Foxtons Share Discussion Threads

[ny boy] 06/11/2015 14:14

Interest rates will have to rise quickly now in the US,after the very strong jobs date, the FED and other Central banks are behind the curve, BOE said nonsense yesterday just to suck in shoppers over the festive season, saying everything is Rosy, go out and spend!

[dt1010] 06/11/2015 06:56

There's only so many times its worth saying the same thing NY! But thanks for posting those links, they say it all for London prime.

"In the five to years to January 2014, the ‘normal’ number of properties on the market would be between 250 and 500, with a mean average somewhere around the 300 to 350 mark. This month we’re just shy of 2,000. That’s some rise."

[ny boy] 06/11/2015 00:29

The easy money was made a long time ago.

[ny boy] 06/11/2015 00:07

Oh dear that old pile of ugly toxic bricks on the south side of the Thames, certainly sucked in a pile of Asian gamblers who are now left holding a rather hot potato, no sane person wants..collapse!

[dt1010] 05/11/2015 19:44

London prime is correcting, no doubt about that.
Buyer numbers are down 30% year on year, its a very tough market - and about time.

Foxtons is a dinosaur and it doesn't yet know it.

[ny boy] 05/11/2015 09:59

The Foxtons kids don't even know what a property slump is, all of them have been programmed to say the market will always go up, Dutch Tulips anyone ? 😂

[dt1010] 05/11/2015 09:44

Hate Foxtons anyway. Bunch of 21 year old ex public school drop out trainees lol

[ny boy] 05/11/2015 09:25

May the Lordie be with you

[dlku] 05/11/2015 09:12

AISHAH 4 Nov'15 - 09:29 - 1021 of 1027 2 1

So many got sucked in here by following dreamer enthusiasts! CWD poor statement today. Dyor.





Amen

[ny boy] 04/11/2015 20:16

Telbap, I knew this from uhnw clients who cashed in late last year, it's been a play on the global markets but the game is over for central London property.

The market was used just to park monies, (some legit, the rest highly questionable!)whilst the market was rising, now it's collapsing, it was a huge ridiculous bubble and had to end, this is just the early stages of a severe correction in this asset class, all other asset classes have or are experiencing the same kind of thing, especially now zero rates are coming to an end, the door is slammed shut and those in it that have over paid, will lose.

[opodio] 04/11/2015 17:43

CWD today - Despite generally encouraging economic conditions, the anticipated post-election recovery in residential transactions failed to materialise in any significant way.

CWD plunged and so did FOXT

chart saying will retest 145

[telbap] 04/11/2015 17:36

Ny boy, - don't normally agree with you, but on this I have say I think you are right.

[ny boy] 04/11/2015 11:20

Property bubble is massive in Central London, loads of foreigners who got duped and over paid are trying to get out, thousands of prime property up for sale, no one this time will touch it in a falling market PCL should correct 50-70% as the bubble is immense.

[elcapital] 04/11/2015 09:31

Cant see this stfinding a bottom any time soon. two quid was my initial target but im looking for 15O-16O now.

[aishah] 04/11/2015 09:29

So many got sucked in here by following dreamer enthusiasts! CWD poor statement today. Dyor.

[ny boy] 04/11/2015 08:59

Way too expensive these. Prime London is correcting big time, buyers have fled the scene. Same thing is happening globally, many over priced prime Cities but London is a complete basket case on its own.

Sub 150p coming soon, should bottom out around 88p

[ny boy] 03/11/2015 14:26

oh dear, really getting hammered now
30% fewer buyers in PCL, as price growth drops to six-year low

[market sniper1] 30/10/2015 17:05

This is nuts. When’s the crash?
David Keohane Author alerts
| Oct 29 11:43


Part of the THIS IS NUTS. WHEN'S THE CRASH? SERIES
Congratulations London, your housing market is indeed the most nuts.

UBS wealth management have you right at the top:

[ny boy] 30/10/2015 10:28

Oh..we're in a bubble, London is the most expensive real estate in the World, says UBS


Property prices in London and other global financial centres “are now, in many cases, fundamentally unjustified,” says UBS. “The risk of a real estate bubble in these cities has risen sharply.”

The “majority of world cities are significantly over-valued” – and London is the main offender – warns the banking giant in a new report called The UBS Global Real Estate Bubble Index.

Don't say the big players, that exited the market last year, aren't giving out enough warnings, try and sell these over priced assets in a falling market, it could be brutal.

[pineapple1] 29/10/2015 14:07

But did Japan have 350,000 new arrivals each and every year on its shores which must be housed at someones expense.

[dt1010] 29/10/2015 13:40

Wouldn't worry about rates.

The nation is so bankrupted by debt that even increasing them slightly will destroy what tiny growth there is.

The BOE know this. The house price asset bubble is orchestrated to make people feel wealthy so they spend more.

Any risk of a house price burst and they will simply print money.

Talk of a housing bust goes on and on and has done since 2010. With the Tories at the helm, restricted building and historically low rates, property will remain the asset of choice for long term gains.

The naysayers are those unfortunate enough not to own property so are desperate to see it crash.

Alas, whenever it does it fast bounces back.

[ny boy] 29/10/2015 10:00

Huge asset bubble..London property, it will burst, the process is underway, the trouble is many are trying to get out, incl. lots of foreigners who over paid anyway, so little chance they will not see substantive losses or lose deposits as they pull out of off plan sales, particularly in already ridiculously over priced stock in Vauxhall/Battersea, a disaster waiting to happen there.

Here's an interesting take...


Much like London today, the physical supply shortage argument was also advanced to justify Japan’s boom. Japan’s industrious and high-saving population was shoehorned into narrow coastal plains – only 14% of the country was flat and suitable for building. Investors duly pushed average prices of condominiums in the nine square kilometres around central Tokyo to 16 times average gross incomes. Compare this to the 13 times using conservative estimates for London today and Tokyo-on-Thames seems a plausible scenario.

So, if expectations are too buoyant, what will cause them to normalise? Even though price rises in prime London property have moderated this year, there are multiple catalysts to suggest that 2015 is the turning point. The most significant are: impending higher interest rates, tighter macroprudential policies and a deepening politicisation of the housing issue. Again, all that needs to happen is for investors to think price outcomes are asymmetric, with low upside and large downside.

Take interest rates first. Just under half of the UK’s £1.3tn mortgage debt is on variable rates and most of the remaining is effectively variable anyway given the fixed rate period typically lasts only two years. London residential mortgage debt amounts to a quarter of the country’s total.

Given British households’ penchant for making huge interest rate bets, borrowers have enjoyed the post-2008 falling interest rate environment but things could get ugly when rates rise. Moreover, over a third of those with mortgages have interest-only loans, with the first sizeable wave of principal repayments due in 2017-2018. With affordability already stretched, a few rate rises can easily reshape consumption decisions for housing and the broader economy.

[dt1010] 28/10/2015 22:12

They are short no doubting.

[aishah] 28/10/2015 21:35

Citigroup reiterate SELL today.