House Market Quiet

Conrad

Yes quiet, investors are hibernating since stamp duty and income tax began increasing.

I was considering a flat today but the stamp duty alone is nearly £8k. As such I'm seeking seekers who will drop price by this sum

A new development came on today, one of two Ive been waiting for, and it's priced lower than I'd expected, but with the stamp duty is still some £10k over what I will pay

caronoel

Conrad wrote: »

Yes quiet, investors are hibernating since stamp duty and income tax began increasing.

I was considering a flat today but the stamp duty alone is nearly £8k. As such I'm seeking seekers who will drop price by this sum

I'd imagine Hammond will reverse some of the punitive taxes on landlords put forward by Osborne.

As they found in Ireland, these sort of tenant taxes just push up rents.

mwpt

caronoel wrote: »

I'd imagine Hammond will reverse some of the punitive taxes on landlords put forward by Osborne.

As they found in Ireland, these sort of tenant taxes just push up rents.

Untrue, discredited.

chucknorris

I've just arranged to meet a few estate agents next month after my tenants have moved out, they all seemed very positive, and my value (of £460k) was confirmed as about right. I did wonder whether they just wanted to sound positive to get the business, but my wife said when she put a property on the market last month they all sounded negative, I'll find out soon enough though. Although with December being a poor month I don't anticipate an early sale.

EDIT: But I would be about £5k net, better off anyway completing just after the tax year ends, as I have already used up my CGT allowance this year (on shares) and also my CGT bill will be about £100k, so if I get to keep that for another year, I can earn off it. So there isn't any hurry to sell.

caronoel

mwpt wrote: »

Untrue, discredited.

Another candidate for the weakest and most pointless post of 2016

mwpt

caronoel wrote: »

Another candidate for the weakest and most pointless post of 2016

I pointed out why it was untrue the last time you regurgitated your spoon fed tripe. You can go back to check those facts if you like.

westernpromise

The Chinese are still keen:

http://www.scmp.com/news/china/money-wealth/article/2041025/60-cent-chinas-richest-people-plan-invest-abroad-and

kabayiri

westernpromise wrote: »

The Chinese are still keen:

http://www.scmp.com/news/china/money-wealth/article/2041025/60-cent-chinas-richest-people-plan-invest-abroad-and

I noticed that too. There's been a lot of Chinese money going into Vancouver, to the point where the value has gone in many places.

A Chinese family I know who have a boat in Vancouver have been looking at Seattle instead.

Suman_Verma

Yes, it is. Maybe people are investing their money on debentures and mutual funds.

michaels

Nationwide yoy down to 4.6% from 5.3%.
http://www.bbc.co.uk/news/business-37844832

Some interesting comments on affordability with mortgage costs as a share of income at historic norm and a la cells they are expensive in London and SE and historically low elsewhere. (Although one factor I think often ignored is the higher the income the smaller the proportion that needs to be spent on non-housing costs).