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Ethiopia
Heard a brief article on the news about Ethiopia yesterday. Talked about the huge investment from China and how Addis Ababa is being seen increasingly as the capital city of Africa.... have my doubts on that one as Abbis is tiny compared to some African capitals, still... A huge skyscraper newly built (investment by the…
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Land Registery Average House Prices Calculation?
Would someone be able to explain, in simple terms, how the Land Registery calculates the figures it shows for the average house prices it lists for areas shown in its monthly report? Is the calculation any different to other average house prices shown for the same locations on other property sites (which also state they…
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World economy just as vulnerable to crisis as it was in 2007
According to the head of the BIS. Infact, in may ways, the world economy is even more fragile now due to the increase in debt ratios. http://www.telegraph.co.uk/finance/markets/10965052/Bank-for-International-Settlements-fears-fresh-Lehman-crisis-from-worldwide-debt-surge.html
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100,000 use Help to Buy schemes
Help to Buy reaches an important milestone. More than 100,000 happy homeowners thanks to HTB. :beer: http://www.expressandstar.com/business/city-news/2015/06/18/100000-use-help-to-buy-schemes/ For those who still think HTB contributes to HPI: And increased supply also. Good news.
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Greek referendum
Whats your money on?
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UK population up by 500,000
Commentators are currently questioning how this is sustainable in regards of our transport system, housing, healthcare, schools etc. The main driver was net migration, adding 260,000 to the population last year. Natural growth added 226,000. Last year we were told that migration was not the key driver in the growth of the…
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London has developed 'Apartheid' style properties
This programme reminded me of Apartheid, where the poor are segregated from the rich in the same building! :eek: http://www.tvguide.co.uk/detail/2159876/109024533/the-great-british-property-divide-channel-4-dispatches#.VYkmXflViko http://www.channel4.com/programmes/dispatches/
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Is the price of house in small towns still declining?
As I checked the price of house (2 bed terraced) in North East, there is a general pattern. In big cities: the price was significantly increasing since 1995 to 2008. After the global crisis, the price was declining. However, from 2011-12, it is rising again. In small towns (villages): the same pattern until 2011, but…
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the only counrty in the world whose cosumption of Champagne went up last year??
that's right... Greece. Stop this humilating austerity NOW!!
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Fear of a HPC
Another thread has reminded me of a view I posted on that HPC website almost a decade ago. What I said to them was something along the lines of….. Were I a renter and if HPC was my main concern I would have done that 10 years ago....and would be some quarter of a million pounds better off (London). Were I a renter today…
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Renters pushed to breaking point as Britain's selfish homeowners gloat their hands
Average monthly rent in London hits £1500. Fifteen. Hundred. Pounds. http://www.theguardian.com/money/2015/jun/15/london-rents-homelet-survey-housing-crisis This is now approaching 100% of take home salary for people on an average salary. How on earth are people meant to live? This is combined with Britain having the most…
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HPC rogue post: Why dont you just buy...
I really love this one: http://www.housepricecrash.co.uk/forum/index.php?/topic/205195-why-dont-you-just-buy/ They are going apoplectic with rage over there at someone who could have the temerity to challenge the group think. The mods have moved it from the main forum to "Anecdotals", but still the vitriole rages. Very…
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Falling Oil Prices
Sorry, can't give a link. This is from Morgan Stanley though. An Aframax holds 750,000 bbl oil and a Suezmax about 2-3,000,000. So that's 6-7,000,000bbl of North Sea oil sitting in tankers off the coast of Britain awaiting a buyer. That's about a week's worth of production sitting there having to be financed and ships paid…
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UK housing: The £24bn Property puzzle
http://www.ft.com/cms/s/0/ad851b70-fd76-11e4-b824-00144feabdc0.html#slide0 (free registration required) Continues...
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not the investment board BUT...
I like the opinion of the people on this board. So, I have an ISA and in that ISA I have some units from the JP Morgan Natural Resources. They have TANKED the last few years and don't seem to be improving much at all. The question is, should I leave them alone to one day rejuvinate themselves, or should I cash them in and…
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At least 10% Housing benefit cuts could be on the way
http://www.24dash.com/news/central_government/2015-06-04-Housing-benefit-to-be-targeted-in-Osbornes-welfare-cuts-IFS This Government should be aiming for a much bigger percentage, maybe they are. Over the next 10 years as things stand the UK is set to pay on housing benefit alone of £1/3 Trillion, how much social housing…
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if Goerge Osbourne takes away tax benefit for BTL won't rents just go up?
or am I missing something?
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test
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Wilsons not paying mortgages
Hi everyone, I understand that there's a block of flats in Maidstone which is 80% owned by the Wilsons. They haven't been making mortgage payments for a while and the Mortgage Corporation have reprocessed it. The tenants only found out last week and they have to vacate by the end of the month. Not sure how that's going to…
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Rise of the squat
Shelter poses a particularly interesting problem at the moment. It is still very much overpriced, with many people paying mortgages and rents that they can no longer afford while numerous properties stand vacant. The solution, of course, is to cut your losses and stop paying. But then you might soon have to relocate. That…
