Northern Ireland Residential Property Price Index

qwert_yuiop

I'm not saying it's illegal. I'm saying it's nuts.

The tax advantages are an effective subsidy for landlords, allowing them to outbid would-be owner occupiers, who then end up paying rent to the landlords. Tax payer funded wealth accumulation for the already rich, to the detriment of the exploited poor. You don't have to be a member of the sociAlist workers' party to see the injustice there. Basic Christian charity should be enough. The latest legal crime I've just heArd about is a rates reduction for holders of multiple properties. What a disgrace.
As I indicated elsewhere, at least the tenants avoided the property crash, so there's one big gift from the landlords - that wasn't part of the plan, however.

As an investment, residential property produces precisely nothing of value.

warmhands.coldheart

qwert_yuiop wrote: »

I'm not saying it's illegal. I'm saying it's nuts......

I agree, it is NUTS..... but it's not illegal and in fact it's actively publicised .... it's the system as set up by government/politicians ..... why would they not take advantage of it......

qwert_yuiop

Nuts and an injustice. Just because it's legal and state-supported doesn't mean it's right or fair. It's not a level playing field etc

Anyway, anyone who got into the game in the last 10 or 12 years has lost a wodge.

funkey_monkey

How is the market looking in SE Belfast currently? I'm thinking of looking to buy here and would like to know what to expect.


Thanks.

warmhands.coldheart

So I see Prices are apparently on the up again.... Obviously will be area dependant.....

....This follows figures from the Office for National Statistics which stated that annual house price inflation in Northern Ireland was running at 14.2% in February.

Have we not learned anything??

marathonic

warmhands.coldheart wrote: »

So I see Prices are apparently on the up again.... Obviously will be area dependant.....


Have we not learned anything??

Having paid £115k for my house in December 2012, a house in the same estate came up for sale this week at £180k. I would consider my house to be of a 'slightly' higher standard.

Don't get me wrong, I believe that the estate agent is being overly ambitious and it'll make nowhere near that. I'm going to ring them up for a laugh when it's been on the market a week to see whether they have any offers.

The rateable value is £150k and the bank valued my property at £140k in December when I was remortgaging.

warmhands.coldheart

Seems the queuing fad has started again too... saw the first three in line the morning at 6:45am on my way to work..... Madness...

marathonic

I quite like this post that linked back to this one on MSE:

http://www.housepricecrash.co.uk/forum/index.php?/topic/178950-residential-property-price-index-exclusive-thread/?p=909263315

I timed it perfectly - pity there were no listeners.

belfastgirl23

warmhands.coldheart wrote: »

Seems the queuing fad has started again too... saw the first three in line the morning at 6:45am on my way to work..... Madness...

lol surely this is someone looking for publicity by getting their friends to queue? 300 houses. I can't imagine you'd need to be queuing for that....I'd imagine they'll be begging people to take them.

warmhands.coldheart

belfastgirl23 wrote: »

lol surely this is someone looking for publicity by getting their friends to queue? 300 houses. I can't imagine you'd need to be queuing for that....I'd imagine they'll be begging people to take them.

I wouldn't bet on it,,,, it's the Sheep Effect...
Pretty much every new house I've seen built in our area of south / east Belfast has been occupied within a month or two of the builders finishing...... Maybe the market is "normalising" a bit.. if there is such a thing !!