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)
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9 thoughts on “Confidential: Buy-to-let purchased two-thirds of the 5,500 new houses and flats sold in London…

  • 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.

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  • This is MEW?

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  • 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

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  • Banks have no real funds to speak of. Neither for BTL or for borrower-occupiers.

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  • The pound collapse continues, the value of flats collapses too; roll-up and double your losses. No end to the intelligence of international “investors”.

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  • 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.

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  • 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.

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  • What is this ‘winging’ you speak of? A new term to me.

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  • 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

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