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House Price Crash Forum


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About Agentimmo

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    HPC Senior Veteran

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  • Location
    France. South Of.

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  1. Totally agree. I know of 2 people who have left the UK and taken work abroad (IT contracts) in the last quarter. I personally won't take work where I am obliged to pass via a UK based company. More revenue lost for HMRC thanks to these stupid laws. Lobbied for , by the big IT Consultancies , for the last 10yrs or so. They give big pay checks to their political friends. HMRC would have spent its time better , chasing these big consultancies for their tax dodges. Much more tax to be clawed back from them, imo. That's before they even start to look at the FANGs of this world.......
  2. Agentimmo

    Where is your bottom? (Stock Market indexes that is)

    If the authorities weren't worried about riots , interest rates wouldn't still be < 1.5% and their shills wouldn't be in the press every week telling us all what a disaster it would be for the country if they go above 2%..............
  3. http://news.bbc.co.uk/1/hi/business/593477.stm This article has been posted before , on other threads over the years. Oh for the days of the bubbly 2000s ;) I like to look at it to remind myself just how MAD the whole HPI narrative has now become. The message from the VIs never changes. From then:
  4. Agentimmo

    Zirp finally does the trick

    https://en.m.wikipedia.org/wiki/The_Ant_and_the_Grasshopper This Aesop fable is still told today in French primary schools. Maybe a reason why France still has a relatively high personal savings rate.....
  5. ...you're a pretty poor one tbh. If you were defending me I'd be expecting the Chair.....
  6. They've had 28yrs since the fall of the USSR to tackle it but have passed laws to facilitate money laundering not hinder it. Any measures that are announced to the public are meaningless as they are never truly enforced. Also....a good number of MPs as well as the parties themselves enjoy this Russian money and its patronage. They aren't going to give that up easily. It would mean shutting down the London Evening Standard and getting rid of Chelskis owners for a start........ Watch what they do, not what they say!
  7. No political party hoping to have power will have the cojones to seriously tackle this problem. We are whistling in the wind to think otherwise imo.
  8. This. The media keeps the masses under control. Royal Wedding this year anyone?
  9. I detest this Tory bunch of charlatans so much that I'd give him the vote. Couldn't do any worse than the incumbents. And he might even muck up so bad that house prices will crash by 90% ?? My kids would love that. Get him in.
  10. Agentimmo

    French Property

    For beach front appartments and a few select quartiers, possibly still being "snapped up" (love that estate agent speak ?). I just did a quick query on seloger.fr for flats with 2+ beds in central nice under 350k. There's about 2500 properties available on that one site which suggests quite a bit of stock and negotiating margin for the discerning buyer....?
  11. Agentimmo

    French Property

    Well the current IR can hardly go down much lower. Have you seen the rates in France???? JLP is hardly Chicago or Detroit either! Ok, I wouldn't live in the town centre as it's holiday central for 4 months of the year.....but plenty of decent properties within 1km of the beach. As for Spain....let's just say they don't speak French. No comparison. Different markets totally.
  12. ...and the perfect diversion for all this theft post Brexit would be if it all kicked off again in N. Ireland? Troops, terrorists...just like the good old days again for the Establishment.
  13. Barry Benall . Football coach sentenced. 400+ years. No-one else knew anything? I find it hard to believe reading the papers over the last few weeks.
  14. Agentimmo

    French Property

    Update re my last couple of weekends walking in and around Antibes,Juan, Cannes etc. All anecdotal, but gives a flavour at the start of the buying season on my part of the Riviera. - Lots of "For Sale" boards on the seafront properties in Juan. Years since I've seen as many. I counted 8 on 1 block of flats alone. Owners bailing out possibly? - A friend recently bought a 2 bed townhouse in Valbonne. End of January. Needs a little work, nothing major. Priced originally at 285k, he offered 210k. Within a week owner accepted 220k. Estate agent reckons offers of -25 to -30% are being considered by sellers. The market is stagnant. My friend reckons "collapse" is nearer the truth. - Went to my local Societe Generale branch for my annual visit. The client manager mentioned that she expects house prices to fall sharply in next 18-24 months or sooner. Mid to top of market is dead. Foreign investors thin on the ground. Older foreigners selling up and going home. Interest rates rising will be the key to next falls she reckoned. But market is fragile so won't take big rises. - 2 unfinished houses still unsold , 500m from where I live.Both vacant since around 2012. Kite flying prices....but I'm going to contact them in next 2 months with an offer of -40% to see what the reaction is.

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