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Timbuk3

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Everything posted by Timbuk3

  1. https://amp.theguardian.com/money/2018/jun/09/renting-bills-tenants. No room to raise rents.
  2. BDO High st sales tracker reports worst May for 12 years. https://www.bdo.co.uk/getmedia/dd356799-c3a3-49cc-8671-6da0ff5e2266/HSST-May-2018.pdf.aspx
  3. Are there similar indices for commercial property? I'm thinking that with all these retailers going under or doing pre-pack CVA's that any holders of commercial property will be nursing big losses. I recall a story on Bloomberg that the UK banks had already written off their contingency funds for property loss this year and any further losses would eat into their Tier 1 capital but I cannot find it again. The knock on effect of that, if it is true, would then stop lending for house purchases as they had less cash to lend.
  4. Because she can't wedge her fat azzz into an economy seat, she has to go club.
  5. Possibly, that's my gut feeling, that the owner has seen prices peak and now they are trying to get out before prices start to really drop.
  6. Update: So the tenant and landlord are still arguing about the right to sell when they had an agreement not to, but the Landlord offered them the chance to buy at a price of 35% discount to other comparable properties** ** As per a Rightmove search- so kite flying prices.
  7. Krusty is the number one story on BBC this morning. http://www.bbc.co.uk/news/uk-44353321 I bet it's because she can't fit in an Economy class seat.
  8. My colleagues landlord just told her that there are selling up and they want them to leave. She very pi55ed off as they added an extra clause to say that they couldn't give notice or raise the rent until Sep 2019 as they (the tenant) had contributed 50% towards adding an extra bathroom. She contacting her lawyer now. Landlord response was - would she be interested in buying the house. ? This is in Hammersmith.
  9. Nice, right on top of the A12. Fumes....
  10. People selling up in London and moving out to the sticks to retire ?
  11. I walk past Gaucho Smithfields every night and rarely are there more than 6 people in there. Some nights it is empty and the bored looking staff stood there twiddling their thumbs. Always thought it was a matter of time before it closed down. I bet Oliver Meakin is pleased he moved there. He's a commercial Albatross. ?
  12. More bear food. http://www.cityam.com/285499/savills-central-london-land-values-have-tumbled-12-per-cent
  13. https://www.theguardian.com/business/2018/may/03/jobs-at-risk-virgin-media-retail-group-calvetron More
  14. https://www.retailgazette.co.uk/blog/2018/05/45000-retailers-report-significant-financial-distress-tough-first-quarter/ More to come. And on the very same web site they have this. Probably the cause of the other stories. https://www.retailgazette.co.uk/blog/2018/05/amazon-wins-best-uk-retailer-award/
  15. https://www.retailgazette.co.uk/blog/2018/04/benchs-falls-administration/ Bench fails to hit the mark.
  16. Apparently the BLT market is facing significant headwinds. Well Bacon has never been cheaper, same for lettuce but tomatoes are still pretty pricey. Maybe they should stick to being landlords.
  17. https://www.theguardian.com/society/2018/apr/16/value-of-london-flats-slashed-by-grenfell-style-cladding This will drag the prices down too.
  18. http://www.abc.net.au/news/2018-04-11/westpac-mortgage-home-loan-lending-standards/9640812?section=business Looks like the banks are tightening up on loans. Seems a bit late.
  19. I'm thinking that with all the bad weather in March, plus the 'early Easter' effect, plus the warnings about more snowfall over Easter that the footfall in shops for the last month will have been down a lot. With the continuing cold weather there will be less people buying the new summer clothes, so those shops selling clothes may be hit hard. More people sitting at home ordering online from Amazon or whoever will only have exacerbated the decline of high street shops and the non-payment of rent due. More carnage to come I feel.
  20. Has anyone mentioned Mothercare in this thread yet ? Apologies if already posted before. https://www.theguardian.com/business/2018/mar/02/mothercare-in-rescue-talks-with-banks-as-uk-retail-crisis-spreads
  21. FLS has ended now. Could be that a lot of people are worried. It will be interesting to see what happens. https://www.property118.com/funding-lending-scheme-ends-banks-building-societies/ http://www.mortgagesolutions.co.uk/better-business/2017/08/08/will-market-adapt-end-funding-lending/ https://www.express.co.uk/finance/personalfinance/911166/funding-for-lending-scheme-bank-of-england Of course they could plug the gap by offering better rates to savers. https://www.theguardian.com/money/2018/jan/25/uk-workers-chronically-broke-study-economic-insecurity Or not.
  22. https://www.theguardian.com/lifeandstyle/2018/feb/22/casual-dining-crunch-jamies-italian-strada-byron-struggling I didn't see this link posted before but just about sums up why restaurants are closing. Seems no one has enough money to eat out, probably because they spent it all on rent or huge mortgage. Economy drying up because of HPI not HPC.
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