Foxtons Share Discussion Threads

[dual313] 22/7/2015 09:09

Moving here.. update next week i belive..

[doodlebug4] 21/7/2015 18:32

Indeed indeed, he is a total moron.

[brahmsnliszt] 21/7/2015 18:18

mike740 - 20 Jul 2015 - 04:31 - 590 of 595 - 0ohh indeed indeed. Just think a move from 0.5% to 0.75% is a 50% increase in mortgage payments and this is what folk on the breadline will face.Foodbank openings will treble, probably more.Oh dear. An increase from 0.5 to 0.75 pct will NOT see a 50 pct increase in mortgage payments.What a total moron this twit is.

[mike740] 21/7/2015 17:04

I think itl happen a lot earlier than thay NY Boy.

[ny boy] 21/7/2015 11:58

Happy for it to go up to 300p so I can enter shorts ahead of the central London downturn 2016/18 too much supply, not enough buyers, massive over supply due next year onwards.


In London, average house prices are being weighed down by the prime end of the market. A strong pound which makes London property less affordable for foreign buyers and December’s decision to increase stamp duty on properties valued above £1.1m are both deterring some prospective buyers.”

[joemillion] 21/7/2015 11:29

Nice steady increase going on here and a lot of derampers trying to push the price down. Must be time to top up!

[ny boy] 21/7/2015 09:37

If there is a hike in interest rates and a subsequent rise in mortgage rates, this will, I fear, not assist the residential property market that above £1.6m is struggling to “gain its composure” whilst being weighted down by the millstone of excessive Stamp Duty.

Writing on the wall this autumn, increasing stock, much fewer foreigner buyers, stamp duty kills the market over £1.6M


Trevor AbrahmsohnI am sorry to say that Mr. Carney has got it wrong before, a few years ago, particularly in relation to unemployment and the level at which this would trigger a rise in interest rates. Thank goodness no one listened to him at the time. Someone should tell him that these “fatuous pontifications”; do not help with his credibility.

The residential market up to £500k is doing nicely thank you since the coalition government gave it a fillip when they re-modelled the Stamp Duty calculation method from the clumsy “slab-likeR21; previous version in the Autumn Statement of 2014.

There are fewer international buyers since the reforms of Non-Doms and, therefore, I am weary of the purpose of these changes and the loss of revenue to the Exchequer that a slower property market represents.

Personally, I don’t see any need for an interest rate change in the short to medium term, since economic growth is already slowing and, as we are in a consumer led recovery, the health of the property market is an important stimulus. We do not want to put this at risk.

[ny boy] 20/7/2015 09:38

Just short these up near 300p Foxtons prime market is in decline, deals are taking much longer and more supply is due to hit the market from now onwards. Commissions will be hammered, wait until the next set of results!

Latest from rightmove....



Some of the capital’s most expensive residential areas saw house prices drop sharply this month, according to data released today, with high demand supporting the lower end of the market.

In Kensington and Chelsea, London’s most expensive borough to buy in, prices dropped 7.2 per cent from June to July, according to Rightmove.

[mike740] 20/7/2015 04:31

ohh indeed indeed. Just think a move from 0.5% to 0.75% is a 50% increase in mortgage payments and this is what folk on the breadline will face.

Foodbank openings will treble, probably more.

Then theres the working wage employers have to find!!!!!!!!!! certainly a combination of sacked employees especially them on Zero hours and Zombie self employed posts and costs passed onto customers in the form of increased prices.

Little wonder Carneys getting set to raise interest rates.

This country is f------d when the downturn comes. Total carnage and a lot of folk dont see that.

[dlku] 19/7/2015 09:15

bank of england says raise rates

[mike740] 19/7/2015 03:30

Excellent NY Boy.

[ny boy] 18/7/2015 21:35

House price rises are the biggest risk to the British economy the Bank of England governor Mark Carney warns in an interview with Sky's Dermot Murnaghan.

[ny boy] 17/7/2015 23:32

Short this every time it get near to 300p, sales are grinding to a halt, commissions are evaporating, watch the autumn when we start getting close to the start of the interest rate cycle. Days of easy money are over folks, thousands of unsold properties across prime central London, with a load more stock hitting the markets this autumn. Iceberg ahead!

[mike740] 17/7/2015 14:44

Homebuyers can wave goodbye to mortgages at just 0.99%. Savers can say hello to better rates for the first time in seven years. Investors will wobble as bond funds dive. But it is estate agents who have most to fear.

[doodlebug4] 16/7/2015 21:08

Hedgies look very,very silly here - almost as a silly as you Mikey.

[ny boy] 16/7/2015 19:28

Here's a good article from the BOE's underground blog, carnage ahead in the housing market once rate rises kick in! The days of cheap money are over.

[mike740] 16/7/2015 16:54

The longs have had a lucky day, it wont last.

Even Carney is talking about interest rate rises now and inflation is nil.

Obviously he doesnt want deflation to take hold, so my bet is an interest rate rise in August.

Wont do FOXT anygood.

These hedgies arent silly.

[dual313] 16/7/2015 02:44

Singaporeans buying 20% stake in Galliard Homes.Wonder if Foxtons would ever be subject of a takeover :)

[ny boy] 15/7/2015 21:20

Prime central London market is completely dead, agents are saying it's been really dead for a long time, just no buyers, Russians have packed up shop, no money to spend due to oil price collapse, same with Nigerians and Chinese are pulling out, mainly as many have lost heavily in the equity markets.

I was offered a house in Knightsbridge was for £6M can buy £4.5M, plenty of deals around for cash.

Biggest bubble is SW8 riverside, another 140+ apartments hit the market within the last 24hrs. This is getting serious now, the autumn will be the big market test, when everyone back from holidays too.