Rightmove March +1.6% MoM +6.8% YoY

Graham_Devon

wotsthat wrote: »

Suppliers of houses will wish to sell more when prices are higher.

Buyers of houses finding they don't need to save as long to save a deposit will buy sooner.

What are you struggling with exactly?

Not struggling with anything. What you have just said has aboslutely no relevance to what I was saying.

Though see you are struggling with the question posed still!

wotsthat

Graham_Devon wrote: »

Not struggling with anything. What you have just said has aboslutely no relevance to what I was saying.

Though see you are struggling with the question posed still!

What? Why do we need HTB if higher prices are eliciting a supply response?

I thought I answered quite succinctly - not my fault if you struggled to understand.

chucknorris

I am absolutely astonished! I've just checked Rightmove and found 2 flats under offer with asking prices were 495k (2 bed) and 525k (3 bed) in a block that I have 3 flats. I called the EA and he said the 2 bed is going for about the asking price and the other for about 25k more!


I thought optimistically that their values might be up to £380k and £400k, I'm going to have to think things over as the yields are quite low now, it might be time to bale out.

MFW_ASAP

chucknorris wrote: »

I'm going to have to think things over as the yields are quite low now, it might be time to bale out.

A good investor not only knows when it's time to buy but, as importantly, when it's time to sell. The question is where you'd get similar or better yields on the money, especially with taxation taken into consideration.

chucknorris

MFW_ASAP wrote: »

A good investor not only knows when it's time to buy but, as importantly, when it's time to sell. The question is where you'd get similar or better yields on the money, especially with taxation taken into consideration.

I also did that calculation this morning, I would have to make about 5% gross on the released equity in an alternative investment to be in the same position.


But that is distorted by my low margin tracker mortgages. I have been looking at the sensitivity of interest rates going up, the base rates has to go up to about 4% to bring that return down to about 4%.


It won't be an easy decision, but I think I have a lot of time before the base rate reaches 4% and obviously it also depends on what any alternative investment would pay.

chucky

chucknorris wrote: »

I am absolutely astonished! I've just checked Rightmove and found 2 flats under offer with asking prices were 495k (2 bed) and 525k (3 bed) in a block that I have 3 flats. I called the EA and he said the 2 bed is going for about the asking price and the other for about 25k more!


I thought optimistically that their values might be up to £380k and £400k, I'm going to have to think things over as the yields are quite low now, it might be time to bale out.

From reading your post I asked an estate agent to look at my properties and got a very present surprise from their valuations.

I'm no debating with myself to stick or twist.

de1amo

and how will the release of pension funds in 2015 affect the market.....it must be time to hold...or buy....or am i missing something???

mayonnaise

chucky wrote: »

From reading your post I asked an estate agent to look at my properties and got a very present surprise from their valuations.

I'm no debating with myself to stick or twist.

Difficult to comment without knowing your area, chucky.
I'm not into BTL, but if I was, I'd stick. No way we're going to see any price falls anytime soon. To the contrary.

But whatever you do, I wish you all the best. It's encouraging to see financially astute people like yourself do well in life.

mayonnaise

de1amo wrote: »

and how will the release of pension funds in 2015 affect the market.....it must be time to hold...or buy....or am i missing something???

I can imagine many will opt to pick up a BTL or two instead of signing up for a meagre annuity.

de1amo

it will distort the 'graphs' of past performance thus makingthem irrelevant in my opinion....it is a no brainer!!