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

Bubble_and_Squeak

padington wrote: »

Mansion tax will cause cheapside london to become more sought after I would have thought . In my opinion it's already happening hence Haringey and lewisham up etc. it's a game of two halves now. Time to be on the wrong side of the tracks.

So it's a little upside if labour win for relatively cheap properties I reckon but a total win if the Tories do. So a reasonably safe bet after saved rent etc. I could be wrong but that's my call. I'm not selling.

I wouldn't be surprised if the election ends with another coalition with the mansion tax being the first proposal that comes off the table.

If Labour come in hard and crash property prices with it across the table, I'll head off travelling and rent my place out, wouldn't like to be around when that happens. It's a shame, I think we need more equality not less but given the forces of global capital, slicing the pie up differently just seems to shrink the pie altogether.

i would imagine most people who own a "mansion" would already own several other properties so wont necessarily be looking for another home straight away. those that don't will have to sell a depreciating asset with a large tax liability against a backdrop of falling demand.

hpifever

http://www.biznews.com/property/2014/11/17/london-property-market-crash-buyers-disappear/

In_For_A_Penny_2

hpifever wrote: »

http://www.biznews.com/property/2014/11/17/london-property-market-crash-buyers-disappear/

Considering all the buyers have supposedly dissapeared its interesting prices are not only rising but the rate of that increase is accelerating. . .

http://www.bbc.co.uk/news/business-30094813

Crashy_Time

In_For_A_Penny wrote: »

Considering all the buyers have supposedly dissapeared its interesting prices are not only rising but the rate of that increase is accelerating. . .

http://www.bbc.co.uk/news/business-30094813

How are sales volumes doing?

Bubble_and_Squeak

in_for_a_penny wrote: »

considering all the buyers have supposedly dissapeared its interesting prices are not only rising but the rate of that increase is accelerating. . .

http://www.bbc.co.uk/news/business-30094813

hahahaha ons!

wotsthat

Bubble_and_Squeak wrote: »

hahahaha ons!

The laughter seems to be getting ever more nervous.

Don't forget, in your world, all the over 55's will be rushing to buy a place in E17 early next April and if the Tories win the election they'll be pressing the button that increases house prices.

The clock's ticking.

In_For_A_Penny_2

Crashy_Time wrote: »

How are sales volumes doing?

Remind me what your argument is?

That we've reached a peak (for over 6months now) and homeowners are rushing to sell thereby flooding the market with cut-price properties or that sales volumes are falling?

Either way prices seem to be going up.

danothy

Crashy_Time wrote: »

How are sales volumes doing?

In London? Thusly:

Crashy_Time

danothy wrote: »

In London? Thusly:

So is that about half as much as when there was loads of cheap credit about and dropping?

Crashy_Time

In_For_A_Penny wrote: »

Remind me what your argument is?

That we've reached a peak (for over 6months now) and homeowners are rushing to sell thereby flooding the market with cut-price properties or that sales volumes are falling?

Either way prices seem to be going up.

A lot of people can`t sell their house.