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Why does high unemployment strengthen the arguement to BTL ???? Surely i thought it would be the opposite.

FH

BTL and then rent to DSS claimants. I've been told it was surprisingly recession proof last time in the less posh parts of town. If people are on long term incapacity then rental income is pretty much a constant income and it could be much easier to collect money from the council than students or young professionals. I don't agree that it's right, but it does happen.

I wouldn't think the council would foot the bill for a nice flat near Ilford Road though! :blink:

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BTL and then rent to DSS claimants. I've been told it was surprisingly recession proof last time in the less posh parts of town. If people are on long term incapacity then rental income is pretty much a constant income and it could be much easier to collect money from the council than students or young professionals. I don't agree that it's right, but it does happen.

I wouldn't think the council would foot the bill for a nice flat near Ilford Road though! :blink:

Hello QuiteObserver, Where have you been? You had me worried, thought you'd gone off to purchase a House and crossed to the dark side, I for one have missed your valuable contributions to this forum! Welcome back!

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Hello QuiteObserver, Where have you been? You had me worried, thought you'd gone off to purchase a House and crossed to the dark side, I for one have missed your valuable contributions to this forum! Welcome back!

Thanks! Been really busy, but I've still found time to keep up with this forum.

Is it me or are more Sold SSTC signs popping up aroung Jesmond and Gosforth?

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Is it me or are more Sold SSTC signs popping up aroung Jesmond and Gosforth?

Yeah there are certainly more SOLD signs about, however most agents have REDUCED prices on their properties and I guess there are still plenty of muppets out there who think they are getting a bargain. The media pumping out the spin, plenty people that believe the next property boom is set to start again very soon! Market yet again being driven by fear people thinking best buy now before prices go even higher, I've been told by many friends and colleagues that there has never been a better time to buy my first property. Fortunately I don't believe them still waiting to hear a good argument from a bull!

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Yeah there are certainly more SOLD signs about, however most agents have REDUCED prices on their properties and I guess there are still plenty of muppets out there who think they are getting a bargain. The media pumping out the spin, plenty people that believe the next property boom is set to start again very soon! Market yet again being driven by fear people thinking best buy now before prices go even higher, I've been told by many friends and colleagues that there has never been a better time to buy my first property. Fortunately I don't believe them still waiting to hear a good argument from a bull!

Don't worry it's a dead cat bounce!

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Some SPIN from Sanderson and Young, what is really sad is that there are still plenty of fools out there who actually believe this crap! At the end of the day this is written by man who has a Diploma in Estate Management and is a member of some National Association of Estate Agents, woopydoo! I wish these people would wake up and take a look at the bigger picture, but I guess that would be asking too much of someone who has a vested interest!

Duncan concluded by saying:

‘I believe that many prudent purchases have taken advantage in 2005 to commit to a house sale and purchase, based on the knowledge that they are buying at the right time in the property circle, with a realistically priced property which can be funded by a competitive fixed rate mortgage and the knowledge that property values are likely to further increase in the future.’

DUNCAN G YOUNG Dip.Est.Man.FNAEA

Managing Director

SANDERSON YOUNG

duncan.young@sandersonyoung.co.uk

Read the article in full here

Edited by neilrich
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Someone taking a hit?

Baltic Quay flat on at 180k

http://www.rightmove.co.uk/viewdetails-903...a_n=22&tr_t=buy

But, apparently, was bought in 2004 for 200k.

http://www.houseprices.co.uk/e.php?q=194+BALTIC+QUAY&n=10

Or am I missing something? It's quite possible since I don't have a diploma in estate management. :blink:

SpoonUnit

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Someone taking a hit?

Baltic Quay flat on at 180k

http://www.rightmove.co.uk/viewdetails-903...a_n=22&tr_t=buy

But, apparently, was bought in 2004 for 200k.

http://www.houseprices.co.uk/e.php?q=194+BALTIC+QUAY&n=10

Or am I missing something? It's quite possible since I don't have a diploma in estate management. :blink:

SpoonUnit

Looks like you're right. But you can't be suprised.

At 180 grand for a 2 bed flat in Gateshead surely its still way overpriced.

I think these places have a long way to go - DOWN.

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Someone taking a hit?

Baltic Quay flat on at 180k

http://www.rightmove.co.uk/viewdetails-903...a_n=22&tr_t=buy

But, apparently, was bought in 2004 for 200k.

http://www.houseprices.co.uk/e.php?q=194+BALTIC+QUAY&n=10

Or am I missing something? It's quite possible since I don't have a diploma in estate management. :blink:

SpoonUnit

There is at least one apartment for Baltic Quay listed in this week's Pattinson Auction, in total this agent has seven of them listed For Sale. Check this one out at Baltic Quay - jumping and sinking ship springs to mind!

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There is at least one apartment for Baltic Quay listed in this week's Pattinson Auction, in total this agent has seven of them listed For Sale. Check this one out at Baltic Quay - jumping and sinking ship springs to mind!

Good find. I'm a bit ignorant about auctions. Does property tend to sell within the guide price range or does it shoot well above that?

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Good find. I'm a bit ignorant about auctions. Does property tend to sell within the guide price range or does it shoot well above that?

Looking at the past auctions on this thread they sell in guide price, or don't sell.

I would guess the reserve is the bottom guide price.

The interesting thing about the flat posted here is the spread in guide price is 50 grand.

Be interesting to see if it sells at the low end.

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Someone taking a hit?

Baltic Quay flat on at 180k

http://www.rightmove.co.uk/viewdetails-903...a_n=22&tr_t=buy

But, apparently, was bought in 2004 for 200k.

http://www.houseprices.co.uk/e.php?q=194+BALTIC+QUAY&n=10

Or am I missing something? It's quite possible since I don't have a diploma in estate management. :blink:

SpoonUnit

OUCH, thats gotta hurt, bought right at the top oct 2004, spent 5 k furnishing it, so lost £25, 000 already and someone is prepared to auction off a 6th floor 2 bed for 125, so who is realistically going to buy at £180000 on the 1st floor??

Can see another 10k coming off this soon ;)

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Well, it's that time of the month again. The wonderful world of Pattinson's Auction results.

88 properties made the auction:

Only 28 sold (13 of which were sub £80K)

1 was withdrawn

No move for the Bar 2 bedder at £130K, however the Baltic Quay one with £5k of furnishings went for £165K, hopefully setting a precedent on the way down.

http://www.pattinson.co.uk/Public/Modules/...aspx?auction=71

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Well, it's that time of the month again. The wonderful world of Pattinson's Auction results.

88 properties made the auction:

Only 28 sold (13 of which were sub £80K)

1 was withdrawn

No move for the Bar 2 bedder at £130K, however the Baltic Quay one with £5k of furnishings went for £165K, hopefully setting a precedent on the way down.

http://www.pattinson.co.uk/Public/Modules/...aspx?auction=71

Compare this to the same auction 12 months ago, 30 November 2004 where 95 properties were up for auction.

38 WITHDRAWN (You can make an offer for the property prior to auction. The vendor may wish to accept this and withdraw the property from the auction)

48 SOLD (Sold at the auction)

9 AVAILABLE (Failed to find a buyer)

Pattinson.co.uk Property Auction 30 November 2004 (That's last year!)

12 months ago 90% of the properties listed in the auction were SOLD, that compares to ONLY 33% TODAY!

Forget your estate agent SPIN, the above figures alone show the true MARKET SENTIMENT! :lol:

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  • 439 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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