Best performing property markets in UK????

nearlynew

My local area is "performing" really well.

Down about 20%

Great news.

IveSeenTheLight

nearlynew wrote: »

My local area is "performing" really well.

Down about 20%

Great news.

Interesting?
Where is your local area? Others may be interested
What percentage are you looking for in your area to drop by?

I find it interesting that as a multiple property owner, you are keen on further lowering of house prices in your local area.

As an investment, it would indicate you should sell the second property now before the prices go lower, unless you hope is to invest in more properties at a reduced price

HAMISH_MCTAVISH

IveSeenTheLight wrote: »

Interesting?
Where is your local area? Others may be interested
What percentage are you looking for in your area to drop by?

I find it interesting that as a multiple property owner, you are keen on further lowering of house prices in your local area.

As an investment, it would indicate you should sell the second property now before the prices go lower, unless you hope is to invest in more properties at a reduced price

Note to readers:

NEVER take advice from people determined to see the value of their own investments fall.

:rotfl::rotfl::rotfl::rotfl:

nearlynew

HAMISH_MCTAVISH wrote: »

Note to readers:

NEVER take advice from people determined to see the value of their own investments fall.

:rotfl::rotfl::rotfl::rotfl:

You are a silly boy McTittish.

Lower house prices are good news for everyone.
Unless, of course, you are relying on HPI to rescue you from negative equity.

IveSeenTheLight

nearlynew wrote: »

You are a silly boy McTittish.

Lower house prices are good news for everyone.
Unless, of course, you are relying on HPI to rescue you from negative equity.

So why not sell your BTL now before they fall any further
Surely makes better business sense to capitalise on the equity now rather than lose capital and potential rental income on the depreciating asset (assuming you do believe there are much more falls to come)

Where is this VI area?

P.S. Hamish does have a point, why do you want your investment to fall in value?

HAMISH_MCTAVISH

nearlynew wrote: »

You are a silly boy McTittish.

Lower house prices are good news for everyone.
Unless, of course, you are relying on HPI to rescue you from negative equity.

Hmmmm, lets see.

Lower house prices are good for FTB's. Or at least, they would be if the savings from lower prices were not being eaten up by the higher bank margins.

Lower prices were supposed to be good for upsizers, only it turns out the costs to upsize have remained constant so they are making no savings at all.

And of course, we already know lower prices are bad for the millions in negative equity or close to it, the millions more approaching retirement and who may want to downsize or leave something for their children, the millions more approcahing remortgage time who now pay a higher rate because LTV has dropped, and the couple of million investors.

So other than a few hundred thousand FTB's, who are mostly not seeing the benefits, lower prices hurt everyone.

ruggedtoast

No, they dont, your "facts" are wrong again.

Graham_Devon

HAMISH_MCTAVISH wrote: »

Hmmmm, lets see.

Lower house prices are good for FTB's. Or at least, they would be if the savings from lower prices were not being eaten up by the higher bank margins.

Lower prices were supposed to be good for upsizers, only it turns out the costs to upsize have remained constant so they are making no savings at all.

And of course, we already know lower prices are bad for the millions in negative equity or close to it, the millions more approaching retirement and who may want to downsize or leave something for their children, the millions more approcahing remortgage time who now pay a higher rate because LTV has dropped, and the couple of million investors.

So other than a few hundred thousand FTB's, who are mostly not seeing the benefits, lower prices hurt everyone.

Lower prices hurt no one.

Falling prices hurt some.

But you are kind of over egging this now.

bo_drinker

inspector_monkfish wrote: »

its all !!!!!! :cool:;)

What they said. There is a lack of stock due to people have to spend money to put the for sale board in the ground and therefore some areas are holding their own on a foundation of sand(they wouldn't be if hips didn't exist) Indirectly the prices are holding if the property is half decent.
There is a lot of !!!!!! spoken on the subject and it changes like the wind.

PasturesNew

geoffky wrote: »

hamish..your trolling is starting in the exact same way on here as it was on hpc and people will soon get sick of you....if not already...face the facts we are in a major correction for the housing market that was long overdue...get over it..

What he said.