Foxtons Share Discussion Threads

[chiragmahe] 31/1/2017 10:18

ONJohn good point, but doesnt lower prices mean it makes it more attactive to buyers which might improve sales?

[topazfrenzy] 31/1/2017 09:59

ONJohn I dare you to short it and see yourself lose YOUR house lol

This is when the clever money starts buying, these figures posted are old news, the market knows about the slowdown. London is not expensive for an international market and once Article 50 is triggered I believe the money will start flowing in again, ESPECIALLY from the Eurozone as that's the one that is looking doomed.

It happened in 2009 and it'll happen again, where only London (and the prime South East) are seen as stable and a store of wealth.

[onjohn] 31/1/2017 09:47

PCL’s more luxury areas, where prices average above £2m, on the other hand, typically suffered price falls. Chelsea was worst affected with price falls of -12.2% and a 28.5% fall in transactions.


If you previously had £100m turnover apply price falls of 12.2% and it leaves £87.8m and then apply the 28.5% fall in transactions and it gets to £62m

Thats scary as the cost base of those offices is so very high

They are gonna start laying off people , close offices and those minis are gonna have to go back


Could go bust i believe

[opodio] 31/1/2017 09:41

No, this will slump further, the global commodity rout has killer off all the dodgy funds previously being pumped into prime London, prices are now just starting to correct at least 40% to come off this asset bubble. If you think of some commodity stocks, some are down 90% that's more of a bottom than buying over priced prime London asset bubble.

All those lossmaking new offices i hear

Long way to slide yet

[onjohn] 31/1/2017 09:39

New Land Reg Analysis for PCL: Transactions down 21%, prices up 4.5%.
Chelsea fares worst: prices fall 12.2%, sales 28.5%
Prime Central London (PCL) sales across the Royal Borough of Kensington and Chelsea and the City of Westminster, were down 21% to December compared with last year, according to London Central Portfolio’s (LCP) analysis of Land Registry and Lonres data
Over the same period, average sold prices increased 1.3% according to Lonres and 4.5%, according to LCP’s analysis of Land Registry’s most recent Price Paid data (to October 2016)
The Price Paid Data also demonstrates that the Inner Prime Central postcodes (below), have performed better than PCL as a whole, with transactions falling an average of 9%.
Prices in these areas increased 1.6%.
This suppressed price growth appears to be related to the new build sector. With new builds excluded, prices increased, on average, 5.0%.
According to the research, the lower value, up-and-coming areas saw the most robust levels of price growth, with Marylebone, Fitzrovia and Soho showing the highest increase at 19.7%
PCL’s more luxury areas, where prices average above £2m, on the other hand, typically suffered price falls. Chelsea was worst affected with price falls of -12.2% and a 28.5% fall in transactions.

[ny boy] 30/1/2017 16:42

This one has been a bid target for a little while now, especially with an share price sub 100p and a very cheap £...a chance that may not come around again for a foreign predator.

[topazfrenzy] 30/1/2017 16:34

London property always does the opposite of all the others, like gold, so it will go up or hold its value in times of crisis as it is one of the very few safe havens.

[opodio] 30/1/2017 16:30

The party for all global asset bubbles is over, London property is next, even though it did top out last year, takes time to really kick in, this year will see significant falls in central London.

[opodio] 30/1/2017 16:30

Tightening the screws in the US, same thing has started in London, time to drive out the dirty money, stolen from overseas Countries. That will speed up the collapse, crooks can't find anymore crooks to sell too!

[ny boy] 30/1/2017 16:28

Bottom is in, forward thinking buyers, just became too cheap. Plenty of upside if you have patience, say 6-12months+ I've been buying for longer term rewards, no debt this one, is one attraction.

[topazfrenzy] 30/1/2017 16:23

Could easily double bag if a bid is coming

[dros1] 30/1/2017 15:48

looks to me a takeover bid

[chiragmahe] 30/1/2017 12:11

why is this rising?

Wots new?

[chiragmahe] 27/1/2017 08:33

hxxp://shorttracker.co.uk/company/GB00BCKFY513/all

shorts increased to 4.03%%

[ny boy] 25/1/2017 11:22

Not a whole 3.94% 😱

[chiragmahe] 24/1/2017 16:11

hxxp://shorttracker.co.uk/company/GB00BCKFY513/all

shorts increased to 3.94%

[ny boy] 24/1/2017 13:20

Buyers will return once article 50 has been triggered,markets like certainty. This will help the share price move off the lows. Imho

[ny boy] 23/1/2017 13:55

Different chancellor Jock, has wiggle room to blame on Osborne. I wouldn't rule out some tweaks. We will find out on 8 March and I will watch for clues in the share price over the next month.

[jockthescot] 20/1/2017 15:14

I work in the industry NY boy and believe me when I say SDLT changed are simply not going to happen. Perhaps abolishing the 3% surcharge for PRS landlords rather than BTL landlords, but there is no chance they're going to change what is perceived as a fair tax on the "haves" to be spent on the "have nots".

The economics of the decision don't matter - it's always going to lose more votes than it gains.

[ny boy] 20/1/2017 15:08

Mostly in the price now, I think you will see fresh buying before 08 March Budget, rumours of SDLT changes being muted, early days but I don't see a lot more downside, no debt is still an attraction, I don't see any institutional investors bailing out either.

[topazfrenzy] 20/1/2017 13:50

Everyone knows that London is not the place to invest for rental yield, so I don't see the point of this last post, regarding the North East.

When the Chinese, Malaysians, Indians, Greeks etc buy in London it is not for rental income primarily but for security, to also get their money out of China etc. They buy for capital protection (and eventual gain).

[aishah] 20/1/2017 13:14

Buy-to-let landlords buying up property in the North East as central London rental market shows signs of 'topping out'

Proportion of landlords in the North East looking to buy more homes doubled
Only 5% of landlords operating in central homes look to add to their portfolio

By Jane Denton For Thisismoney

Published: 14:03 GMT, 19 January 2017 | Updated: 15:10 GMT, 19 January 2017

Buy-to-let landlords are snapping up more properties in the North East to take advantage of high annual yields, findings suggest.

The proportion of existing landlords in the North East looking to buy more homes in the region over the next three months has doubled to 19 per cent since last year, the National Landlords Association said.

Meanwhile, just 5 per cent of landlords who operate in central London said they plan to buy more properties in the next quarter, the lowest across all regions and down from 15 per cent this time last year.
Heading North East: Buy-to-let landlords are turning to the North East in a bid to increase their annual yields

The central London rental market is starting to show signs of 'topping out', with tenant demand sliding and landlords looking for higher yielding investments elsewhere in the country, the NLA said.

The number of landlords in central London reporting a rise in tenant demand has dropped from 45 per cent to 17 per cent in a year.

Read more:

[jockthescot] 20/1/2017 13:02

I can see an overseas investor investing in the underlying real estate NYboy, but not Foxtons sadly, which IMO, has further to fall.

I agree there will be a recovery, but I don't see this happening in 2017 unless there is a significant fall in London HPI which will swiftly be followed by an increase, both of which will increase transactional activity rather than the current, steady sideways/downwards focus.

Jock