I've been looking to buy investment properties, but in my area - Surrey/Hampshire borders - property prices are overheating. New developments are being sold out as soon as they come to the market, with a queue of 3 buyers per property in case someone pulls out. There is almost a panic to buy and...
Barratt set to start 110 new sites by June
12 January 2011 | By Iain Withers
Housebuilder’s trading statememt points to boosting margins and controlling costs
Barratt expects to start work on 110 new sites during the next six months, bringing its total number of active sites to 400.
In a...
House prices down a further 3%, says Rightmove
13 December 2010 | By Daniel Thomas
Property website predicts prices could plummet by 5% in 2011
House prices could fall by as much as 5% next year if property repossessions pick up, property website Rightmove warned today.
The gloomy...
Fears grow as autumn house sales flatline
Fears of a second crisis for housebuilders were growing this week after sales data showed that the hoped-for autumn recovery had failed to materialise.
Building understands that confidential weekly sales figures collected by the Home Builders...
1. I know next to nothing about being a BTL Landlord, but surely an "Empire" would have been created over a considerable period of time, when mortgage rates were much higher, but properties were cheaper to buy. Therefore, the rents should have covered the repayments on those mortgages, so...
For FTB, if prices drop, their savings will represent a greater % deposit, ditto with the equity of those wanting to move, albeit their selling price will have reduced. For those with substantial savings who see a dramatic fall as grounds for investment, a mortgage won't be a problem. As you...
House prices will not CRASH, they will FLUCTUATE as they've always done. If there was a sudden sharp drop there would soon be a glut of buyers forcing prices back up again. It's supply and demand, nothing else.
Just for the record, in my post referring to sub-prime 120% mortgages and repossessions, I was citing the US market, which was mainly responsible for lighting the blue touch paper of the "crunch", not the UK.
I said "so should be offering 90% mortgages to FTB who can demonstrate their ability to afford it". The crunch was caused by the Sub-Prime market where 120% mortgages were given to people who clearly couldn't afford it, and ended up being repossessed. Quite a difference
No, I cited a personal example in post #62, based on a FTB property in Worthing. I think that it has to be accepted that the ability to purchase a property will not be within the reach of everyone, it never has been, or towns like Crawley would never have been built.
Having said all that, if I...
The problem is that the "Main Stages of a Bubble" graph does not have calibrated x & y axis, whereas the property price graph does. Manipulation allows a fit "so far". As I said, and demonstrated, in an earlier post, I believe the long term ratio to wages for FTB to be comparable over the last...
If the 2 graphs you posted on the other thread, The Credit Crunch (Visualised) - North Stand Chat ,supposedly, map each other, then the £300k London property will be selling for £25k in a couple of years. In that case, I and anyone else with savings will be buying properties for cash, Rachman...
Brighton is unusual because of the historical low level of new build, houses, in particular, therefore the ratio of available property to an increasing population is continually reducing. Demand will always outstrip supply, keeping prices high. I didn't buy my first house in Worthing through...
Have a look at this website - Historical UK Inflation Price Conversion
I bought my first house, a brand new property, in Chesley Close, Durrington for £11k in 1980. I was an Assistant QS at the time earning £2.4k pa. I had £1k deposit and struggled the pay the mortgage of £90/month. I've just...