house prices DOWN 6.2% in a month!!! (in South East)

RenovationMan

DervProf wrote: »

"asking prices" and "should".

Nothing astounding about what Rightmove said.

Erm, the whole thread is about what Rightmove said. Do try and keep up old boy.

michaels

As there is no sign that the 6.2% figure is seasonally adjusted, surely the 2.7% yoy figure is more relevant - not forgetting real vs nominal and the unknown realised to asking price ratio...

brit1234

nollag2006 wrote: »

Don't know about that. I've got three at the moment.

The first two I bought in 2009 - up 10% since then.

The last one I bought at the start of 2011 - again also up quite a bit.

All properties yielding in excess of 7% income

Show me an alternative investment that offers that sort of tax efficient income.

Gold Britannias perhaps



Also no 40% CGT (28% before April if you can sell :rotfl:) on them either unlike your falling value buy to lets.

klemutot

homelessskilledworker wrote: »

You only have to read this board to realise that there are still many sellers with their head in the sand hoping we could go back to pre 2007.
what the south east figures tell me is that there are probably a sizable minority forced or "really need to sell" sellers who have woken up and probably knocked 15% or more off the asking price.

Yeah I agree. and those wanting to scale up, ie get a bigger house would also like to sell and in some ways are glad if prices drop as the gap between their value and the house they are buying will drop accordingly.

Thrugelmir

nollag2006 wrote: »

All properties yielding in excess of 7% income

Show me an alternative investment that offers that sort of tax efficient income.

Fail to see any tax efficiency. As the income is totally taxable.

chucknorris

brit1234 wrote: »

Gold Britannias perhaps



Also no 40% CGT (28% before April if you can sell :rotfl:) on them either unlike your falling value buy to lets.

I'm not sure what you mean? Are you saying CGT is going back up to 40% in April? I haven't heard anything about that, have I missed something brit (or perhaps misunderstood you)?

Road_Hog

IveSeenTheLight wrote: »

There's nothing wrong with it, however the cost of re-establishing and maintaining it is something the government can't afford at the moment.

One wonders if they ever will.

As a private landlord, I have no problems giving my tenants long term leases, indeed I have a set of tenants who are about to complete 5 years of renting.

I'd happily let them sign up for long term security if they wanted, the question is, how many tenants want to sign up for long term security.

Well NuLabour could have afforded to build and maintain, the economy was in an excellent condition when it was handed over to them (shame that they couldn't keep it that way).

5 Years, pah, nothing, mine are currently 10.5 years.

I know tenants wouldn't want to financially commit to long periods (they don't know what their finances are going to be like), but with a council house, they know that no one is going to turf them out as long as they keep paying the rent.

Sibley

Lets see if 30% falls knock off your rose tinted glasses, because that is what is coming

You are a nasty bit of work. Let me guess. One of the HPC gang?

How will a 21% rise in house prices or a rent increase feel?

That's all you have coming. :beer:

homelessskilledworker

Sibley wrote: »

You are a nasty bit of work. Let me guess. One of the HPC gang?

How will a 21% rise in house prices or a rent increase feel?

That's all you have coming. :beer:

No!!

I can't stand the site.

Sorry if what I honestly believe is upsetting you, which is a supprise really as you claim to be certain that prices will keep rising.

ukcarper

There we have it the two extremes one is convinced prices are going to rise and one fall. I’m not sure how either of them can be so confident the only thing I’ve learnt over 40 years of property owning is that anything can happen.