South East more confident of house price rises than ever recorded

ukcarper

Crashy_Time wrote: »

So someone "talking their book" or just stretching reality a bit ( or even a big bit) to encourage buyers/sellers/landlords to approach their company means that I should believe that UK property is not just a glorified Ponzi scheme, should I buy stocks just because the girl on Bloomberg talking about them looks slightly better than the back of a horse as well? I think it is noteworthy that some estate agents have seen fit to publicly beg for a change in government policy, you may however have a different view? :rotfl:

As I say blinkered you search for things that support your view and ignore ones that don't.

ukcarper

Jon_B wrote: »

For me the reason why prices have grown strongly in the past year can be attributed to the stamp duty change.

A year ago I was looking to buy just below the £250k mark as under the old scheme stamp duty jumped horrendously above that particular price bracket. However, within a few months of the change the homes I could have bought for £249,995 were now being listed towards £300k.

I'd go as far to argue that all that is happening is that prices are actually approaching their true values as they were being constrained around the tax policies of the time.

For the record - I ended up buying a house at £275k. Stamp duty was only £3,750 which was better than the £8k or so upfront it would have been before.

I think that's is true to some extent but I'm not sure it's had that much effect on higher priced property.

padington

No London bubble according to CNBC this week ....

http://www.cnbc.com/2015/11/24/why-london-property-isnt-a-bubble.html

lisyloo

Well I read that as "it IS in a bubble but we're not worried it's going to pop just yet".

Crashy_Time

padington wrote: »

No London bubble according to CNBC this week ....

http://www.cnbc.com/2015/11/24/why-london-property-isnt-a-bubble.html

But more crazy HTB schemes announced today just in case it actually is unaffordable to all but the global rich club ( who have cooled on buying in London recently?) :rotfl: