How much can house prices keep rising ?

lisyloo

About 16 years from my recollection. could have bought a home in that time.

economic

the more i think about it, the more i think 2017/18 will be like 2010/11 in terms of the london property market. i think next two years will be an excellent time to buy. we have signs of growth, brexit will lead us to being a tax haven (property will be in demand), low rates to be continued for a while, supply constrained.

the key variable that could stop all this is government policy and a general election surprise win by the labour party in 2020 but this is very unlikely.

Crashy_Time

chucknorris wrote: »

I'm not sure if it was ever 'exciting' but it was much more interesting years ago crashy, when I was trying to get to financial independence, but I'm long past the 'job done' stage now.

So you still haven`t found the exit door? Better get a move on before May opens her trap in an hour or so.....:rotfl:

Crashy_Time

economic wrote: »

the more i think about it, the more i think 2017/18 will be like 2010/11 in terms of the london property market. i think next two years will be an excellent time to buy. we have signs of growth, brexit will lead us to being a tax haven (property will be in demand), low rates to be continued for a while, supply constrained.

the key variable that could stop all this is government policy and a general election surprise win by the labour party in 2020 but this is very unlikely.

Bloomberg reckon many banking jobs will leave London, not good (depending on your POV) for the areas you have bought/aspire to buy in.

padington

Crashy_Time wrote: »

Bloomberg reckon many banking jobs will leave London, not good (depending on your POV) for the areas you have bought/aspire to buy in.

They'll open up offices in Europe but in the main drink and live in London. Global world now crashy.

The firms we really want are the ones that make the robots. The number shufflers will get taken over by the robots eventually.

padington

economic wrote: »

the more i think about it, the more i think 2017/18 will be like 2010/11 in terms of the london property market. i think next two years will be an excellent time to buy. we have signs of growth, brexit will lead us to being a tax haven (property will be in demand), low rates to be continued for a while, supply constrained.

the key variable that could stop all this is government policy and a general election surprise win by the labour party in 2020 but this is very unlikely.

That future is highly possible five or ten years down the road. Maybe London like Singapore and more globally attractive.

chucknorris

Crashy_Time wrote: »

So you still haven`t found the exit door? Better get a move on before May opens her trap in an hour or so.....:rotfl:

For the umpteenth time, I don't share your obsession with house prices, income was the driver, not capital growth. We are making over £100k per annum in rental income, and have been doing so even before you first started advising me to sell, not to mention the additional £1m of capital gain since then. Maybe £1m isn't a lot to you, but it is an nice addition to our pension pot, we certainly appreciate nice renters like you providing for our future, many thanks.

That said of course, I have actually started the selling process, I plan to sell 4 properties, including one that is already sold (subject to contract). So probably only 3 to go, and I'm already starting to think about a second sale, it will probably go on the market next January. Although I do have a potential buyer lined up to view one of my other properties (but that would just be a bonus, I haven't got any great expectations).

Going back to your obsession with house prices, I have to ask, why?

Crashy_Time

chucknorris wrote: »

For the umpteenth time, I don't share your obsession with house prices, income was the driver, not capital growth. We are making over £100k per annum in rental income, and have been doing so even before you first started advising me to sell, not to mention the additional £1m of capital gain since then. Maybe £1m isn't a lot to you, but it is an nice addition to our pension pot, we certainly appreciate nice renters like you providing for our future, many thanks.

That said of course, I have actually started the selling process, I plan to sell 4 properties, including one that is already sold (subject to contract). So probably only 3 to go, and I'm already starting to think about a second sale, it will probably go on the market next January. Although I do have a potential buyer lined up to view one of my other properties (but that would just be a bonus, I haven't got any great expectations).

Going back to your obsession with house prices, I have to ask, why?

My point is that before Brexit/Trump/BTL regulation etc. you could have put them all on the market and sold overnight practically, now every little bit of "negative" news, and the latest wild Tweets from Trump etc. chip away at the sentiment of your potential buyers, meaning you have a longer and more stressful process to sell.

Crashy_Time

padington wrote: »

They'll open up offices in Europe but in the main drink and live in London. Global world now crashy.

The firms we really want are the ones that make the robots. The number shufflers will get taken over by the robots eventually.

So in a global world why would you want to live, drink or even make robots in London? The average person on a trading desk all day will just crash in a flat near where they work IMO.

chucknorris

Crashy_Time wrote: »

My point is that before Brexit/Trump/BTL regulation etc. you could have put them all on the market and sold overnight practically, now every little bit of "negative" news, and the latest wild Tweets from Trump chip away at the sentiment of you potential buyers, meaning you have a longer and more stressful process to sell.

Crashy, I'm not focused on house prices, they will be what they will be, I am starting to sell, there isn't any stress at all, in fact, I am enjoying the thought of looking forward to selling them. I am however very focused on share prices, I see a lot of volatility ahead and I want to earn from it.