Ymaheru
"if government don’t provide grants for existing housing stock upgrades, the boost for PSN will be even bigger."
New builds command a premium, can be 20-30%. That could easily be £60k-80k to a landlord's purchase price. It's a huge increase in investment.
There was a favourable environment for buy to let but not now. |
@kreature, you know the policy might be £30k grants to get the upgrade work done?
If it is, then more landlords will hold old stock; if not, PSN gets a boost as more landlords buy new (like the US corps have been doing in recent years).
So, there’s a boost from EPC measures likely for builders, but if government don’t provide grants for existing housing stock upgrades, the boost for PSN will be even bigger. |
Well I’m definitely selling….what is the point of holding old rental stock just to get shafted with an EPC C upgrade and 45% capital gains, and potentially a pile of dust ? |
Sikhthetech,
You are simply a fraud who is a clueless mug-punter and whom lost it's shirt from October 2018 when it called TW. short, lol!
Tell me, when is your each and every year's house price crash going to happen for the last six years, lol, just lol!
You are not credible. |
Yeah, you’d stated 43%.
small landlords are selling houses in big numbers over the last three years mainly due to tax changes, and some mid-sized landlords are selling due to higher interest rates affecting affordability. Neither are new factors.
Overall, encouraging article. The market is moving again, so seems like the worst is behind us. |
Sikhthetech,
You are simply a fraud who is a clueless mug-punter and whom lost it's shirt from October 2018 when it called TW. short, lol!
Tell me, when is your each and every year's house price crash going to happen for the last six years, lol, just lol!
You are not credible. |
 Ymaheru,
Yes 32% of all homes, 41% of most common, 2 bed, second homes. I had corrected on TW thread but not here. Now done.
Zoopla has over 1m homes listed, so that's around 300k-400k 2nd homes coming onto the market.
1/3rd of all homes being sold being 2nd homes means lower demand by small landlords. They were the one of the main reasons for the surging housing market. It increases supply which gives potential homebuyers more choice. Given new builds command significant premium and there's affordability problems, more buyers are likely to go for the 2nd homes.
It's only the beginning and could lead to a surge of landlords selling.
sikhthetech - 07 Jul 2022 - 16:22:15 - 2901 of 3086 PERSIMMON PLC
I wouldn't buy any HB at the moment...
Affordability issues still mounting up with energy cap set to rise to around £3000 pa in Oct, inflationary pressures pushing up interest rates.
House prices slowing which happens before a crash..
As with my previous prediction for previous housing crash, I'm expecting house prices to fall around 40%, peak to trough. Not all areas/streets will see the big drops... Asking prices fall the greatest. New builds usually command a premium and that would be reduced significantly during a crash.
Watch the supply increase and the demand decrease...
;-) |
Not 43% chain-free; just 32%.
It is positive for PSN that market is improving, so cheers for posting.
Like you allude, it’d be even nicer if landlords weren’t dumping properties, but I can’t see Labour addressing that. Fingers crossed tho. |
Sikhthetech,
You are simply a fraud who is a clueless mug-punter and whom lost it's shirt from October 2018 when it called TW. short, lol!
Tell me, when is your each and every year's house price crash going to happen for the last six years, lol, just lol!
You are not credible. |
As expected,
A massive 32% of homes listed on Zoopla are chain free, suggesting landlords dumping their 2nd homes, increasing supply.
20% of homes currently listed were also listed within the last 2 years, so sellers trying again to ditch homes.
20% of homes listed have been for more than 6months, shows houses are not being snapped up as quickly as some suggest.
Lower offers suggesting lower single digit price growth. Housing market remains uncertain.
Affordability still a problem.
There's a lot of 2nd homes coming onto the market, so why buy new build?
Time To Sell Up? Housing market stronger now than last year
"Landlords considering quitting the sector will be buoyed by Zoopla’s statement today that current mortgage rates – the lowest for 15 months – are supporting a rebound in sales activity across the UK. "
"The number of homes for sale continues to grow as greater confidence amongst sellers sees more homes listed for sale – this includes homeowners looking to move as mortgage rates fall but also investors and second home owners selling in response to recent and possible tax changes.
A third (32%) of homes for sale on the site are currently ‘chain free’ as investors and second home owners look to sell homes amidst recent tax changes and speculation around further tax changes in the upcoming October Budget. The most common ‘chain free’ homes are 2 bed houses with 41% currently listed as chain free on Zoopla. Previously rented homes account for 13% of homes for sale on Zoopla. "
"Affordability continues to be a constraint on house price growth, especially in southern England."
"The portal says greater choice for home buyers is expected to keep house price growth in check in the months ahead. Most new listings are home-owners looking to sell and buy another home. However, not all homes are ‘brand’ new to the market. A fifth of homes currently for sale were previously on the market at some stage in the last two years. "
"While market conditions are improving, setting the right price is important to attract buyers. The same applies to the fifth of homes for sale that have been on the market for more than six months, still unsold." |
Building up for another attack at 1700p. It wasn't that long ago I was saying the same for 1500p. Good momentum |
I would bid this up past200p - directors buying at this level and analyst upgrades to boot |
No buy to let cuts at theMortgageWorks tho |
Sikhthetech,
You are simply a fraud who is a clueless mug-punter and whom lost it's shirt from October 2018 when it called TW. short, lol!
Tell me, when is your each and every year's house price crash going to happen for the last six years, lol, just lol!
You are not credible. |
Desperation in the mortgage market....
Nationwide offering 6x salary...what a way to huge increases in personal debt.
The cheap deals are for those with 60% ltv
Nationwide launches best two-year mortgage rate as competition hots up
"Nationwide has also upped its help for first-time buyers, now lending up to six times income for those with deposits of as little as 5 per cent." |
Jefferies raises Persimmon price target to 2,029 (1,969) pence - 'buy' |
There you go, as expected talk of tax rises spook consumer confidence, brings affordability to the forefront. Tax rises in budget will negate any decreases in interest rates.
'Painful' Budget warning spooks people's confidence
A long-running measure of how consumers feel about their finances and the economy has fallen sharply, raising concerns that the government's warning that the Budget will be "painful" has shaken people's confidence.
GfK's Consumer Confidence Barometer has tumbled further into negative territory since the end of August.
The index had been recovering after the years of the Covid pandemic, rising prices and higher interest rates had dented the outlook for many.
GfK said the latest measure did not provide "encouraging news" for the UK's new government, while some economists have linked the drop to Labour's downbeat rhetoric about the Budget. |
Persimmon paying ALL their staff their second bonus of the year in this months pay. Things picking up across the industry one would think. |
So Persimmon were not able to secure the purchase of Cala homes from Legal and General. Not sure if that was a good thing or not.
Looks like lgen get 500million straight away and 650 million over the next 5 years.
Was it poor negotiation that let this escape from Persimmon as I am sure that £650m
spread interest free over 5 years could have been accommodated. |
BoE interest rate meeting tomorrow |
the inverted shs here was triggered on a break of 15 quid and has an extension of around 6 quid, thats takes you up to around 21 quid. the break took place in july and we had a monthly test of this break in august so we dont necessarily need to revisit this support. |
"Kreature - 10 Nov 2023 - 08:25:58 - 4893 of 5676
Well I'm shorting the lot PSN, BWY, RDW"
Lol, just lol! |
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