Thursday, Jun 25, 2015

Luxury homes led the demand, now lead the fall?

Telegraph: 'Colossal' fall in demand for luxury homes in parts of London, data reveals

The demand for homes fell in many pockets of the capital in the last two months, but picked up across the country.

Posted by hpwatcher @ 01:24 PM (5273 views)
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5 Comments

1. hpwatcher said...

That one is for those on here that are [happy] supporters of the UK ponzi scheme.

Thursday, June 25, 2015 01:25PM Report Comment
 

2. reticent said...

"The quarterly study measures the ratio between the number of homes listed for sale versus the number sold using the major property search websites Rightmove and Zoopla."

"There was an initial surge in sales completed in the immediate aftermath of the election, but the central London property market has now reverted to its longer-term trend of price adjustment."

Interesting.

Thursday, June 25, 2015 03:42PM Report Comment
 

3. cheesypeas said...

Thanks hpwatcher, however this 'indicator' raises more questions than it answers. Furthermore there is no price measure here, so her conclusion is speculative. Anna White has a reputation for 1+1=11.

Thursday, June 25, 2015 04:17PM Report Comment
 

4. icarus said...

Did this slip her mind? -

'Tax rates (on foreigners investing in UK property) will broadly mirror those for UK residents, with individuals and trusts taxed at up to 28%, and companies at 20% (previously zero%). Tax will be levied only on the part of the gain arising after 6 April 2015'

http://els-law.co.uk/2015/01/on-the-6th-of-april-things-will-change-for-foreign-buyers/

Friday, June 26, 2015 10:22AM Report Comment
 

5. icarus said...

If that link doesn't work the article title 'on-the-6th..........'.should get you there..

Friday, June 26, 2015 10:35AM Report Comment
 

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