Saturday, Nov 25, 2006

million pound houses increase by 32% in a year?

Firstrung: Portman believe property millionaires increased by 32% in a year

Has the amount of property worth in excess of 1 million increased by 32% in the last 12 months? According to the Portman yes, according to the definitive data from Land Registry no...The Portman must improve their level of research if they are not to be immediately dismissed as simple 'spin merchants'

Posted by converted lurker @ 07:48 PM (442 views)
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1. japanese uncle said...

If significant portion of these 'housing riches' try to cash in, that will trigger house price crash. It is really like a castle of cotton candy in the sky. Only small of number of property investors with enough maneuvability can capitalize on the property boom. For the vast majority of houseowners who live in their own houses, property boom is nothing more than, and nothing short of skyrocketing council tax bills, inheritance tax bills, on top of the mounting debt generated by silly ''equity release". Severely high price just for a feeling-good illusion, is it not?

Sunday, November 26, 2006 12:07AM Report Comment
 

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