April 2018 Archive

Monday, April 30, 2018

Top 10 Finance Ltd says New Approach to Planning Could Help Solve UK Housing Shortage

Top 10 Finance Ltd.: New Approach to Planning Could Help Solve UK Housing Shortage, Say Experts at Top 10 Finance Ltd.

New Approach to Planning Could Help Solve UK Housing Shortage, Say Experts at Top 10 Finance Ltd. Smaller property developers face continued planning issues One of the UK’s leading brokers for small-to-medium-sized property developers have reported a spike in finance applications, despite otherwise slowing house prices. Top 10 Finance Ltd. have experience handling projects from £300k-£5m, and with over 12,000 developers comparing loans with the company, they understand the challenges that these developers can face, better than most.

Posted by emily @ 04:11 PM 0 Comments

Friday, April 27, 2018

Landowners queueing up to tuck into Amazon's wealth creation

NY Times: What Amazon’s New Headquarters Could Mean for Rents

"Winning the contest could mean a steeper increase in local housing costs over the next decade, a study finds. Nashville is already contemplating the impact." At least the residents of these various US towns will get some of the land value uplift via higher property tax receipts - tens or even hundreds of thousands of dollars a year on the very best digs. Compare and contrast to Big Tech over here where the billions of pounds pouring in have gone almost entirely untouched into mortgages and rents...

Posted by mombers @ 01:17 PM 0 Comments

Thursday, April 26, 2018

Borrowing costs

Lombardi: Bond Market inflection point

Borrowing costs look as though they are rising. The USA has fixed rate mortgages over 30 year periods, UK has variable rate mortgages so should that be the case then some UK borrowers presumably will be asked to remortgage at unaffordable levels. For the UK though it seems like the original 2007/8 BoE choices have never gone away.

Posted by stillthinking @ 07:17 AM 0 Comments

Thursday, April 19, 2018

Will a Mexican stand off stand or deliver ?

Evening Standard: London house prices fall for first time since 2009 recession

Nick Leeming, chairman of agents Jackson-Stops, said London vendors and buyers had been engaged in a stand off last year but now “sellers are becoming fed up with waiting and are instead having to compromise on price to make a sale”.

Posted by techieman @ 01:06 AM 7 Comments

Wednesday, April 18, 2018

Couple buy house !

Daily Mail: Couple buy home 235K age 23

Its finally news worthy

Posted by materialistic weasle @ 11:56 AM 0 Comments

The Power of Rising House Prices

Capital and Conflict: The Second Coming of Sub-Prime

...Once the markets realise this, they’ll react very badly to any signs of housing price drops in Australia. And those signs just hit the news reels, with the major cities seeing house prices drop. The world is about to discover who has been swimming naked in the Australian housing market. And it could unleash panic that goes global.

Posted by cornishman @ 11:21 AM 3 Comments

Monday, April 16, 2018

@£125 a square foot!

Moneyweek (and FT): Prefab houses off the production line

Average UK home of a (embarrassing) 993.5 sq feet is therefore going to be under £125k. What justification is there for anyone to have to pay many, many times that when a plot of agricultural land can be acquired for a few grand? What would at least make things a little more competitive is if the land seller and builder were decoupled. So Mr Rentier could provide standard sized plots for sale for £lots and then the buyer could choose from a panel of say 5 manufacturers. Then Mr local government could say to Mr Rentier that'll be £ to provide all the infrastructure that the value of your plot is derived from.

Posted by mombers @ 03:30 PM 3 Comments

2K per worker

Torygraph: Bank of England warned lenders end of £127bn cheap funding scheme posed 'systemic risk'

Lloyds, RBS, Nationwide and VirginMoney have borrowed around 60bn under the BoE Funding for Lending (a scheme to lower the costs of capital). There are about 30 million workers in the UK, so this is about 2K across each and every worker. Scheme is closing so this is more effective tightening which again, like mandatory saving auto enrollment bypasses interest rates.

Posted by stillthinking @ 07:53 AM 1 Comments

Thursday, April 12, 2018

Rate rise doubts as property demand falls, says RICS

BBC News: News article

Buyers keeping away from the market has nothing to do with Interest rates. High house prices and not interest rates are keeping potential buyers away from the market.

Posted by magnifico @ 09:11 AM 6 Comments

Tuesday, April 10, 2018

Deflation from housing

Zerohedge: Beware mother of all deflations

USA opinion piece with UK as case study. Until 1982 mortgages were supplied by building societies. Building societies were -not- granted the same privilege to create credit/money so finance availability was limited. After 1982 the banks, capable of creating loans ex nihilo got into the market, valuations became circular on lending, and the only limit to price increases was(is) how much debt can be sustained leading to 2008, debts can't grow, process goes into reverse ->massive government intervention.

Posted by stillthinking @ 09:33 AM 1 Comments

Friday, April 6, 2018

Bank of England must tread softly to stop housing slowdown turning into a crash

Evening Standard: Bank of England must tread softly to stop housing slowdown turning into a crash

The biggest slowdown has been in the capital, which could have repercussions for the rest of the UK as price moves tend to percolate out of the city. What happens in London doesn’t stay in London.

Posted by becky @ 12:03 PM 6 Comments

The times ... they are a changing

Inside Property Imvesting: New HMO Rules 2018 – It’s Official!

Another hassle for LLS to conclude is it worth it....or nuffin to see here ? http://www.insidepropertyinvesting.com/new-hmo-rules-licensing-2018-official/ (in case the link err doesn't ).

Posted by techieman @ 08:25 AM 0 Comments

Monday, April 2, 2018

Effectively interest rate rises

CityAM: Banks leave £13bn in cheap money from Term Funding Scheme on the table

The point has been made often enough that the BoE can influence credit expansion through different ways than just interest rates. So " end of the scheme is expected to prompt a rise in borrowing costs" and elsewhere reported by the FT (subscription only i don*t have one but headline is enough), that UK banks are selling asset backed securities (mortgage backed etc) at the fastest rate in years. But there can't be any buyer willing to accept practically zero return as the BoE has done.

Posted by stillthinking @ 04:09 PM 0 Comments

Professor Steve Keen suggests a solution to the housing crisis

EcoCognito: The housing crisis - there’s nothing we can do… or is there? By Professor Steve Keen

The demand side of the housing market has one main factor: new mortgages created by the banks... this means house prices - and the resulting housing crises - are driven by mortgage lending. So how should our politicians and policymakers respond? Professor Steve Keen suggests a solution.

Posted by lr @ 03:44 PM 0 Comments

Sunday, April 1, 2018

The biggest washest machine in the world?

Independent: UK housing crisis: Influx of foreign cash boosted average property prices by a quarter, research finds

Billions of pounds flowing into the UK property market through foreign companies has pumped up house price growth by more than a quarter, according to new research ... London Mayor Sadiq Khan commissioned research into the effect of foreign money on the housing market. It found that overseas buyers snapped up 3,600 of London’s 28,000 newly built homes between 2016 and 2016. Half of those were supposedly priced for first-time buyers at between £200,000 and £500,000.

Posted by quiet guy @ 05:26 PM 0 Comments

Main Blog | Archive | Add Article | Blog Policies