Property is now in a bear market

Sapphire

Property prices need to come down, especially in London. The situation up to now has become ridiculous – and I've always been of the opinion property should be for living in, not for speculation. Perhaps, also, there may be a reduction in foreign buyers/investors, which will leave more property on the market for those currently 'priced out'.

fun4everyone

London is going to be hardest hit by far - probably followed by Scotland as a whole.

chucknorris

Thrugelmir wrote: »

Human nature is to hang until the market recovers. Crystallising a loss is something investors find it very difficult to do.

In the last tax year I stumbled onto an advantage of locking in losses. When the ftse was low I sold and reinvested in similar tracker funds, which created a loss (in previous tax years I had done the same when prices had risen to ensure that my CGT free allowance was protected from future CGT). These losses can be carried forward to future tax years to reduce my CGT bill when I eventually sell investment property.

Garethgrew

fun4everyone wrote: »

London is going to be hardest hit by far - probably followed by Scotland as a whole.

London has far further to fall, that's for sure.

societys_child

AG47 wrote: »

Property in the uk is now in a bear market, but why buy now when you prices will be lower if you wait even longer.

All those poor sellers trying to undercut each other.

You sound like a migrant from HPC?

Plenty on there waited "even longer" - their still waiting

AG47

societys_child wrote: »

You sound like a migrant from HPC?

Plenty on there waited "even longer" - their still waiting

It seems what the HPCers have been waiting for is finally here. Property falls are going to be quite dramatic going forward.

AG47

Right now there are many members of the European Union that were emboldened by the UK vote to Leave the EU. They are feeling nationalistic and see the UK decision as a positive thing.

Unless the EU and the Bad Guys PROVE that it is a very bad move ALL of the EU counties will try to leave.

If the stock markets continue to soar over the next few weeks it will have a very, very, very negative effect on the European Union and those that want to show the world that there is no other choice but to follow their lead.

Watch for a MASSIVE attempt by the EU and the Bad Guys to destroy the financial markets in the coming weeks as it will be the only thing left to save the EU. Come mid-July, when the derivatives are settled, there won't be much left to pass around.

Monday could go either way as the US and the Exchange Stabilization Fund will be all over propping up the markets. In the end the crash will come and then it comes down to blame.

The EU will blame the departure of the UK for the crash.

The battles are raging and you have a front row seat

chucknorris

societys_child wrote: »

You sound like a migrant from HPC?

Plenty on there waited "even longer" - their still waiting

It looks like he has been lying:

https://forums.moneysavingexpert.com/discussion/comment/70893059#Comment_70893059

Jack_Johnson_the_acorn

chucknorris wrote: »

It looks like he has been lying:

https://forums.moneysavingexpert.com/discussion/comment/70893059#Comment_70893059

Property magnate he ain't

Sapphire

AG47 wrote: »

Right now there are many members of the European Union that were emboldened by the UK vote to Leave the EU. They are feeling nationalistic and see the UK decision as a positive thing.

Watch for a MASSIVE attempt by the EU and the Bad Guys to destroy the financial markets in the coming weeks as it will be the only thing left to save the EU. Come mid-July, when the derivatives are settled, there won't be much left to pass around.

To do that would surely damage most of the EU countries more than it would us? Surely even they cannot be so power crazy as to want to create such a situation? The best way of dealing with it would be to come up with ideas for compromise and some signs of friendship (which have never been forthcoming from the EU bureaucrats, and certainly not from the likes of Juncker, who comes across as a hostile and unpleasant petty dictator). There would also need to be some recognition of how some EU policies are affecting many British people (rather than politicians, financiers and big business). One size does not fit all.

If this is what the EU bureaucrats would do, then we are certainly best out of such an organisation.

We will be fine – it was always known that there would be some turmoil following a Leave vote, but then there is very likely to be massive turmoil pretty soon in mainland Europe anyway, whether we left or not…

What we do need is some competent politicians in the UK who will deliver what people want, and give confidence to all British people, not just those in London. Constant whining and negativity will get no one anywhere.