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Rightmove April 2014 : +2.6% MoM, +7.3% YoY
Comments
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They may rise more, but I'm happy to take capital and use it for something else. I feel that the market is liquid enough now to dispose of them and take the profit. I could sell in a years time but take longer to sell, it's very difficult to sell at the peak of any market. There are a couple of other factors like tenants happy to stay in the property until it sells so the timing is good for me.Interesting. The general consensus seems to be that London prices will continue on their current crazy trajectory pretty much indefinitely. While that seems unlikely to me, simply as there comes a point where people just haven't got any more money), I don't see anyone suggesting actual price falls.
Out of interests, where about's in London are you selling, and what type of property is it ?. And what makes you think that "things could be changing". I'm just interested in a view "from the coalface", that is a bit different to the "up up and away" prevailing wisdom.0 -
In London my brother.
No it's investment property bought in 2008. I feel that things could be changing and the also feel that exit taxes for investment properties will start to increase in the next year or two.
"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" Warren Buffet0 -
They may rise more, but I'm happy to take capital and use it for something else. I feel that the market is liquid enough now to dispose of them and take the profit. I could sell in a years time but take longer to sell, it's very difficult to sell at the peak of any market. There are a couple of other factors like tenants happy to stay in the property until it sells so the timing is good for me.
All sensible. Where about's in London are you selling ?0 -
They did if they blew it on crap
That wouldn't be going skint by taking a profit, that would be going skint with what you subsequently did with the profit.
But it does correctly raise the issue of what to do with the equity released, I'm not selling up yet because I would have to find an investment that yields 8% to keep the status quo (not even allowing for further growth), so for now I am staying in the market. Once interest rates start to move that 8% will drop as I have low margin tracker mortgages.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
West/Central London
Are you selling purely on your perception of the market chucky? Or are you reaching a point in life where you want to take less risk and lock some profit in? Or maybe a bit of both?
If I could find a decent home for the equity, I would think about (at least partially) selling up too.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Interesting. The general consensus seems to be that London prices will continue on their current crazy trajectory pretty much indefinitely. While that seems unlikely to me, simply as there comes a point where people just haven't got any more money), I don't see anyone suggesting actual price falls.
Central prime London has been on a slow decrease for a while now. The 'burbs are still flying, but the decrease of the prime stuff might spread in time.
Where I own in SW London, 2 beds were asking 400-450k, what seemed like less than a year ago. Then the odd 500-550k, then a couple over 600k, now one at 735k!!!
http://www.rightmove.co.uk/property-for-sale/property-29967693.html
Madness!0 -
Over on the forum hpc.co.uk this news has not been well received. Poor Eric Pebble. I don't think there is a font large or red enough to express his feelings about the last few years.0
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A combination really. I see prices as high and am comfortable with the profit made. I bought at a good time too so helps to make the decision, I can clear my domestic mortgage and have capital left over.chucknorris wrote: »Are you selling purely on your perception of the market chucky? Or are you reaching a point in life where you want to take less risk and lock some profit in? Or maybe a bit of both?
If I could find a decent home for the equity, I would think about (at least partially) selling up too.0
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