May 2018 Archive

Sunday, May 27, 2018

But will it be a crash

BBC: Housing market continues to cool

The pace of growth for UK house prices has continued to slow, while property in London had the weakest growth since 2009, official figures showed.

Posted by peter_2008 @ 09:58 AM 0 Comments

Thursday, May 24, 2018

Glut of expensive London newbuilds

Bloomberg: Unsold London Homes Climb to High

Land registry records show recent London new build sales are very low. There is another Bloomberg article highlighting the fact that banks won’t lend to new build developers.

Posted by stephen ferrari @ 03:51 PM 0 Comments

Gold and house prices

Moneyweek: Gold looks a better bet than UK property

Some interesting charts

Posted by frizzers @ 08:10 AM 6 Comments

Wednesday, May 23, 2018

London housing boom is over.

Bloomberg: London’s Long Housing Boom Is Over. Is a Bust Coming?

“The party is over for the London housing market and the hangover is just beginning,” said Neal Hudson, founder of research firm Residential Analysts. “Lower demand due to Brexit or interest-rate rises could put further pressure on some home-owners and investors to sell.”

Posted by attila @ 09:18 AM 0 Comments

Thursday, May 17, 2018

Henry'''s latest analy6

Henry P: Sell in May and go away

Highgate prices fall 10% in 3 years. Hmmm

Posted by techieman @ 09:52 AM 6 Comments

Wednesday, May 16, 2018

Red warning signs aplenty

Dailymail: Surge in down valuations

This is how it started in the nineties!...it spirals as lenders and surveyors put self protection above everything else

Posted by taffee @ 09:59 AM 5 Comments

Friday, May 11, 2018

Remember Foxtons?

Telegraph: The property market is about to be swept up in a whirlwind

Huge payment for two property companies and uSwitch. I remember similar blow off pricing for Foxtons before the crash, decade ago though it was... https://www.theguardian.com/business/2007/may/21/privateequity

Posted by stillthinking @ 08:25 PM 0 Comments

Tuesday, May 8, 2018

House prices see biggest monthly fall since 2010, Halifax says

BBC Business News: House prices see biggest monthly fall since 2010, Halifax says

Halifax said prices fell by 3.1% between March and April. Few good battles on HYS between the haves and have-nots.

Posted by magnifico @ 07:06 PM 16 Comments

Sunday, May 6, 2018

Housing benefit

Guardian: As the interest-only mortgage crisis hits, here’s how you can avoid the heartache

If interest only mortgages without repayment plans are so widespread, then the government is going to end up with a -huge- housing benefit bill for all the oldies. Its hard to see them carefully marshalling any valuation gains if to do so only stops them getting benefits.

Posted by stillthinking @ 07:55 AM 0 Comments

Friday, May 4, 2018

Given current prices it isn't surprising

BBC: People much less likely to move home than in the 1970s

People are less likely to move than in the 1970s. Given the distance between rungs in "the housing ladder" I'm not at all surprised. As a linked video says 'It costs so much to move and the houses aren't there'.

Posted by tenyearstogetmymoneyback @ 07:45 AM 3 Comments

Wednesday, May 2, 2018

Same story as millions of renters?

Daily Mail / This is Money: Interest-only mortgage crisis: Retired couple Len and Val never missed a mortgage payment - but now they face losing their home

"For three years, the couple tried to negotiate with the bank, arguing that they were still able to pay the £770-a-month mortgage bill from their £1,300 joint income and £200 of mortgage interest support from the Government." FFS, private renters have to move the whole time without reason. Council tenants get their housing benefit cut if they have a spare room even if there's nowhere with the prescribed number of rooms available. Why on earth should people in poverty stump up cash for this couple to keep their home? At least Support for Mortgage Interest is a loan now instead of a handout, but it is at a very low interest rate and is junior to the bank's lien so the taxpayer could lose the lot. Big moral hazard.

Posted by mombers @ 03:33 PM 12 Comments

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