Saturday, November 21, 2009
Confidential: Buy-to-let purchased two-thirds of the 5,500 new houses and flats sold in London…
London buy-to-let property 'attracting overseas investors
Some rare stats for the London market: Some two-thirds of the 5,500 new houses and flats sold in London during the first three quarters of 2009 were purchased as buy-to-let properties, according to property research group MoliorLondon. So the banks have funds for the buy to let but not enough funds for credit worthy families who need a home in London.
Posted by mander @ 01:32 PM (1361 views)
9 thoughts on “Confidential: Buy-to-let purchased two-thirds of the 5,500 new houses and flats sold in London…”
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tpbeta says:
That means that if house prices start dropping or interest rates go up or the currency strengthens (which could all happen at the same time) there’s going to be a rush for the door.
rumble says:
This is MEW?
tpbeta says:
Sounlds like itinerant folk from ‘strong currency land’ who can’t find a better working home for their capital. Lots of rumours of empty upmarket properties in London. I reckon a good chunk of these guys will bail when the moment seems right.
e.g. http://www.guardian.co.uk/business/2009/nov/14/tax-empty-homes-tuc
Non Frog says:
Banks have no real funds to speak of. Neither for BTL or for borrower-occupiers.
mken says:
The pound collapse continues, the value of flats collapses too; roll-up and double your losses. No end to the intelligence of international “investors”.
down wave says:
The only thing to consider at this time is not all of this and other types type of hype and spin, but the
unemployment levels, redundancies, bankruptcies, etc, etc. All on the increase.
The dumb media and this blog site is being corrupted by covert manipulators set on destroying
truth and antagonizing its regular posters, see: a 3 minute video: http://www.whalemedical.com/videos/-3.wmv
As a result they are attempting to destroy its credibility, which they have achieved.
It now almost unreadable due to winging.
To solve all of our world’s problems we need more heros, see 2 minute video: http://www.whalemedical.com/videos/+5.wmv
All of you get steadfast and display fortitude and I include myself as being a winger at times.
Alfie says:
Its good to see that its not only Britain that has people with more money than brains. Lets be fair London is no longer British, so you may aswell let them all have it.
After 17 years in Australia and now living in Spain, I find it harder everyday to think about moving back. Britain will forever be paying debt, what ever happened to the Great in Britain.
tpbeta says:
What is this ‘winging’ you speak of? A new term to me.
down wave says:
Sorry Missed the ‘H’
——————————————————————————–
whinge [wɪndʒ] Informal
vb whinges, whingeing, whinged (intr)
1. to cry in a fretful way
2. to complain
n
a complaint
[from a Northern variant of Old English hwinsian to whine; related to Old High German winsan, winisan, whence Middle High German winsen]
whingeing n & adj
whinger n
Collins English Dictionary – Complete and Unabridged 6th Edition 2003. © William Collins Sons & Co. Ltd 1979, 1986 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003
ThesaurusLegend: Synonyms Related Words Antonyms
whinge (Informal)
verb
complain, moan, grumble, grouse, gripe (informal), beef (slang), carp, bleat, grizzle (informal, chiefly Brit.), grouch (informal), bellyache (slang), kvetch (U.S. slang) people who whinge about their alleged misfortunes
noun
complaint, moan, grumble, whine, grouse, gripe (informal), grouch, beef (slang) It must be depressing having to listen to everyone’s whinges.
Collins Thesaurus of the English Language – Complete and Unabridged 2nd Edition. 2002 © HarperCollins Publishers 1995, 2002