Foxtons Share Discussion Threads

[ny boy] 13/8/2015 16:58

The property collapse starts at the top end, it's already started, just takes time to develop into a full blown crash.

Short these anywhere up to 285P, low should be 150p

[mike740] 13/8/2015 16:47

Yoo tulip show me what hasnt gone up today.

Your only kidding yourself with this false username.

[mike740] 13/8/2015 11:59

Crashing again, 200p first up.

[jeremyjezza] 12/8/2015 17:04

Mickey,did you get a ticket for the Oval.

Lets meet up for that drink.Bring the spreadsheet for your winning 120k trades
from a week or 2 back.
Look forward to seeing you.

[doodlebug4] 12/8/2015 16:46

Mikey has raised his target price on TERN today from 2p to 6p ! What went wrong there Mikey, you said TERN was going back down to 2p earlier this year?!

[mike740] 12/8/2015 16:32

TULIP up above, make sure you have a cork when hes around.

[jeremyjezza] 12/8/2015 16:25

Just in case you missed me on the GRG thread.

Good day fellow salad dodgers.Sitting in the park munching a lovely Greggs sausage roll.

As an aside mickey,how is it that you only post when diku is with you.A bit
stupid really going to that bother.We all know its you.

Did a check on duki.You/He/her posted a lot on the BWNG thread but not since it went down.You only sing when your winning then as they say.

Stockchallenge?Someone asked why you didn't enter it with your vast amount of knowledge.But you have this month,twice but not under tricky mickey.And both names are in the red.Amusing but its only a game.

[mike740] 12/8/2015 12:59

oh indeed.

I think the first one will be November.

[ny boy] 12/8/2015 12:40

London never really got a proper correction, like New York etc, a healthy 20-30% off the top end could start to lure buyers back in but not before (depending on how long the downturn last for), no one needs to buy the top of a cycle.

I have been offered prime stuff 20% off but it's way over priced to start with, some vendors need a reality check above £2M in some case up to 50% is required due to ridiculous over pricing. Developers found it easy to jack up prices to unsophisticated foreign buyers buy many are a bit more savvy. Developers are struggling to dump property to overseas buyers, they have been to virtually every country on the planet that they could seduce and have now run out of buyers, prices are still insane.

If there s going to be a crash it will be over the next 6-12 months and leave property in the doldrums for 5 years +

When interest rates are normalized the fun begins.

[mike740] 12/8/2015 12:37

No sign of the chuckle brothers today, I wonder why.

[mike740] 12/8/2015 12:36

oh oh this is desperate times for the longs.

[dlku] 12/8/2015 12:31

The property market in Prime Central London is fragmenting, according to Land Registry data just released for Q2 2015 and analysed by London Central Portfolio (LCP). Taxes which target the upper end of the market – such as increased Stamp Duty above £1.125m and the Annual Tax for Enveloped Dwellings, now extending to properties over £1m – have left their mark. This has resulted in a painful quarter for the ‘Houses’ sector, with prices falling 12% this quarter,

[mike740] 12/8/2015 12:05

Yep just looking.

[mike740] 12/8/2015 10:48

ohhhh indeed indeed.

The writing is on the wall here, tulip and Bumboy6 are in for one hell of a shock.

[ny boy] 12/8/2015 10:45

First target 205p


Final slump to 140-150p over the next 6-12 months bottom will be a pile of rusted green minis and boarded up surplus to requirements shops.

[mike740] 12/8/2015 10:16

DOOZEY GIDDEON

Camilla Dell, Managing Partner of Black Brick, says, “The policy has also backfired on its own terms, reducing the tax-take to the Treasury – research firm LonRes calculates that Stamp Duty paid for prime London sales is down 6.4% since the reform was introduced compared with the same period last year. This illustrates what the Conservative party has traditionally argued: if you increase rates of tax, you depress the market and end up with less revenue.”

[mike740] 12/8/2015 10:15

Prime London property prices ‘to fall 20% in 12 months’

AUGUST 10TH, 2015 ADRIAN BISHOP NEWS, UK + IRELAND

Prime London property prices could fall by 20% within the next 12 months, a leading buying agency predicts.

Independent agency, Black Brick, says changes to the Stamp Duty Land Tax (SDLT) have increased competition in the sub-£1 million section of the property market at the expense of the higher end of the market.

The change in buying patterns can be seen in the substantial fall of more than £2million in the value of the average Black Brick London property deal.

Camilla Dell, Managing Partner of Black Brick, says, “The policy has also backfired on its own terms, reducing the tax-take to the Treasury – research firm LonRes calculates that Stamp Duty paid for prime London sales is down 6.4% since the reform was introduced compared with the same period last year. This illustrates what the Conservative party has traditionally argued: if you increase rates of tax, you depress the market and end up with less revenue.”

“We are increasingly of the view that it will now take a major market correction – of perhaps 20% – to bring the Prime Central London market back to life, and we believe that correction is likely to take place over the next six to 12 months. All it will take is a vendor or two to accept an offer at a substantially lower price-per-square-foot, and that will ripple through the market.”

The SDLT increase at the upper end of the market is pushing buyers into the sub-£1 million bracket, undermining the Chancellor’s goal of helping buyers at the lower end of the market, she says.

“Prior to the reforms, someone with £2million to invest would have likely bought a single property. Now, a £2million property would carry stamp duty of £153,750, while two £1million properties would be taxed at £43,750 each – encouraging our £2million buy-to-let investor to buy two £1million properties and ‘save’ £66,250 in Stamp Duty.

“Our own data suggests that investors are targeting the lower end – in January to July last year, our average deal value was £3.54million. In the same period this year, that average has fallen to £1.5million.”

[mike740] 12/8/2015 10:11

Tanking lads, tanking.

[elcapital] 11/8/2015 17:52

www.opp.today/prime-london-property-prices-to-fall-20-in-12-months/

[doodlebug4] 11/8/2015 14:49

Day traders taking their profits this afternoon. Try joining the dots together.

[ny boy] 11/8/2015 14:42

Going down anyone, rusty green minis ground floor