September 2017 Archive

Friday, September 29, 2017

London in "Bubble Risk" territory

UBS: UBS Global Real Estate Bubble Index

Bubble risk seems greatest in Toronto, where it has increased significantly in the last year. Stockholm, Munich, Vancouver, Sydney, London and Hong Kong all remain in risk territory, with Amsterdam joining this group after being overvalued last year. Valuations are stretched in Paris, San Francisco, Los Angeles, Zurich, Frankfurt, Tokyo and Geneva as well. In contrast, property markets in Boston, Singapore, New York and Milan seem fairly valued, while Chicago remains undervalued, just as it was last year.

Posted by c @ 07:06 AM 0 Comments

Wednesday, September 27, 2017

Caution urged for 'pension pot' landlords

Letting Agent Today: Pensioners should 'think twice' before committing to property investment

Andrew Turner, chief executive at leading buy-to-let broker firm Commercial Trust Limied, has called for would-be ‘pension pot’ landlords to seek advice before committing pension funds to property.

Posted by andrew pelis @ 11:08 AM 0 Comments

Friday, September 22, 2017

Your home their land; you keep paying

Grauniad: New figures reveal scale of controversial leasehold homes

Title says it all. Activity seems to have died a death on this news blog... ironic given that HPC just may, possibly, now be underway...

Posted by nickb @ 10:01 AM 16 Comments

Wednesday, September 20, 2017

Clueless Carney

Torygraph: Mark Carney doubles down on likely interest rate rise in face of 'inflationary' Brexit

As pointed out in the comments, the inflationary overshoot Carney so eagerly ascribes to Brexit might just be because the BoE dropped interest rates on the news and applied additional monetary stimulus.

Posted by stillthinking @ 01:45 AM 1 Comments

Tuesday, September 19, 2017

What nonsense | HPC saw it coming

BBC News: The collapse of Northern Rock: Ten years on

The "experts" want to ABDI-cate all responsibility for being clueless. This very forum provided sound insight into the CDO crsisi over 10 years ago.

Posted by lvmreader @ 06:52 PM 1 Comments

Monday, September 18, 2017

AA launches new checklist for homebuyers

The AA: Homebuyer's Property Checklist

The AA have launched a new checklist for homebuyers, with the most useful questions to ask when buying a new home. From seeing how old the boiler is to inspecting for damp patches, it'll help house hunters avoid any hidden shocks found later.

Posted by a simonian @ 02:48 PM 0 Comments

Sunday, September 17, 2017

Its not Carney you should consider..

Torygraph: Is the Bank of England running out of rhetorical firepower on interest rates?

Carney has bluffed to get the market to anticipate rate hikes thereby tightening for him, and has done so many times successfully as the article explains. As the BoE are truthfully in charge of setting the rate then if the market doesn't tighten on his behalf and he is forced to raise, they are wrong-footed, and if they do tighten in anticipation then the BoE does nothing. Its like being a successful blackmailer. Where this cunning plan breaks down though is if inflation starts breaking out outside of the financial markets i.e. wage inflation. I have often wondered for all the CPI, RPI talk, the only thing they ever consider is wage inflation, because all of the data on wage inflation is to hand direct from inland revenue, and if wages aren't going up then neither are prices.

Posted by stillthinking @ 12:07 PM 0 Comments

Thursday, September 14, 2017

London house prices are falling

Reuters: London house prices record biggest fall since 2008: RICS

LONDON (Reuters) - House prices in central London fell at their sharpest pace since 2008 in August, intensifying the slowdown in the capital’s housing market, but prices went up in other regions of Britain, a survey showed on Thursday. The Royal Institution of Chartered Surveyors (RICS) said its monthly balance of overall British house prices picked up to +6 after dropping to a four-year low of +1 in July.

Posted by suresh786 @ 04:54 AM 0 Comments

Wednesday, September 13, 2017

Foxtons bashing

Moneyweek: What Britain’s best-loved estate agent can tell us about UK house prices

Estate agents’ fortunes can tell us a great deal about which way the housing market is going. Foxtons’ share price is in freefall.

Posted by frizzers @ 10:18 AM 0 Comments

Tuesday, September 12, 2017

Halifax trumpets below inflation price increase

Halifax: Annual house price growth pulls up to 2.6%

... on the back of tiny volumes (see the time chart of homes for sale) as signs of "buoyancy". The 0.1% Quarterly increase equates to an average £200 increase over 3 months. Do they really have such a precise survey or is this just noise? Not sure how this, especially the +1.1% MOM figure, squares with the current reports of widespread reductions in asking prices. Is it a case of high variance in survey data because of low transactions volume? Or are asking prices so loony that a reduction in them is consistent with an increase in sale prices?

Posted by nickb @ 10:50 AM 3 Comments

Tuesday, September 5, 2017

Is buy-to-let lending about to get tougher?

Every Investor: Is buy-to-let lending about to get tougher?

Andrew Turner, chief executive of Commercial Trust, reveals what is happening behind the scenes which could have an impact on buy-to-let. The future for buy-to-let mortgage landlord applicants could get a lot tougher in the coming weeks, as new Prudential Regulation Authority (PRA) rules around lending money come into effect.

Posted by andrew pelis @ 04:39 PM 1 Comments

Sunday, September 3, 2017

We can afford banks bailouts, HS2, F-35 and Restoring the Houses of Parliment but not social housing

Independent: Rogue private landlords given £2.5bn a year of public money, new analysis reveals

Billions of pounds of taxpayers' money is being given to rogue landlords who are renting out homes that don't meet basic health and safety standards, new analysis of Government data has revealed. Over the next five years, they will receive more than £12bn in housing benefits – enough money to have helped build more than half a million new homes.

Posted by quiet guy @ 10:37 AM 16 Comments

Friday, September 1, 2017

Decent reductions are beginning to spread

Evening Standard: House prices in London hit by Brexit slump as third of homes see fall in value

More than a third of homes for sale in London have had their asking prices slashed as the suburbs bear the brunt of a post-Brexit property crunch

Posted by strandomranger @ 11:56 AM 0 Comments

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