TheCountOfNowhere Posted December 22, 2015 Share Posted December 22, 2015 http://www.bbc.co.uk/news/business-35159655 "Property sales fell sharply in November, says HMRC"Volumes are collapsing. Prices should follow. Quote Link to comment Share on other sites More sharing options...
200p Posted December 22, 2015 Share Posted December 22, 2015 But still higher than last year. Too many journalists, not enough news. A conclusion cannot be drawn without the bigger. Dont sales always "collapse" every November? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted December 22, 2015 Share Posted December 22, 2015 At least no-one is saying it's all the cold weather putting people off house hunting... Quote Link to comment Share on other sites More sharing options...
rantnrave Posted December 22, 2015 Share Posted December 22, 2015 Some interesting snippets in the article, even if it is only short: Overall, it means that residential sales for the first 11 months of 2015 are almost identical to those for the same period last year. If that pattern continues in December, then sales for the whole of this year are likely to match those for 2014 at about 1.22 million. Sales this year have been regularly trumpted as being higher than 2014 - interesting to see that going into reverse. Andrew Montlake at the London mortgage brokers Coreco said... "Also some amateur landlords may have been put off buying buy-to-let properties because of the impending tax changes they face." Music to my ears if true! Quote Link to comment Share on other sites More sharing options...
billybong Posted December 22, 2015 Share Posted December 22, 2015 "Also some amateur landlords may have been put off buying buy-to-let properties because of the impending tax changes they face." It's only the savvy professional landlords buying now? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted December 22, 2015 Author Share Posted December 22, 2015 For any avoidance of doubt...pre Nov...prices were already massively down on 2015. AreTheShiresCrashing @ShiresCrashing 3m3 minutes ago Prime London sales volumes ( Aug 2015 v Aug 2014 ) Islington: 243 v 194 Down 21% !!!! 0 retweets0 likes Reply Retweet Like View Tweet activity More AreTheShiresCrashing @ShiresCrashing 4m4 minutes ago Prime London sales volumes ( Aug 2015 v Aug 2014 ) Greenwich: 413 v 267 Down 35% 0 retweets0 likes Reply Retweet Like View Tweet activity More AreTheShiresCrashing @ShiresCrashing 5m5 minutes ago Prime London sales volumes ( Aug 2015 v Aug 2014 ) Hammersmith & Fulham: 290 v 175 Down 40% !!!! 0 retweets0 likes Reply Retweet Like View Tweet activity More AreTheShiresCrashing @ShiresCrashing 6m6 minutes ago Prime London sales volumes ( Aug 2015 v Aug 2014 ) Westminster: 270 v 198 Down 27% 0 retweets0 likes Reply Retweet Like View Tweet activity More AreTheShiresCrashing @ShiresCrashing 7m7 minutes ago Prime London sales volumes ( Aug 2015 v Aug 2014 ) Kensington and Chelsea: 214 v 144 Down 33% Let me spell this out anyone thinking of buying a house in the shires.... When the free QE/Low IR HTB/FLS backed/Foreign/Laundered money stops propping up London house prices there is no one in the shires who can afford to buy at the 10-20 times local wage prices the Londoners have been buying at. Looking at the sales volume collapse I'd sale this was happening now. We all know what will happen then. #CaveatEmptor Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted December 22, 2015 Author Share Posted December 22, 2015 (edited) But still higher than last year. Too many journalists, not enough news. A conclusion cannot be drawn without the bigger. Dont sales always "collapse" every November? See my tweets posted Above. Edited December 22, 2015 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Stateless Posted December 22, 2015 Share Posted December 22, 2015 The time for honoring yourself will soon be at an end. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted December 22, 2015 Author Share Posted December 22, 2015 The time for honoring yourself will soon be at an end. Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted December 22, 2015 Share Posted December 22, 2015 Certainly slowed down in my areas. Mostly vendors insisting on XX% more that even earlier this year and not getting it. Lots of chopping and changing of agents rather than reductions Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted December 22, 2015 Author Share Posted December 22, 2015 Certainly slowed down in my areas. Mostly vendors insisting on XX% more that even earlier this year and not getting it. Lots of chopping and changing of agents rather than reductions My man in the knows says 2016 is going to be "difficult" for London property owners. Quote Link to comment Share on other sites More sharing options...
thewig Posted December 22, 2015 Share Posted December 22, 2015 Next month "December bumper month for housing market - Sales up xx% on November!!!!" Quote Link to comment Share on other sites More sharing options...
spyguy Posted December 22, 2015 Share Posted December 22, 2015 http://www.bbc.co.uk/news/business-35159655"Property sales fell sharply in November, says HMRC"Volumes are collapsing. Prices should follow. in London. The number of transaction isn the North fell off a cliffi in 2005 and have never recovered. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted December 22, 2015 Author Share Posted December 22, 2015 in London. The number of transaction isn the North fell off a cliffi in 2005 and have never recovered. Sorry, there is only one housing market driving the bubble now....London. When it goes, it's game over. It's not worth watching any other for now. London is different....it's totally ****ed Quote Link to comment Share on other sites More sharing options...
winkie Posted December 22, 2015 Share Posted December 22, 2015 Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted December 22, 2015 Share Posted December 22, 2015 So tax revenues down as well then? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted December 22, 2015 Author Share Posted December 22, 2015 So tax revenues down as well then? Forget the employment figures, watch the tax revenues. Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted December 22, 2015 Share Posted December 22, 2015 Colleague has recently signed on the line to buy outside NE of London. About 40 mins on train to Paddington. The chain collapsed a number of times. Price she paid for the new build was lower - by about 2% - than originally quoted. Seems the builders couldn't sell it in the interim as the chain collapsed then reformed. In nearly a year. She's happy with the price as she plans to spend next 20 yrs at least in the place raising her kids then retiring. She laughs when she reads that there's a queue of buyers for new property. Outside London....nope. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted December 22, 2015 Author Share Posted December 22, 2015 Colleague has recently signed on the line to buy outside NE of London. About 40 mins on train to Paddington. The chain collapsed a number of times. Price she paid for the new build was lower - by about 2% - than originally quoted. Seems the builders couldn't sell it in the interim as the chain collapsed then reformed. In nearly a year. She's happy with the price as she plans to spend next 20 yrs at least in the place raising her kids then retiring. She laughs when she reads that there's a queue of buyers for new property. Outside London....nope. Interesting. Based on the sales vilume collapse there aint no queues any where. All those crazy mental accidental landlords have missed their chance to sell. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted December 22, 2015 Share Posted December 22, 2015 Sorry, there is only one housing market driving the bubble now....London. When it goes, it's game over. It's not worth watching any other for now. London is different....it's totally ****ed Lot of truth in that ,it`s the only thing keeping the indices in the black Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted December 22, 2015 Share Posted December 22, 2015 Market in Plymouth has done nothing for 6 months. Houses just sat unsold. think will take another 6 months before sellers start cutting prices Quote Link to comment Share on other sites More sharing options...
John The Pessimist Posted December 22, 2015 Share Posted December 22, 2015 Market in Plymouth has done nothing for 6 months. Houses just sat unsold. think will take another 6 months before sellers start cutting prices Unless Osborne and Cameron dream up a new wheeze to prop up the tottering house of cards..... Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted December 22, 2015 Share Posted December 22, 2015 I think he's more worried about the BTL scum taking out a few banks in a HPC in the coming recession. all hands on deck to get the weakest players out and the loan books less scary. The HTB ISA delay for a few years for FTB does seem very much like he doesn't want a full blown HPC but wants FTB to be a safety net. it's annoying seeing the kite flyers sitting for months, reasonable priced stuff shifts pretty quickly. but most of the volume is kite flyers. at least I'm seeing more BTL unloading as time ticks on. Quote Link to comment Share on other sites More sharing options...
porca misèria Posted December 23, 2015 Share Posted December 23, 2015 Market in Plymouth has done nothing for 6 months. Houses just sat unsold. think will take another 6 months before sellers start cutting prices Plimuff is more than one market. On the one hand, Peverell's park areas up quite a bit on a couple of years ago. And some of the cheap/unfashionable areas creeping up. On the other hand, lots that looks cheap in core student-land, and juicy drops in some desirable coast-path areas. Quote Link to comment Share on other sites More sharing options...
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