topliner Posted July 8, 2010 Share Posted July 8, 2010 http://www.telegraph.co.uk/finance/personalfinance/7878766/House-prices-will-fall-in-2011.html Say no more! topliner Quote Link to comment Share on other sites More sharing options...
Guest_James Toney_* Posted July 8, 2010 Share Posted July 8, 2010 http://www.telegraph.co.uk/finance/personalfinance/7878766/House-prices-will-fall-in-2011.html Say no more! topliner nice very nice Quote Link to comment Share on other sites More sharing options...
Lepista Posted July 8, 2010 Share Posted July 8, 2010 *Another* crash???? I thought all the meeja said the last episode was a "downturn"...? I'm confused now... have we been througha HPC, and we are on for another one, or are we just in a "softening of prices"? Quote Link to comment Share on other sites More sharing options...
lurker07 Posted July 8, 2010 Share Posted July 8, 2010 *Another* crash???? I thought all the meeja said the last episode was a "downturn"...? I'm confused now... have we been througha HPC, and we are on for another one, or are we just in a "softening of prices"? I think the upward pressure on prices may become negative for a while. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted July 8, 2010 Share Posted July 8, 2010 I'm confused now... have we been througha HPC, and we are on for another one, or are we just in a "softening of prices"? I believe the correct terminology is "upward pressure on house prices is set to ease slightly", as in "the upward pressure on house prices eased slightly so I was forced to sell my 2006 BTLs for half of what I paid for them". Quote Link to comment Share on other sites More sharing options...
pablopatito Posted July 8, 2010 Share Posted July 8, 2010 Capital Economics Can anyone tell me if they have ever, in the last few years, got a single prediction even remotely right? I think my dog has got more predictions right than them. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted July 8, 2010 Share Posted July 8, 2010 Capital Economics Can anyone tell me if they have ever, in the last few years, got a single prediction even remotely right? I think my dog has got more predictions right than them. Is your dog bullish on 2011 house prices? Quote Link to comment Share on other sites More sharing options...
Mega Posted July 8, 2010 Share Posted July 8, 2010 Yep Its baked in! Got Popcorn? I think they turn on the BTL & say CUT RENTS! Mike Quote Link to comment Share on other sites More sharing options...
bearORbullENIGMA Posted July 8, 2010 Share Posted July 8, 2010 Who was their source? This Quote Link to comment Share on other sites More sharing options...
Mega Posted July 8, 2010 Share Posted July 8, 2010 ....................And with HPC comes £ CRASH! Mike Quote Link to comment Share on other sites More sharing options...
Alan B'Stard MP Posted July 8, 2010 Share Posted July 8, 2010 ....................And with HPC comes £ CRASH! Mike The contrary I would have thought. Quote Link to comment Share on other sites More sharing options...
Liquid Goldfish Posted July 8, 2010 Share Posted July 8, 2010 A separate house price index by LSL Property Services suggested buyers are taking advantage of lower prices with the number of properties sold up 20 per cent to 63,500 in June, from almost 53,000 the previous month. would this 20% increase in sales help or hinder a crash? Quote Link to comment Share on other sites More sharing options...
Pent Up Posted July 8, 2010 Share Posted July 8, 2010 would this 20% increase in sales help or hinder a crash? How did they work that out then? These guys are merging with FT academetrics from next month. Quote Link to comment Share on other sites More sharing options...
Frank Hovis Posted July 8, 2010 Share Posted July 8, 2010 Meanwhile, lead property story at the Daily Embarrassment: House prices soar: Homes for under £50,000Despite soaring house prices BEN WEST manages to find good bargains, http://www.dailyexpressproperty.com/ http://www.dailyexpressproperty.com/articles/view/1/743 It's like a spoof newspaper. Laughably bad. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted July 8, 2010 Share Posted July 8, 2010 (edited) Oh, now it's fashionable..'Down is the new up' Edited July 8, 2010 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
winkie Posted July 8, 2010 Share Posted July 8, 2010 One other reason prices will fall further, stamp duty will pull prices down below thresholds. v v v Purchase price of residential property Rate of SDLT (percentage of the total purchase price) Rate of SDLT - first-time buyers (percentage of the total purchase price) £0 - £125,000 0% 0% £125,001 - £250,000 1% 0% £250,001 - £500,000 3% 3% £500,001 or more 4% 4% High taxes stamp duty and vat, legal costs and agents fees will see lower sales turnover and lower prices. Quote Link to comment Share on other sites More sharing options...
Liquid Goldfish Posted July 8, 2010 Share Posted July 8, 2010 (edited) How did they work that out then? These guys are merging with FT academetrics from next month. that's all the info there was but if it's a NSA figure, then a rise of 20% in sales from May to June is probably normal Edited July 8, 2010 by oldsport Quote Link to comment Share on other sites More sharing options...
pablopatito Posted July 8, 2010 Share Posted July 8, 2010 It's like a spoof newspaper. Laughably bad. http://www.dailyexpressproperty.com/articles/view/6/742 "I did wonder whether our asking price was too high but now I think the reason we couldn't sell it is because we need a particular kind of buyer, " says Lyndy They snapped it up in 2007 for £765,000 then spent £150,000 on refurbishment "We put our flat on the market for £975,000 and with the quirky design and layout we expected a wealthy American relocating to London to snap it up" Quote Link to comment Share on other sites More sharing options...
mikthe20 Posted July 8, 2010 Share Posted July 8, 2010 http://www.dailyexpressproperty.com/articles/view/6/742 "I did wonder whether our asking price was too high but now I think the reason we couldn't sell it is because we need a particular kind of buyer, " says Lyndy They snapped it up in 2007 for £765,000 then spent £150,000 on refurbishment "We put our flat on the market for £975,000 and with the quirky design and layout we expected a wealthy American relocating to London to snap it up" They're now letting it for £700 a week. Means £36,400, giving a gross yield of 3.7% on their valuation! Seems you'd have to halve the price of the flat to get a decent yield... Quote Link to comment Share on other sites More sharing options...
keef319 Posted July 8, 2010 Share Posted July 8, 2010 Who the hell reads the Daily Express!?!?!?! Gotta be the worst newspaper in existence! If I was gonna use it as toilet paper, I wouldn't even bother reading it first!! Quote Link to comment Share on other sites More sharing options...
Sibley's Love Child Posted July 8, 2010 Share Posted July 8, 2010 I think they turn on the BTL & say CUT RENTS! Mike There's probably an appropriate anagram in there somewhere. Quote Link to comment Share on other sites More sharing options...
pablopatito Posted July 8, 2010 Share Posted July 8, 2010 I like the way in the Express no-one actually buys houses, they 'snap them up'. Quote Link to comment Share on other sites More sharing options...
repetitive bleats Posted July 8, 2010 Share Posted July 8, 2010 "Lyndy's flat is still available for sale (with sitting tenants) through Foxtons, Battersea." a million quid for a two bed flat... good luck with that love. Quote Link to comment Share on other sites More sharing options...
the flying pig Posted July 8, 2010 Share Posted July 8, 2010 (edited) http://www.dailyexpressproperty.com/articles/view/6/742 "I did wonder whether our asking price was too high but now I think the reason we couldn't sell it is because we need a particular kind of buyer " says Lyndy They snapped it up in 2007 for £765,000 then spent £150,000 on refurbishment "We put our flat on the market for £975,000 and with the quirky design and layout we expected a wealthy American relocating to London to snap it up" more likely too low in truth. another fifty grand or so might do the trick... Edited July 8, 2010 by the flying pig Quote Link to comment Share on other sites More sharing options...
pablopatito Posted July 8, 2010 Share Posted July 8, 2010 a million quid for a two bed flat... good luck with that love. Er, don't you mean a million quid for a two bed flat with Lutron lights, a Poliform kitchen, Miele appliances..... Doesn't that make it sound like a bargain? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.