Debate House Prices


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Generation buy is about lower prices 'across the board'

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Comments

  • padington
    padington Posts: 3,121 Forumite
    edited 9 October 2015 at 12:55AM
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    padington wrote: »




    :rotfl: Try getting out of London more....:eek:
    :rotfl:
  • padington
    padington Posts: 3,121 Forumite
    edited 9 October 2015 at 2:14AM
    :rotfl: Try getting out of London more....:eek:
    :rotfl:

    It's hard to find the need when the world comes to you. ;)

    http://www.standard.co.uk/news/london/its-official-london-is-the-most-popular-destination-for-tourists-in-the-world-9063988.html
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    padington wrote: »
    Hmmmm.... Food for thought. I personally feel that it's the UK's time to shine. The enterprise culture is finally here. People are innovating, networks growing, soft power booming. With that I forsee good times ahead and when things are good, house prices tend to rise and whilst they do, lots of BTL landlords will stay in game. I also think there is some incredible upside potential still with London property and the South East as the world wobbles around us but we offer a relatively safe space and incredibly fun place to park funds in a growing market.

    London is an AMAZING place now. The cultural activities are so endless and so so more ground breaking than anything I've seen elsewhere, I think we're entering a golden era.

    Saying that we are going to be slashing junior doctors wages etc so there might be trouble ahead as Osbournes cuts finally start clanking into place, which could well take the legs out of any move forward and emerging markets could cause us problems we didn't even see coming let alone the ones we did, whilst the BTL changes is going to be a large dampner but I think there is lots of dry gun powder yet to be brought to the table from Osborne with tax cuts etc that will help stoke enterprise. Companies seem to be running in our direction to make camp at the moment ( including large property investment firms from the east ) and I can only see that get better.

    However only time will tell I guess.

    I agree that the UK is likely to do well out of the next decade or two, especially if Europe, the UK's main customer, can get its act together.

    Migration means that the UK has a relatively young population and it's a great place to do business now that the Scottish question has been settled especially.

    However, the price of a house isn't a vote on whether the economy is doing well or badly. Very low interest rates will have supported house prices, especially in London where houses seem to be a proxy for cash under the mattress. The BTL changes might be seen by many as an opportunity to cash out or even force them out altogether. Or not of course. Time will tell.
  • michaels
    michaels Posts: 29,133 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I don't know how a row back from btl to oo will work in practice as all the evidence is that rented property has more people per bedroom than oo and already population growth outstrips new housing supply.
    I think....
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    michaels wrote: »
    I don't know how a row back from btl to oo will work in practice as all the evidence is that rented property has more people per bedroom than oo and already population growth outstrips new housing supply.

    More lodging and more friends buying together...?
  • AG47
    AG47 Posts: 1,618 Forumite
    Generali wrote: »
    More lodging and more friends buying together...?

    Relaxing of planning laws, lots of extensions and loft conversions

    But yes more families sharing, especially in cities.
    Nothing has been fixed since 2008, it was just pushed into the future
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