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Debate House Prices
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The growing CGT rebellion: Fear of tax grab sparks mass sale of homes and shares
Comments
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Daily Mail. Ugh.
Peering through the usual Mail frothing of the mouth and screaming headline, it does appear that this is due to the scrapping of HIPS rather than the impending CGT rise.
The CGT issue will be put to bed on 22nd June and I'd be amazed if anyone is putting their house on the market thinking they can wrap up a deal within little over 3 weeks??? Assuming they are that stupid, surely if they haven't sold by then, they'll simply go back to playing the waiting game?
Think it's more down to HIPS to be honest.
So you have inside info on when any rise will kick in
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Quite a few 'no chain' properties around here. In fact, now you mention it, I've been seeing that a lot locally - thought it was a bit odd, as they didn't all look like old people's homes. Being a bit slow...derrr.
There is one website, think it may be mouseprices, that has a monthly email that is very informative on local price movements. It has a section listing properties its spotted as "no chain" mentioning that they are generally one of repossessed/ desperate sellers/ STRs/ deceased's estates and could be a bargain.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Interesting that Webb's mother didn't take her advice when she was predicting the housing market was going to crash in 2008
http://www.moneyweek.com/investments/property/why-theres-still-no-cheer-for-property-prices-14041.aspx
Mother's almost never listen to their daughters, IME!0
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