Housing market?

Crashy_Time

http://www.propertyindustryeye.com/dramatic-slump-in-buy-to-let-lending-blamed-on-government-intervention/


Big slice of the market for average one and two beds gone?

Gwendo40

firely2327 wrote: »

Gwendo40 wrote: »

My house is very realistically priced thanks, its the area. And no, I am not being stubborn, the valuations from estate agents agree. In fact I am asking the very lowest of the end of the range. Its definitely the area.

Are you being serious? If you are your total lack of understanding of how the property market actually functions is quite staggering, the house and the location are intrinsically linked... otherwise a 2 bed house in Kensington would be worth exactly the same as a 2 bed house in Jaywick.

Crashy_Time

Gwendo40 wrote: »

firely2327 wrote: »

Are you being serious? If you are your total lack of understanding of how the property market actually functions is quite staggering, the house and the location are intrinsically linked... otherwise a 2 bed house in Kensington would be worth exactly the same as a 2 bed house in Jaywick.

Good point, the area is actually more important than the house in many ways.

buggy_boy

Crashy_Time wrote: »

http://www.propertyindustryeye.com/dramatic-slump-in-buy-to-let-lending-blamed-on-government-intervention/


Big slice of the market for average one and two beds gone?

Another useless post, everyone is buying BTL within a company structure so its no real surprise..

https://www.ftadviser.com/mortgages/2018/01/18/limited-company-buy-to-let-purchases-outstrip-remortgages/

PokerPlayer111

Cakeguts wrote: »

firely2327 wrote: »

Estate agents don't value they guess based on what else has sold. The only way you can find out a value of a house is when someone buys it.

Very true the EAs have no reason to understand value of the housing market, their line of work is sales not market analysis. Anyone with great skills at market analysis is not wasting their time working as an EA. The EAs will try and claim they understand the market though - to get your business.

Crashy_Time

buggy_boy wrote: »

Another useless post, everyone is buying BTL within a company structure so its no real surprise..

https://www.ftadviser.com/mortgages/2018/01/18/limited-company-buy-to-let-purchases-outstrip-remortgages/

"Everyone"? I seriously doubt that, if the business isn`t viable it just isn`t viable, and lenders will be tight, LTD co. or not IMO.


"At the same time, real rents have fallen 4.4% across the UK, it claimed"


And of course rising rates will push over-leveraged BTL out of the game before they can figure out what a LTD co. is, and of course this is what the PTB are now aiming for

Crashy_Time

PokerPlayer111 wrote: »

Cakeguts wrote: »

Very true the EAs have no reason to understand value of the housing market, their line of work is sales not market analysis. Anyone with great skills at market analysis is not wasting their time working as an EA. The EAs will try and claim they understand the market though - to get your business.

Do you think the general public understand value in the housing market?

PokerPlayer111

Crashy_Time wrote: »

Do you think the general public understand value in the housing market?

No, generally people who understand value in housing probably have a particular talent for that or have worked really hard to improve their knowledge in the area. EA just a sales person, EAs work on being better sales people and general public usually dont understand value of many things tbh.

List_Maker

I!!!8217;ve been keeping an eye on our area [sw, but not big city) and have seen that most 3+ bed house have been on the market 6+ months and have dropped in price 3% every few months. Not much movement in the £250k and upward side of things. I!!!8217;m assuming that in our area a lot of new mortgage approvals are for 5% new build schemes rather than existing homes. Also a lot of these homes would need a lot of modernisation.

Crashy_Time

PokerPlayer111 wrote: »

No, generally people who understand value in housing probably have a particular talent for that or have worked really hard to improve their knowledge in the area. EA just a sales person, EAs work on being better sales people and general public usually dont understand value of many things tbh.

The bankers played a blinder in adjusting most people`s perceptions of "value" in housing up, way up :rotfl:even I have to give them some credit (no pun intended) for that!