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Debate House Prices
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London's property boom over?
Phil_Spencer
Posts: 13 Forumite
Well folks it looks like the chancellor's 7/15% stamp duty raid on £2 million + properties could be a game-changer.
Anyone still predicting price rises this year?
Anyone still predicting price rises this year?
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Comments
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A fairly modest game changer and even then only at the very top end.
But, yes, a change of sorts.FACT.0 -
I see it more as "less incentive" to buy such a place, other than to live in.
Other incentives have outweighed buying it to live in for a while now. It might be the foreign company buyers that has more of an impact, as Frank Knight made much of how they were "helping" the London market.0 -
http://www.dailymail.co.uk/news/article-2118543/BUDGET-2012-Stamp-duty-expensive-properties-rise-7-raid-2m-homeowners.html
daily wail and estate agent dudes are not pleasedMaidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?0 -
it will make no difference whatsoever to average london prices.
it's hardly a game changer for normal homes is it?0 -
chewmylegoff wrote: »it will make no difference whatsoever to average london prices.
it's hardly a game changer for normal homes is it?
It is these prime London properties which have kept averages stable. If prices at the top end start to slide, it surely follows that poperties in the price brackets below will do the same.
Add to the mix that the FTB stamp duty break is coming to an end and a price correction looks highly likely.0 -
1. The house price crash will begin.
2. There will be a dead cat bounce.
3. The second leg down will commence.
4. I will buy your house for a song.0 -
Supply and demand will always determine price.
Too many people, not enough homes.0 -
SecondLegDownIsTheBigOne wrote: »
what a great find dude :TMaidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?0 -
Supply and demand will always determine price.
Too many people, not enough homes.
Uh-huh.
That worked out well for the US and Ireland.1. The house price crash will begin.
2. There will be a dead cat bounce.
3. The second leg down will commence.
4. I will buy your house for a song.0 -
SecondLegDownIsTheBigOne wrote: »Uh-huh.
That worked out well for the US and Ireland.
US: lots of land
Ireland: not many people
Not comparable in the slightest. Obviously though you've just created this character to irritate people so I expect some more rubbish in response.0
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