Berkeley Share Discussion Threads

[r ball] 22/7/2015 20:58

Last hurrah September?

[rcturner2] 10/7/2015 07:49

I think quite a few countries do not allow foreign buyers of housing unless the buyer actually lives in the property. I think that is pretty good idea.

[dr_smith] 09/7/2015 16:39

Yes, RCTurner2 - I expect it is top end only, but with ripple effect on prices lower down. My concern is more ethical than financial re Russian funds.
On more wordwide legitimate sales view, i am aware of an increasing amount of overseas investment in housing/buy to let.
Personally, I would like to see UK nationals housing buying capacity to be protected from overseas inflationary factors, even though I believe in a free economy.
Housing is not something the majority have freedom of choice over.
If you live/work have relatives in XYZ UK county, then that is where you life is destined.
It is the same question as say Devon/Cornish locals versus rich Londoners, but now context is UK/Rest of World.

[rcturner2] 09/7/2015 15:00

Is it not the case though that is only at the very top end of the market, houses at several millions or more? Most regulation housebuilders are not selling in this way?

[dr_smith] 09/7/2015 14:53

It amazes me how the big institutions are collectively saying, via the SP, Property sector' is in for big problems following budget, then hours later reversing their decision.(Yesterday afternoon versus this morning).

It makes us PI's look good ;-)

Co-incidentally I caught the end of a TV doc last night showing the unchallenged ease with which dodgy Russian money can enter the London property market.
The also said that outflows of Russian money from Russia (possibly via Cyprus) could be matched to inflows in to the London/UK property sector.
The conjecture versus actuality was hard to pin down, but where there is smoke...
The conclusion was that London property is a massive money laundering pot.

Gulp. That means me (and you) profit from dodgy dealings!
OK, indirectly, but food for thought.

[redips2] 09/7/2015 10:11

Anyhow the gap has now closed, that is except for the lower gap which may be a break way.... happy to hold .

[dr_smith] 08/7/2015 16:45

R Ball - Banks????!!!!
I worked in banking (NatWest)for 23 years and relied on a number of governing strategies - including BOE to avoid crazy happenings. I was wrong and lost decades worth of shares in lieu of cash - what was to be my pension fund.
The mental scar remains and dodgy goings on in City is as prolific as ever.
Aside from, that Banks could be amongst Greece creditors - directly or indirectly.

[essentialinvestor] 08/7/2015 16:40

Depends if you are trading or holding long term for income.

Back on my watch list.

[rcturner2] 08/7/2015 16:33

RCTurner2 19 Jun'15 - 16:01 - 1179 of 1199 0 0 edit

Decided to take profits today, good luck all who remain. Happy with the run from £25 in short order. Taken a gamble elsewhere (CDI).

R Ball 20 Jun'15 - 16:30 - 1180 of 1199 1 0

No reason to sell.

[r ball] 08/7/2015 16:15

me too. don't forget that BKG has been underperforming the sector. could be time to switch into leisure and banks.

[dr_smith] 08/7/2015 16:10

I agree R Ball.
I'm down loads today due to property sector, but not too bothered as it's an interim blip and wasn't planning to sell any time soon.
I'd use it as a buying opportunity but already (happily) over-committed to property sector and wish to keep some balance - though as you suggest, alternative low risk options are thin on the ground.

[r ball] 08/7/2015 15:40

no impact on QED - another london developer.

[barnesian] 08/7/2015 15:37

I agree. It's an over reaction.

[chinese investor] 08/7/2015 12:53

Chancellor is being hard on Non Doms !

[dr_smith] 01/7/2015 12:56

Call it a Greek tragedy.
With institutions selling then buying back on FTSE don't be too hard on yourself.

[philo124] 01/7/2015 12:09

My mistake to sell.

[dr_smith] 30/6/2015 12:01

IMV any co sells products for cost plus profit margin.
This sector sells stuff for cost plus profit margin plus cap gain from project start.
Typical reports on property sector are for prices to gain at greater or lesser rate (not lower). Even if annual cap gain is lower, 'off the boil' it is still a cap gain and a bonus to normal mark up.
Few other sectors can offer that, though you could say same about gold/oil but they have many other risks....IMO

[philo124] 30/6/2015 10:49

Yes, it was tough call to sell even with a 50% profit and I did think about it for quite a while.
fwiw I have been told that London property is coming off the boil.

[barnesian] 30/6/2015 09:53

Dr Smith --My reasoning too. BKG is holding up reasonably well compared with the market as whole. And there is another nice dividend coming up.

[dr_smith] 30/6/2015 09:25

BKG is on high with Grexit casting shadow, so asked myself 'should I sell whilst peaking' a few days ago.
-Housing sector not to my knowledge directly affected by Grexit possibility - conversely, there could even be Greek property owners (inc non-Greeks) selling up and buying London based property, but don't hold your breath!
-If sell and wish to re-invest,few other options outside housing sector with same forward visibility and low risk.
-If hoping to buy back on dip, the chance is less than 50% as EPS is still proportionate and justifying the higher share price
-Switching carries a 1%+ cost, so personally I'm 'sticking'
All IMO for my medium/long term strategy.

[philo124] 30/6/2015 08:50

Sold out for now.

[r ball] 22/6/2015 21:34

Might take a closer look. Apart from bkg my portfolio is treading water. Could be time to realise a loss somewhere and invest in something better. Thanks for the info and all the best.