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EmmaRoid

Increase In Housing Transactions 2012 To 2013

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I think the gist is that 2013 saw a 142,000 increase in transactions up to 1,075,000

Of the 142,000 extra, 57% (81,000) were to cash or BTL buyers, 36% (51,000) to first time buyers, 7% (10,000) to home movers.

You can see where the increase in transactions is coming from and I'd suggest that the fallout from London prices is driving the increase in cash purchases in the South East.

Edited by 7 Year Itch

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I think the gist is that 2013 saw a 142,000 increase in transactions up to 1,075,000

Of the 142,000 extra, 53% were to cash or BTL buyers, 36% to first time buyers, 7% to home movers.

You can see where the increase in transactions is coming from and I'd suggest that the fallout from London prices is driving the increase in cash purchases in the South East.

The yellow bars are the surest sign that the UK if utterly fecked.

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The yellow bars are the surest sign that the UK if utterly fecked.

Wrong - the yellow bars mean that we are marching closer and closer to an oversupply of rental properties thus driving down rents.

Void periods and arrears have been increasing rapidly for the last year, that is why all of the rental reports (except prime central London) have been halted. I mean, where's Right Move or the Governments rental reports vanished too?

Ladies and gentlemen, we have a buy to let bubble that will pop when enough people can no longer afford to pay the rent. Take a look at America, they are 12 months in front of us

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Wrong - the yellow bars mean that we are marching closer and closer to an oversupply of rental properties thus driving down rents.

Void periods and arrears have been increasing rapidly for the last year, that is why all of the rental reports (except prime central London) have been halted. I mean, where's Right Move or the Governments rental reports vanished too?

Ladies and gentlemen, we have a buy to let bubble that will pop when enough people can no longer afford to pay the rent. Take a look at America, they are 12 months in front of us

Not so clear cut.

People will just start house sharing.

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Wealthy foreigners have bought houses from BBC staff in London who then have enough cash to relocate and buy near Manchester?

There has to be a reason why the Biased Broadcasting Corporation ramp house prices so much....

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Wrong - the yellow bars mean that we are marching closer and closer to an oversupply of rental properties thus driving down rents.

Void periods and arrears have been increasing rapidly for the last year, that is why all of the rental reports (except prime central London) have been halted. I mean, where's Right Move or the Governments rental reports vanished too?

Ladies and gentlemen, we have a buy to let bubble that will pop when enough people can no longer afford to pay the rent. Take a look at America, they are 12 months in front of us

True about those rental reports. Even the BoE's stops in May 2013.

Nadeem Walayat Yellow... B)

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Wrong - the yellow bars mean that we are marching closer and closer to an oversupply of rental properties thus driving down rents.

Void periods and arrears have been increasing rapidly for the last year, that is why all of the rental reports (except prime central London) have been halted. I mean, where's Right Move or the Governments rental reports vanished too?

Ladies and gentlemen, we have a buy to let bubble that will pop when enough people can no longer afford to pay the rent. Take a look at America, they are 12 months in front of us

Not quite sure you can make that inference. Btl is probably a small component of the yellow bar.

Neither am I certain whether cash buyers are for investment or not

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One positive thing is that those properties bought for cash can be liquidated far more quickly than ones bought by debt slaves.

In theory, when the cycle turns (as they always do*), these are the properties that will be dumped with velocity.

*Governments have extended the last cycle with 05 interest rates and printing money, next time there is NO ammo left.

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Not so clear cut.

People will just start house sharing.

If I were a BTL landlord, that would not give me comfort... 5 people in one of my houses, is not as good as 5 people in 5 of my houses... :P

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2012 figures for 933,000 transactions is 23% FTB, 35% home mover 42%% cash/BTL (some separate analysis shows cash at 34% so BTL 8%)

Credit to same source as the op, @resi_analyst

If my maths is right and these are rounded approximates anyway,

FTB - 23% of 933,000 = 215,000 up 24% to 266,000

Home mover - 35% of 933,000 = 326,000 up 3% to 336,000

Cash/BTL - 42% of 933,000 = 392,000 (317,000 + 75,000) up 21% to 473,000 (Assuming same proportions 381,000 + 90,000 but that's a guess, sorry, 'estimate' based on 2012 proportions)

933,000 up 15% to 1,075,000

Edited by 7 Year Itch

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For what it's worth houses appear to be flying of the shelves in Bristol, feels like a bubble, walks like a bubble, smells like a bubble, must be a flat stable market.

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For what it's worth houses appear to be flying of the shelves in Bristol, feels like a bubble, walks like a bubble, smells like a bubble, must be a flat stable market.

Who is buying and where is the cash coming from? I know it's not wage rises.

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Wrong - the yellow bars mean that we are marching closer and closer to an oversupply of rental properties thus driving down rents.

Void periods and arrears have been increasing rapidly for the last year, that is why all of the rental reports (except prime central London) have been halted. I mean, where's Right Move or the Governments rental reports vanished too?

Ladies and gentlemen, we have a buy to let bubble that will pop when enough people can no longer afford to pay the rent. Take a look at America, they are 12 months in front of us

Local rents are where they were 14 years ago - in nominal terms.

Voids are horrendous - back then a place would be empty for a week of two.

Now there empty for months on the end. A lot are fail to let for a full 6 months.

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