Is it looking toppy, stagnant or ripe for a housing boom ?

MrRee_2

I predict that, when an understairs cupboard is rented out in London for £500 a month then we shall have seen the start of a bonkers increase in House values ....................... oh, hang on a minute, what is that on the BBC News website?

As long as I, and my colleagues, can return 8% on any property we buy to let ... then we shall continue to drive up prices - after all, it pushes up the value of our existing portfolio of properties.

It's win, win, win and win again ..... I can't believe everyone isn't doing it?

Aberdeenangarse

MrRee wrote: »

As long as I, and my colleagues, can return 8% on any property we buy to let ... then we shall continue to drive up prices - after all, it pushes up the value of our existing portfolio of properties.

It's win, win, win and win again ..... I can't believe everyone isn't doing it?

When vile little toads like you ( the shoe shine boy) think it can't go wrong, it's time to exit the Market.

MrRee_2

Bye Bye ... but then you're not in the market are you?

You were the one left on the station when the BTL Train left towards the sun and honey without you ...

mystic_trev

I think many Asset classes are currently overvalued, particulary Property. Will it correct? Dunno! Certainly where I live (prime SE commuting area) most Local workers are priced out, even for the smallest Hovel. I find it all rather sad.

mwpt

mystic_trev wrote: »

I think many Asset classes are currently overvalued, particulary Property. Will it correct? Dunno! Certainly where I live (prime SE commuting area) most Local workers are priced out, even for the smallest Hovel. I find it all rather sad.

According to some people on this forum they just need to buy a shed somewhere to live in, cos that's today's equivalent of the 2 bedroom mansion block in North London that the previous generation had to suffer in as a FTBers. After that, the magic of HPI, LTVs and other economic sounding acronyms will enable them to afford the 4 bedroom detached house in Surrey. Somehow.

Blacklight

I don't think London will move much more. The rest of the UK is playing catch up now.

I'll be the exact reverse of recent years with London flatline prices dragging down the whole average.

0.1% increases again, but 15% 'round my way'.

padington

Blacklight wrote: »

I don't think London will move much more. The rest of the UK is playing catch up now.

I'll be the exact reverse of recent years with London flatline prices dragging down the whole average.

0.1% increases again, but 15% 'round my way'.

The global set up is looking ripe for more UK investment and increased wages if you ask me.

The U.S. and UK look like they might be the go to places to park cash in a slow !!!!!! global storm. I think it might be a case of everywhere booming for a good while.

If you think about it, so many winds are in the Uk's favour it's quite uncanny. Even the benefits caps are just going to make London more desirable to the property owning classes in the medium to long term.

cells

maybe generation rent are slowly becoming the policy makers in councils?

my council is going from 400 new builds a year to over 2,000 a year or so they say. If every council in London did the same London prices and rents would stabilise

Conrad

Speaking for the M25 rim I would say prices will add around 40% in the next 3 years. Big ripple out of London into the burbs as I type

sebadee

I think the West Country is going to have a good few years. Properties are still reasonably priced, and with the electrification of the great western line and more businesses moving away from the expensive south east, it will result in lot of towns around Dorset, Somerset and Wiltshire being good prospects.

A lot of tech workers are doing this already. We moved to Chippenham and are really happy. We have a nice three bed semi with a garage, in a decent safe housing development just outside town. Being a techy I can remote work some days or just hit the M4 which is where all the tech firms are (Bristol, Reading, Bracknell etc). In about two years time I will be able to get a train to Paddington on a high speed Hitachi bullet style job, running every 15 minutes getting me to central London in short of an hour (quicker then most London commute counties such as Surrey, Sussex, Hampshire etc). We also have two Ofsted 'outstanding' secondary schools not that far away.

The price we paid for our place, would not have even got us an ex council two bed shoebox in Surrey.

Come automated self driven cars (not as far as you think), perceptions around commute times will change a lot, which means even more people will start to wander further out west or north.