London Has Peaked

buglawton

padington wrote: »

Osbourne's little wheeze comes to fruition next year. There will be a lot more money about, I think anything could happen.

http://www.express.co.uk/news/uk/549326/House-prices-rise-people-invest-pension-pots-in-property

Forget bubbles, just consider if you think there might be more demand given supply.

Regrettably that Express article is totally short on facts on how you would

a) Avoid whopping income tax when you crystallise money out of your pension scheme to buy into property
b) Be protected against capital gains tax if the portfolio gains big value and you then want to crystallise it into cash or a different investment.
c) Whether this scheme can only apply to investing in companies that hold portfolios of property. If so, it's going to be a bonanza for portfolio manager con-artists who overpay themselves while under performing for their investors.

So much pension fog and only until Election day May 5th for total clarity to arrive!

padington

buglawton wrote: »

According to a half-pager in the Telegraph today, St Albans showed London a clean pair of heels in 2014, overtaking London average price rise by a clear margin. Other places e.g. Reading beat London too but only be a slim margin. Expect this trend to sharply increase in 2015. London, goodbyeee.

Only average London, some area's of London showed 'heels' to both of those commuter misery towns.

padington

wotsthat wrote: »

Maybe I'm just struggling to see why anyone would want to use even just the tax free lump sum to get into BTL as retirement looms.

Because its the only hope of their kids getting on the 'ladder' ?

buglawton

padington wrote: »

Only average London, some area's of London showed 'heels' to both of those commuter misery towns.

Yup, if you pick a bunch of model price-rise properties anywhere and draw a line around them, you can prove anything.

Do we need a new 'some bits of London haven't peaked' thread?

padington

buglawton wrote: »

Yup, if you pick a bunch of model price-rise properties anywhere and draw a line around them, you can prove anything.

Do we need a new 'some bits of London haven't peaked' thread?

Nope

http://www.theguardian.com/money/2014/dec/27/greenwich-house-price-rises-london

buglawton

padington wrote: »

Nope

http://www.theguardian.com/money/2014/dec/27/greenwich-house-price-rises-london

Greenwich beats St Albans - 24.6% vs 24%!
So it's official then, we stop quoting 'London' average prices and start quoting boroughs, because London is after all too big.

padington

buglawton wrote: »

Greenwich beats St Albans - 24.6% vs 24%!
So it's official then, we stop quoting 'London' average prices and start quoting boroughs, because London is after all too big.

Perhaps a good time to put the big tablet down and swallow a couple of small ones?

Bubble_and_Squeak

wotsthat wrote: »

You're losing track because you've hit your little bear reset button so many times.









Good job I can keep track of your mumblings even if you can't. Do you have to wear slip ons by the way?

wow!
you must have a lot of time on your hands!
its a nice example of taking singular statements out of context and imposing your desired spin

Bubble_and_Squeak

wotsthat wrote: »

Given we're apparently heading for a pensions crisis because so few are saving for retirement I find it difficult to believe that those with the foresight to save a house sized pension fund would pay tax at their higher rate to buy a house.

If they're the clever ones there's no hope for the rest.

they'll take the money out and give it to their middle class children to buy houses

Bubble_and_Squeak

padington wrote: »

Prime property transaction levels are very high ...

isn't prime depreciating?