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[ny boy] 09/9/2015 06:52

London’s housing market is “a bubble unlike any other bubble because it’s being driven by international capital, whereas previously London property bubbles were driven by mortgage lending,” said Peter Rees, a professor at University College London and former City of London planning officer. “I have no idea how this bubble is going to end.”

[dual313] 04/9/2015 14:19

Resiliant here..

[ny boy] 02/9/2015 23:00

The prime central London property market has been one of the hottest investments of the past five years, but now there are signs that buyer interest is melting away.

Land Registry figures show that prime central London house prices fell a hefty 11.9% in the second quarter of this year, compared to the first three months.

Transactions in prime central London fell 28% to 5,174 for the year, the lowest figure since 2009.

Capital Crunch
This isn’t isn’t the only data pointing towards trouble. New figures from property firm LSL show London sales in June down 13% year-on-year, with prime hotspots once again the worst afflicted. In the most expensive boroughs of Kensington and Chelsea and Westminster, year-on-year sales are down 33% and 31% respectively.

The slowdown isn’t confined to crazy runaway prime central London. Price growth is slowing across the capital, up a feeble 1.8% over the last year, LSL says. Out of 10 regions in England and Wales, only the North and Wales are growing at a slower pace.

End Of The Foreign Affair
Few ordinary Londoners will be surprised by this. Most were priced out of the market long ago. Those lucky enough to get on the capital’s housing ladder before prices went stratospheric are wondering whether to pocket their profits and seek peace in Birmingham.

London has been hit disproportionately hard by Chancellor George Osborne’s new stamp duty regime, which hiked transaction costs on more expensive properties. The rise of sterling against the euro and other currencies has also deterred foreign buyers, many of whom are now seeking cheaper safe havens for their dodgy money. The ruble collapse has hit Russian buying power.

Even the Conservative general election victory in May, which sunk the proposed mansion tax, has failed to turn sentiment around.

[mike740] 02/9/2015 15:49

Not here they arent.

[richard xii] 02/9/2015 15:37

The only thing Chinese people are investing in now is houses.

[mike740] 01/9/2015 14:03

No Chinese purchasing houses anymore.

[ny boy] 01/9/2015 10:00

Central London market is just too expensive, apartment stock is increasing rapidly in a falling market and buyers have disappeared at the top end. The unwinding of the bubble will take 12-36 months approx, after that who knows but by then there will be a glut of unsold apartments unless the prices have dropped 35-50% to entice buyers back.

[someuwin] 28/8/2015 11:21

"The number of homes being sold in England and Wales has fallen significantly, according to figures from the Land Registry.

In May this year, there were 65,619 transactions in total, a 15% fall on the same month in 2014.

However, prices in some property hotspots are still rising by up to 13% a year, due to lack of supply.

The number of homes being sold for more than a million pounds dropped dramatically - down by 21%..."

[dlku] 26/8/2015 16:38

mortgage changes for BTlers will kill it as they need bigger deposites to cover the tax which lenders will ask for

[mike740] 26/8/2015 14:50

House purchase lending in London still below 2014 levels in July, CML says
Wed, 26 August 2015
Article viewed 17 times

hxxp://www.sharecast.com/news/house-purchase-lending-in-london-still-below-2014-levels-in-july-cml-says/23221088.html

[dan158] 26/8/2015 12:18

Simon Cawkwell (aka as Evil Knievil) comments on Foxtons (FOXT) Spread Betting Mag August Edition page 87

[mike740] 25/8/2015 15:29

falling again.

[mike740] 25/8/2015 15:16

ohh indeed indeed.

Forgive me for asking NY Boy, do you work or did work in the property business, you certainly know and have a wealth of knowledge on the sector.

[ny boy] 25/8/2015 15:12

Property market takes a while to react, the sell off in PCL has started and dill gather momentum over the next 6-18 months.

[mike740] 25/8/2015 14:26

Hedge Fund adding to its short position.........


Fund manager % short Change Date changed/created
AKO Capital LLP for AKO Master Fund Limited 1.72% ↑ 0.06% 2015-08-18
Total 1.72%

[mike740] 25/8/2015 09:13

Dead cat bounce, dont be fooled.

[mike740] 24/8/2015 16:50

WOW Tulip, just over £182,000 net on the day. (not just here)

Cant wait for tomorrow.

[mike740] 24/8/2015 16:28

SP goes crashing through support, could easily be sub 200p tomorrow.....

[doodlebug4] 24/8/2015 14:20

Strange why you keep posting on my GDB thread then if you can't read my replies.
I said that while you were jumping up and down like an excited chimp on various threads because the prices were going down, all your latest 'tips' were getting hammered.

[mike740] 24/8/2015 14:14

Im raking it in TULIP, cant see what your saying numpty, you are filtered, remember.

[doodlebug4] 24/8/2015 13:35

MAB - getting hammered
INCH - getting hammered
PTEC - getting hammered

Mikey is jumping up and down like an excited chimp on this thread when all his latest 'tips' are tanking.

[mike740] 24/8/2015 13:00

Lower, lower, lower.