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[cautious7] 11/5/2016 19:17

More are saying what I'm saying
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BREAKING

[cautious7] 17/4/2016 17:58

It's coming
This is why our son is holding fire on purchase.





DYOR

[cautious7] 20/3/2016 12:42

The media is now moving towards my predictions ie a pice decrease in property prices as landlords, second home buyers beat the extra tax deadline. New budget proposals want those with more than 10 properties to pay the extra tax now.

The new tax will negatively impact prices.
If/when we sell our retal property/s we won't bother buying another because of new taxes and government interference and more expected.

The real crash in property will come when rates rise as in london I think the average newer borrowings are in excess of 300k and 2% on a 25 yr mortage will break thousands.

ATB, DYOR consult a specialist before action.

[cautious7] 19/3/2016 14:09

Breaking:

From express.co.uk
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We are hoping to buy another proeprty withing the nex few weeks as prices head south and then hold out for a few years for a good profit, heopfully

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Surveyors expect a drop in property sales from next month when an extra three per cent tax on landlords and second home buyers takes effect.

The Royal Institution of Chartered Surveyors (Rics) sent out a warning the tax changes were to have a major impact.

Rics chief economist, Simon Rubinsohn, said: "It is inevitable that over the coming months, April's stamp duty changes will take a little of the heat out of the investor market."

The survey showed house prices across the country broadly increased in February, with buyers rushing to beat the end of March deadline to complete.

But in London values failed to rise, and for the first time in a year more surveyors now think house price will drop in the capital over the coming three months.

At an average £530,409 prices in the capital are almost three times the national average of £191,812.

Rics' report said: "Anecdotal evidence suggests tax changes, concerns over Brexit and global economic uncertainty are all taking their toll on buyer sentiment..............

fulll atricle in the express.co.uk

[cautious7] 14/3/2016 17:08

Looking at property prices today, looks like they are coming off the boil

[cautious7] 13/3/2016 16:53

Hi

'How Zero interest rates could actually raise mortages."

See below full articel
Many thanks

C&
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11 MARCH 2016 • 9:30AM
Until late last year the expectation was that the next move by the Bank of England would be to push the Bank Rate up.

But sentiment has swung so far that now the market expects, if anything, the rate to fall.

At 0.5pc (where it's been since early 2009) there is not much room for reduction, so there are growing talks of Bank Rate dropping towards zero.

Bank of England officials have insisted there is no suggestion that our Bank Rate could drop below zero, but that is what has happened in other countries - and it remains a possibility here.

Predictions on rates, markets and more: get our weekly newsletter
Negative rates are already in place in Switzerland, Sweden and Japan. And on Thursday the ECB cut its main Eurozone rate from 0.05pc to 0pc.

So far the spiralling economic confidence has resulted in household mortgage rates falling for borrowers in Britain.

This fall has been hastened by increased competition between banks to capture business.

The graph, below, shows the dramatic plunge in two-year fixed



DYOR

[cautious7] 13/3/2016 16:46

From the BBC - A much respected news source:
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The pace of house price rises will slow when tax changes "take the heat out" of interest from investors, surveyors suggest.
The Royal Institution of Chartered Surveyors (Rics) predicted that the UK housing market will slow down over the next three months.
In April, landlords and second home owners face a 3% stamp duty surcharge on new purchases.
This would slow price rises, Rics said, but only in the short-term.
Surveyors still expect house prices to rise by 25% over the next five years.
'Surge'
"Over the past three months, we have witnessed a surge in buy-to-let activity," said Simon Rubinsohn, Rics chief economist.
"Investors have rushed to purchase homes before the stamp duty surcharge comes into effect. It is inevitable that over the coming months, April's stamp duty changes will take a little of the heat out of the investor market.
"While there remain significant doubts as to whether the government's plans to encourage a more robust development and construction pipeline will be sufficient to address the housing crisis, long-term price indications for the housing market remain strong."
East Anglia saw the most widespread house price rises in February, Rics suggested.
Other surveys have suggested a pick-up in activity by landlords ahead of the stamp duty rises, but there is some disagreement among commentators over what effect this is having on the UK housing market as a whole.