Foxtons Share Discussion Threads

[dt1010] 22/11/2017 14:36

I did tell you all ! 100p target here for this short term.

Property prices will moves up in the sub £500k bracket too to fill the stamp duty gap...watch it happen!

Higher prices = higher revenues.

[topazfrenzy] 22/11/2017 14:34

Great summary blueteam!

[she-ra] 22/11/2017 14:34

I completely disagree. When a market slumps it loses its attraction. But that's not Foxtons main problem. Like DT has said they are stuck with expensive offices where as the online only competitors aren't and can undercut and will continue to take business from old style estate agents.

[topazfrenzy] 22/11/2017 14:33

Anyway she-ra, I hope you bought Foxtons earlier lol

[topazfrenzy] 22/11/2017 14:28

she-ra, I am not missing the point, I know those people, they feel SAFE with their money in the UK! And in property it is more guaranteed, unlike in banks. Some have sold and some will sell but this is only the beginning of huge Asian wealth to flow into the UK, Australia, Canada (since gone funny) and USA.

And after Brexit you will find much more Asian and African money coming here. Don't read the numpty headlines of doom mongers, money goes where it needs to and London housing is seen as one of the safest on the planet.

[blueteam] 22/11/2017 14:26

Great review by city analytic re- london- 'massive boost for the city as up to £500,000 first time buyers in London area get the first 300,000 mark as no stamp duty, landlords not targeted and building in the city extended to open up land that is blocked to be built. Empty house targeted in London for compulsory re procession or to be forced into selling or rental by local council'

All a massive boost for foxtons. looks like the 90p mark to be tested again.

[she-ra] 22/11/2017 14:21

topazfrenzy - I think you are missing the point. They're not emotionally attached to the UK. They're here for capital growth. That stops, they put them up for sale.

[topazfrenzy] 22/11/2017 14:19

she-ra you are behind with this headline, we knew about this two years ago, but those people would rather have the money here sitting idly than back home, it's called capital preservation outside dodgy jurisdictions.

[she-ra] 22/11/2017 14:19

topazfrenzy - They're on a bit of a high p/e

[topazfrenzy] 22/11/2017 14:17

People have to realise is that first time buyers also kick start the middle market after that so it is definitely positive, the headlines are all about that now, should see the property shares motor strongly over the next few months at the very least.

Foxtons shares are so cheap that I would not be surprised to see them double from here by March.

[she-ra] 22/11/2017 14:14

Its when those Chinese/Hong Kong property speculators start to head for the door is when things will really get easy for first time buyers.

They buy brand new flats, don't even rent them out and hold them like shares. The only difference being is they are very illiquid. When the all of them try and sell that will be a big problem. And I am genuinely worried as it could bring down our economy.

[nortic 007] 22/11/2017 14:13

Good day for us and a shocker for you know who.

[topazfrenzy] 22/11/2017 14:12

Here she goes! I hope you all topped up earlier!

[she-ra] 22/11/2017 13:52

The problem will be exacerbated when all these Asia and Russian property investors head for the door.

[chinese investor] 22/11/2017 13:50

Thanks Phil !

[dt1010] 22/11/2017 13:50

Am not in the habit of responding to people who call me scum.

They should get lost.

Filtered.

[topazfrenzy] 22/11/2017 13:48

Watch this and CWD shoot up towards close and over coming days and weeks.

[she-ra] 22/11/2017 13:42

DT1010 - Problem is we are likely to have a major housing market slump brought on because of Brexit and the economy. Plus we have the rise of the online agents.

[dt1010] 22/11/2017 13:37

For 1st time buyers up to £300,000 stamp duty has been ABOLISHED FROM TODAY !!

It will also be available on the first £300,000 up to £500,000 in more expensive areas. Ie you;d only pay stamp duty on £200,000 as a first time buyer.

That's a significant saving.

Of course watch the cheaper homes go up in value, such are market dynamics...!


And just watch this go vertical.

DOUBLE BOTTOM ON THE CHART.

TARGET 100p

[dt1010] 22/11/2017 13:04

Now now she-ra. No need to show your green eye. I have the luxury of flexibility.

The word irrational doesn't begin to describe you.

[she-ra] 22/11/2017 12:08

DT1010 - the word scum doesn't begin to describe you.

[chinese investor] 22/11/2017 11:57

Looking Good !

[dt1010] 22/11/2017 11:56

NY Boy, I can't see it now personally hence my £50k buy in.

I see a run to 80p+ in the first instance off the back of positive news regarding SDLT today.

I think first time buyers will get a "holiday" from it, and hopefully maybe downsizers will not have to pay it either, to free up family homes being lived in by old mom and pops.

Exciting place to be now FOXT.

Get to 80p and breach it with volume and you have a cup and handle move to 100p.

[nortic 007] 22/11/2017 11:14

Good luck chaps. I'm with you all the way.

[ny boy] 22/11/2017 11:00

Should have a good move higher if SDLT proposed changed are liked by the market place.

49p sounds ridiculous