More Chinese pressure on UK house prices

TickersPlaysPop

I haven't posted a new thread on China for a while.

The question.... is this the start of the Chinense bubble unraveling and my predicted global crash?

Also, more evidence that leaving the UK residential house market exposed on the global commodity market is negligence and misconduct by our government.

http://money.cnn.com/2015/02/27/news/economy/china-yuan-capital-outflow/index.html

Our government is representing and acting on behalf of the residents of the UK, so why are they allowing our homes to be profiteered from by non UK residents? If they want to benefit from buying homes here, come and live here and contribute.... I.e. PAY TAX!

mayonnaise

Houses for profits, not China Man!

michaels

Umm perhaps selling houses to the Chinese is the price we pay for running a huge deficit on things like iphones made in China? Unless we give up all these essentials then we will have to pay for them somehow....

Given events in Russia I suspect there will also be lots of buyers from there too.

TickersPlaysPop

michaels wrote: »

Umm perhaps selling houses to the Chinese is the price we pay for running a huge deficit on things like iphones made in China? Unless we give up all these essentials then we will have to pay for them somehow....

Given events in Russia I suspect there will also be lots of buyers from there too.

The UK buying and using Chinese products is nothing to do with allowing OUR HOMES to be bought and sold like any another commodity on the global market. Why?... Ask your self... who is on the list of people that benefits from selling residential properties to non UK residents?

Inland revenue
Building companies
Banks
People already invested in the housing market such as landlords, hence the very strong and numerous posts against this thread.

And who is on the list of losers?...

Every UK resident due to inflated house prices, leading to increased commute distance time and cost, lower housing standards in terms of space quality etc.

michaels

If we sell less to the Chinese (including houses) we will have a bigger balance of trade to finance. This will push the pound down making iphones (and everything else) more expensive until we buy enough fewer of them for things to balance again. The two are directly related.

CLAPTON

TickersPlaysPop wrote: »

I haven't posted a new thread on China for a while.

The question.... is this the start of the Chinense bubble unraveling and my predicted global crash?

Also, more evidence that leaving the UK residential house market exposed on the global commodity market is negligence and misconduct by our government.

http://money.cnn.com/2015/02/27/news/economy/china-yuan-capital-outflow/index.html

Our government is representing and acting on behalf of the residents of the UK, so why are they allowing our homes to be profiteered from by non UK residents? If they want to benefit from buying homes here, come and live here and contribute.... I.e. PAY TAX!

how many properties are owned by the Chinese or indeed all non resident foreigners?

how much of foreign owned property is empty

how much foreign owned property is rented out?

how much new building is funded by foreign money?

marleyboy

Welcome to the World of Finance, where the highest bidder buys the plot.

I am not sure WHY you think its only the Chinese that buy into them though, I can assure you house buying in the UK is a very Multi-culture affair. But all is fair when it comes to a buyers\sellers market.

Thrugelmir

michaels wrote: »

If we sell less to the Chinese (including houses) we will have a bigger balance of trade to finance. This will push the pound down making iphones (and everything else) more expensive until we buy enough fewer of them for things to balance again. The two are directly related.

To assemble an iPhone costs $5. With 50% margins Apple can absorb lower prices to remain competitive.

antrobus

CLAPTON wrote: »

how many properties are owned by the Chinese or indeed all non resident foreigners?

how much of foreign owned property is empty

how much foreign owned property is rented out?

how much new building is funded by foreign money?

Facts? Facts!

We don't want to look at any facts, mate. That's the kind of stuff that people like you use to confuse people like the OP.:)

antrobus

TickersPlaysPop wrote: »

..... If they want to benefit from buying homes here, come and live here and contribute.... I.e. PAY TAX!

TickersPlaysPop wrote: »

... Ask your self... who is on the list of people that benefits from selling residential properties to non UK residents?

Inland revenue..........

How does the Inland revenue benefit unless these non-residents are actually paying tax?

P.S. The Inland Revenue was replaced by HMRC in 2005. Only ten years behind the times I see.:)

MARTYM8`

Given the prime London housing market is foreign driven - few Brits can afford the prices any more - clearly any international factors/global economy issues will inevitably affect the market.

Some countries have laws which restrict foreign ownership to protect their own citizens - but in the UK money talks and s*d the consequences.