the insane system we have has lots of hidden capacity, imagine what an Land Value Tax would produce.

Posted by pete green @ 10:49 AM 5 Comments

Wednesday, Dec 7, 2016

Scratches head and pulls out a splinter or two

Evening Standard: Sales of luxury homes slump in London

... and I heard RBS are increasing Mortgage rates ? Never mind ECB will no doubt ride to the rescue... or will it ??

Posted by techieman @ 07:11 PM 3 Comments

High house prices are a measure of poverty

BBC News: Housing crisis 'creates in-work poverty'

The JRF study suggested that in-work poverty was driven by housing costs, especially in the private rented sector, where the numbers living in poverty had doubled to 4.5 million in a decade. This was the key factor behind London recording the highest poverty rate at 27% - 6% above the UK average, according to the study.

Posted by quiet guy @ 10:56 AM 3 Comments

Monday, Dec 5, 2016

Another facility making way for flats

ITV: Farewell to the home of X Factor: Studio to be demolished

Fountain studios in Wembley where ITV programs have been made since 1955 is being demolished to build "Luxury Flats". I thought one of the appeals of London was supposed to be all the culture and entertainment facilities. I guess they are less important than a quick profit. . This seems to be a recurring theme - Docklands Arena (which I visited quite a few times), BBC Television Centre, and in the future perhaps Earls Court.

Posted by tenyearstogetmymoneyback @ 12:07 AM 0 Comments

Thursday, Dec 1, 2016

They all need homes

Telegraph: Latest ONS immigration figures reveal a record number of EU migrants came to live in Britain in 2016

As I have said ad-infinutum, this pause between EU and Brexit will result in countless people front-running border controls. Almost 600k immigrants the past year, with net migration at over 335k, with illegal or undocumented or undeclared immigration likely being double the 600k level at maybe 1.2m. Many heading to London. This is why affordability in London in particular will plummet and prices will likely start moving into a hyperinflation level if action is not taken soon. When you compare it with annual house building starts to June of just 144,280, I think we start to see the problem coming into focus. This growth simply is not being planned for and if you knew the cost of satisfying demand for homes and infrastructure, you would be protesting on the streets.

Posted by libertas @ 07:28 PM 23 Comments

Tuesday, Nov 29, 2016

Government creates the rigged housing market

Taxpayers Against Poverty: Deaths by Acts of Parliament

Interesting Article from Fred Harrison on the effect of an unfair & rigged housing market

Posted by pete green @ 09:18 AM 0 Comments

Monday, Nov 28, 2016

UK property to fall 50%?

Frisby's Bulls and Bears: UK property to fall 50%? Talking houses with Henry Pryor

24 minute podcast interview with Henry Pryor discussing the housing market

Posted by frizzers @ 05:54 PM 16 Comments

Sunday, Nov 27, 2016

Land Monopoly

The Bureau of Investigative Journalism: Builders make billions as housing crisis escalates

Imagine if the profit from the uplift in value of land from granting planning permission was spent on building council housing - Job done better still tax all land value away. But currently the profits are obscene and this is the real force of monopoly stopping new houses being built.

Posted by pete green @ 06:48 PM 2 Comments

Saturday, Nov 26, 2016

Autumn Budget Statement

Business Insider: The Chancellor is planning a £23 billion spending bonanza on housing, technology, and transport

By committing a few billion pounds towards house building, the chancellor has implicitly acknowledged that we have a problem. IMO the targets of 100,000 new homes in expensive areas and 40,000 cheaper homes will not be enough to correct our housing market mess but at least it's a move in the right direction.

Posted by quiet guy @ 12:47 PM 0 Comments

Wednesday, Nov 23, 2016

Watching FOXT and CWD shares take a hammering with glee

Graniard: Chancellor to crack down on letting fees in Autumn statement

Foxtons shares down more than 10%. Countrywide down more than 5%. Seems to me that overall, agents will not be able to pass on all of their lost tenant fee revenue to landlords... No wonder they were kicking and screaming

Posted by mombers @ 10:40 AM 8 Comments

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