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Debate House Prices
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Zoopla worried :)
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I suppose more than anything it is the sentiment that will put very rich people off buying in London i.e that London is no longer a property tax nirvana and perhaps the aggressive tax avoidance measures (15% stamp duty on property bought through offshore companies) will change the whole idea that London is the best place to store wealth. Perhaps they will look to more up and coming fashionable countries that are emerging as financial powerhouses (Brazil etc) rather than a dying city with a water shortage, riots and an ever decreasing financial hub (finance jobs in the City gone back to pre 2000 levels).0
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I would certainly choose Brazil over London. It may have one of the world's highest murder rates, but I'm sure they didn't have a load of bored teens rioting last summer.0
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This will reduce prices at the top and the volume of transactions at the top. This will weaken the distortions on house price surveys and should lead to more falls being shown. This will surely effect sentiment downwards even in those with their greedy asking prices._party_
My god this could be THE TRIGGER!0 -
So do Haliwide do a lot of lending in the north of 2mil market? No? In which case changes in these prices are not going to affect their indices so we are not going to see a psychological affect from falling price indices as has been postulated - or at least not as the result of any changes in this particular part of the market.I think....0
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JonnyBravo wrote: »Penthouse apartments.
Ordinary ones cost the same price as a pint of beer.
If you can get one. A pint that is. All the pubs are shut.
The penthouse apartment was sold for around 55k before christmas iirc.0
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