'We've reached a tipping point' Signs of house price weakness

chucknorris

Bubble_and_Squeak wrote: »

most likely but what i can within my budget
i expect a flood of CGT tax dodging properties on the market before april. i think this is when supply will peak.
might look into buying in cyprus, though. property is VERY cheap there at the mo and is expected to fall further due to some kind of eviction law changes related to the bail out

I assume that you are referring to the forthcoming CGT rule change (it might not be retrospective) for ex-pats, do you really think that it will affect many people in the area that you want to buy in?


We were looking at a possible move to the Isle of Man but we are 5 years too late.

Bubble_and_Squeak

chucknorris wrote: »

I must have missed that one, the first was when he was the PM right? What was the second one?

can't rightly remember who the dr was
i think tennant, possibly his last episode as the doctor
the master had his hair dyed blond and had a stupid super hero type lightening beam weapon which he deployed from the palm of his hands
was very cheap

chucknorris

Bubble_and_Squeak wrote: »

can't rightly remember who the dr was
i think tennant, possibly his last episode as the doctor
the master had his hair dyed blond and had a stupid super hero type lightening beam weapon which he deployed from the palm of his hands
was very cheap

Somehow I missed that one, from what you said it sounds like I didn't miss that much.

Bubble_and_Squeak

chucknorris wrote: »

I assume that you are referring to the forthcoming CGT rule change (it might not be retrospective) for ex-pats, do you really think that it will affect many people in the area that you want to buy in?


We were looking at a possible move to the Isle of Man but we are 5 years too late.

i think it will affect the market generally.
i'm of the opinion that now prime london is falling the people who couldn't quite afford those properties will be priced in, causing prices in the next tier to adjust and so on
the CGT thing will genrally increase supply, which has been increasing for the last 8 months or so.
i expect prices to fall but even if they don't there will be more choice by early 2015
do you think these predictions are erroneous?

Bubble_and_Squeak

chucknorris wrote: »

Somehow I missed that one, from what you said it sounds like I didn't miss that much.

i'd lost interest by that stage
the old milk the cow till it runs dry trick
do you know that one?

wotsthat

Bubble_and_Squeak wrote: »

i expect a flood of CGT tax dodging properties on the market before april. i think this is when supply will peak.

Why? On April 6th 2015 these properties will have a CGT liability of £0

CGT doesn't seem to have put off BTL so can't see why this particular group would be more averse to paying it anyway.

..and it'll affect how many properties in the 'stow?

Bubble_and_Squeak

chucknorris wrote: »

I assume that you are referring to the forthcoming CGT rule change (it might not be retrospective) for ex-pats, do you really think that it will affect many people in the area that you want to buy in?


We were looking at a possible move to the Isle of Man but we are 5 years too late.

there is a girl in my drinking circle who comes from the isle of man
she said its full of bigoted UKIP types with an island mentality and that she got out of there at the earliest possible opportunity

Bubble_and_Squeak

wotsthat wrote: »

Why? On April 6th 2015 these properties will have a CGT liability of £0

CGT doesn't seem to have put off BTL so can't see why this particular group would be more averse to paying it anyway.

..and it'll affect how many properties in the 'stow?

i don't the "awesomestow" needs any help to fall
its falling quite nicely on its own

chucknorris

Bubble_and_Squeak wrote: »

i think it will affect the market generally.
i'm of the opinion that now prime london is falling the people who couldn't quite afford those properties will be priced in, causing prices in the next tier to adjust and so on
the CGT thing will genrally increase supply, which has been increasing for the last 8 months or so.
i expect prices to fall but even if they don't there will be more choice by early 2015
do you think these predictions are erroneous?

I don't see London falling, but I do see it stagnating for a while, because it surged so much (by stagnating I mean dipping and rising by small amounts, not necessarily completely flat). You were unlucky with Tottenham Hale, I know because we were looking there at the same time, and were shocked by how much they surged in a very short time. My wife was keener to buy than me, as I was half thinking that we had enough in property and should diversify. But the after increase, IMO it meant the value had gone for an investor, you as an owner occupier face a much more difficult decision.

chucknorris

Bubble_and_Squeak wrote: »

there is a girl in my drinking circle who comes from the isle of man
she said its full of bigoted UKIP types with an island mentality and that she got out of there at the earliest possible opportunity

We were only at the very early stage of exploring the possibility, but we'd only have been there 6 months a year, the rest of the time we would be in Spain and/or the Algarve during the winter. But the chancellor killed off that possibility anyway, we'd have gotten away with it, if it wasn't for that pesky chancellor.