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Patient London FTB

Nice Evening Standard front page

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Story is based on Land Registry stats for October, which are incomplete, so it's an over-reaction. But it shows the media distorts housing figures to the downside as well as the upside. 

Oh, and guess what, all those quoted in the article say stamp duty is the problem. 

 

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7 minutes ago, Patient London FTB said:

Story is based on Land Registry stats for October, which are incomplete, so it's an over-reaction. But it shows the media distorts housing figures to the downside as well as the upside. 

Oh, and guess what, all those quoted in the article say stamp duty is the problem. 

 

It's based on the six months to October - nine sales this year v 52 last year. I suppose there could be an extra two or three that have been missed from September and October but that's still over 75% down.

http://www.standard.co.uk/news/london/sales-of-luxury-homes-slump-in-london-due-to-stamp-duty-and-brexit-a3414476.html

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2 minutes ago, This time said:

It's based on the six months to October - nine sales this year v 52 last year. I suppose there could be an extra two or three that have been missed from September and October but that's still over 75% down.

http://www.standard.co.uk/news/london/sales-of-luxury-homes-slump-in-london-due-to-stamp-duty-and-brexit-a3414476.html

My mistake. I seem to have lost the ability to read ...

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The news is always biased towards personal opinions and agendas. At present they will attempt to mask the truth, but who actually buys when compounded with uncertainty in the marketplace?

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Saw this on the bus an hour ago! 

Glad you posted it, OP, saved me doing it. 

I like the causes they give - nothing to do with them just being far too bloody expensive, then. 

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Desperate Bremoaniacs trying to resurrect project fear. In case they haven't noticed UK economy is at an all-time high , and will go stella as soon as we trigger art 15. EU economy has gone into a death spiral, Germany will be bankrupt and at the IMF before we leave.

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1) If Stamp duty is the barrier then the seller could always reduce the price to reduce the stamp duty 

2) How many normal London workers on the train home (like myself ) give a flying ****** that properties costing up to 10 mil are struggling to sell ? 

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8 hours ago, This time said:

It's based on the six months to October - nine sales this year v 52 last year. I suppose there could be an extra two or three that have been missed from September and October but that's still over 75% down.

http://www.standard.co.uk/news/london/sales-of-luxury-homes-slump-in-london-due-to-stamp-duty-and-brexit-a3414476.html

It's not just prime sub prime flats

Take SW3,May to Aug inclusive this year= 66 transactions

May to Aug incl 2015=125 transactions

maybe it's just SW3,but still,that's a hosing.

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17 hours ago, Errol said:

Who is 'Star' Ellie?

Why are random people on the front page?

Please try to keep up at the back. You probably haven't even heard Addison Lee's new single either have you?

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17 hours ago, Patient London FTB said:

Story is based on Land Registry stats for October, which are incomplete, so it's an UNDER over-reaction. But it shows the media distorts housing figures to the downside as well as the upside. 

Oh, and guess what, all those quoted in the article say stamp duty is the problem. 

 

 

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