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House Price Crash Forum


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About QuietObserver

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  1. Or are those Cyprus property ads that have started to appear mid-thread a bit inappropriate for this site?
  2. Is this it? http://news.bbc.co.uk/player/nol/newsid_65...bw=bb&mp=rm
  3. Thanks for the posts. From what I know, they were expecting to pay for legal costs on top of the £1 transaction, but hadn't budgeted for stamp duty. There are no partners with either family member that have any legal standing. I don't know if making the house into a gift is an option, as I believe Inheritance Tax is still payable if he stays in the property and does not pay a market rate rent. Does anyone know of any decent links about the law and hiding assets? I can only find stuff about divorce.
  4. My mate's Dad is self employed and has had some problems with a large supplier letting him down on a big order, so he has taken them to court. He has personal liability in the business and is understandably concerned about retaining his house if he loses the case. For protection, he wants to sell the house to my mate (who is not a homeowner yet) for £1 and then buy it back for £1 when the case is over. Now this sounds too simple to me! For a start, is this legal? If it is above board, does anyone know what the implications of this are and will there be any penalties to either of them like
  5. The latest Land Registry figures have been around for a while, but I've just spotted that flats in Newcastle are reported to have risen 26.5% in the last year according to the BBC! http://news.bbc.co.uk/1/shared/spl/hi/in_d...s/html/cj.stm?f What's caused this? Posh new builds being snapped up by BTL?
  6. This week Newcastle was named as Britain's worst major city to do business in, mainly due to poor skill levels and transport links. http://www.omis.co.uk/Downloads/BBC06.pdf
  7. Anyone know who wrote this? It might be worth Webmaster submitting an official entry instead. http://en.wikipedia.org/wiki/House_Price_Crash
  8. This article was published in the Darlington-based Northern Echo, which is a popular paper in Tony Bliar's Trimdon constituency. The people who directly voted him in will have read this while having their breakfast! By the way, the article has now been archived. Here's the new link:- How wrecking prices are wrecking family life
  9. Thanks! Been really busy, but I've still found time to keep up with this forum. Is it me or are more Sold SSTC signs popping up aroung Jesmond and Gosforth?
  10. BTL and then rent to DSS claimants. I've been told it was surprisingly recession proof last time in the less posh parts of town. If people are on long term incapacity then rental income is pretty much a constant income and it could be much easier to collect money from the council than students or young professionals. I don't agree that it's right, but it does happen. I wouldn't think the council would foot the bill for a nice flat near Ilford Road though!
  11. Seems like some things never change in the North East. Long term unemployment is as strong as ever: - 125,000 Are Choosing Unemployment Strengthens the argument for BTL being a safe bet!
  12. The latest Pattinson results are out. So far less than 30% of stock has sold, but this changes over the next few days as legal stuff goes through so could go up/down. Here's the link: - Pattinson Auction Results - 30 August 2005 Any thoughts?
  13. You could try http://maps.google.co.uk. The satellite pics aren't great, but the actual maps are much clearer than other sites out there
  14. As ever, neilrich is spot on! Jesmond is arguably the easiest area to sell property in Newcastle if the price is right. Selling prices have more than tripled in the last ten years, but they are starting to stall now: - Average Price Of Flats In Jesmond Over The Last Decade The first question I would ask myself in your position is whether £15K is a decent reduction for a property that has risen in valuation by potentially £80K+ over less than five years? The next question I'd consider is, if properties are being reduced this much so soon after the 2003/4 market peak, then is it worth hangi
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