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Realistbear

S K Y: Most Unsold Houses On Books In A Decade

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http://news.sky.com/skynews/article/0,,304...1,00.html?f=rss

Price Drops - But A Slow Time For Agents
Updated:10:25, Tuesday March 11, 2008
Estate agents have
more unsold properties on their books than at any time in the past 10 years
because of wary buyers, figures show.

Apologies if already posted. A very clear indicator that Gordon's miracle HPI is over. More supply on the way as a massive wave of BTLers tries to get out:

http://www.ft.com/cms/s/0/99bbb4b8-ecb3-11...?nclick_check=1

Rash of 'for sale' signs to greet tax change
By Sharlene Goff
Published: March 8 2008 02:00 | Last updated: March 8 2008 02:00
Estate agents are seeing
more rental property come up for sale
in spite of the weaker market, as amateur landlords prepare to take advantage of a favourable change in the tax regime due next month.

Carnage just arrived on the doorstep of our housing market.

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http://www.ft.com/cms/s/0/99bbb4b8-ecb3-11...?nclick_check=1
Rash of 'for sale' signs to greet tax change
By Sharlene Goff
Published: March 8 2008 02:00 | Last updated: March 8 2008 02:00
Estate agents are seeing
more rental property come up for sale
in spite of the weaker market, as amateur landlords prepare to take advantage of a
favourable change in the tax regime due next month
.

Carnage just arrived on the doorstep of our housing market.

Assuming, of course, that there is any gain to tax!

p-o-p

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but but but

The pent up demand?

The shortage of housing?

There is no more land?

Builders are cutting back on new builds?

The imigrants?

I don't understand how on earth can we have oversupply?????? :lol::lol::lol::lol:

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"Just 50,300 home loans were taken out by people moving during the month, the lowest level since the Council of Mortgage Lenders first began to collect data in this format in 2002."

Can someone tell me are these figures just for people 'moving'?

Are figures for first time buyers available ? and if so where can we get them?

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The really canny investors are holding off until their capital gains tax will be zero. :lol:

What about all those 'investors' who have no idea what capital gains tax is and no comprenension that they may have to pay some?

(I am sure there have been examples posted here in the past of some jumped up BTL tosspot, sorry 'investor' who did not know what CGT was)

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I live in central London (Kensington) and I can't tell you the number of friends who have told me in the last few weeks that they're selling up. All their neighbours have their places on the market, too. At least anecdotally I'm seeing the start of an unrestrained stampede. Of course it's waaaaay too late now and those who've had their place on the market for a while are slowly admiting that they've received very little interest in the last few months. I'm not surprised frankly. If anyone's interested in a 2-bedroom flat in Notting Hill I know of one about to hit the market for only £1.6 million. If that's out of your price range then I know of another 2-bed flat a little bit over towards Queensway for only £800,000 which the owners are keen to sell.

By the way, these flats were £500,000 and £180,000 respectively back in 1997. My, my it's a loooong way down from here :o .

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  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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