Home sales rise but slowdown expected next year
10/12/2020 | news | business | 98
Demand from buyers is "losing a bit of steam" in some areas of the UK, surveyors report.
1
10/12/2020 10:08:22 6 2
bbc
Does anybody except those with multiple houses still think house prices rising are a good thing?
4
10/12/2020 10:17:49 1 4
bbc
Does anybody think putting a biased nick is a good thing?
57
10/12/2020 13:51:56 1 1
bbc
For goodness sake does anyone actually look at the 20 year charts from the three big sources to see that this is the biggest myth out there because theyve actually gone up just 2.8% per annum on ave. over last twenty years...folks and our nation has a positive INFLATION TARGET for good economic reasons..2%.
We do not have extraordinary house prices stop building the myth !!!
2
10/12/2020 10:14:21 8 1
bbc
The only part of the economy that is racing ahead - time to look at the Tax rules here to pay for Rishi's COVID spending.

Capital Gains Tax, Land Value Tax, Council Tax - I won't be surprised if all are 'reviewed'.

If you want to avoid them - sell now, sell quick
37
10/12/2020 12:46:54 5 0
bbc
Yep.
Capital Gains Tax
Land Value Tax
Council Tax
Corporation Tax
Inheritance Tax
Tax Relief on pension additional voluntary contributions will reduce.
State pension age will go up to 70+ before drawdown and will be brought forward.

The real issue is that this will kick in tgen Labour will get in again!
40
10/12/2020 12:53:28 0 0
bbc
How does selling ensure you avoid cancel tax? You have to live somewhere and pay the same tax.
73
10/12/2020 15:04:54 0 0
bbc
Why do you think the debt is / was so high before C19, it was keeping House & Share prices rolling on up, at any cost
3
10/12/2020 10:15:03 20 4
bbc
Buyers are realizing that he Conservative government's Help to 'Sell' and SDLT holiday's are simply putting up asking prices from vendors and the house building industry! The economic portents are poor...Covid-19, unemployment and Brexit...the house price Ponzi scheme is poised for collapse. The Tories are always propping up their donors in the industry at the expense of young first time buyers!
11
10/12/2020 10:21:39 14 3
bbc
So is voting labour a better option? They voted to abolish border controls meaning the flood gates would open to millions, thereby pushing prices up further.
48
10/12/2020 13:01:03 2 0
bbc
New Tory kept that train running and added more steam.
No wonder Phony Tony Tory Blair went on to work for JP Morgan and a big landlord. Who'ed of thunk it.
1
10/12/2020 10:08:22 6 2
bbc
Does anybody except those with multiple houses still think house prices rising are a good thing?
4
10/12/2020 10:17:49 1 4
bbc
Does anybody think putting a biased nick is a good thing?
38
10/12/2020 12:47:58 0 0
bbc
Rishi does, he's got 12 houses. He probably has more but is a born liar.
5
10/12/2020 10:19:24 27 0
bbc
Same style article with housing from the BBC, prices are going up now but they will drop in the coming year. In reality they keep going up so that people under 30 will never be able to save a deposit let alone pay a mortgage, Generations stuck in a rent only market. If this continues 10% of the population will own 100% of the property. Changes are needed fast, house prices are out of control.
8
Bob
10/12/2020 10:40:31 10 1
bbc
Part of the issue is the type of properties that are pushing the average up.

It will vary by region of course, but in most regions if you look at Land Registry data, who kindly provide breakdowns, it shows first time buyer pricing has barely moved.

The price rises here are more isolated to larger properties who gain from stamp duty benefit and lockdown urban exodus demand.
17
10/12/2020 10:50:03 4 4
bbc
A house in Central London - no. But most people with jobs can afford a small studio in M25 area. Maybe lowering expectations could be the way forward...
56
10/12/2020 13:46:51 0 4
bbc
Prices NOT out of control Absolute nonsense . Pull up the charts for the last 20 years .O.N.S. OR. Halifax OR..Nationwide all show basically the same..just 2.8% average per annum up. ..and perhaps you dont know that a bit of inflation is considered a good thing in a westernised democracy.Which is why U.K Gov. and B. of E. have a target for it of 2% per annum. You seem to prefer your own myths.
92
11/12/2020 07:30:35 0 1
bbc
House Builders deliberately build less than is needed to keep prices of low quality new builds high with the approval of HM Government. House Builders also sit on huge land banks doing nothing.
We need to force the builders to only build social housing for a few years & not 4/5 bedroom executive houses.
Also, our housing standards are shockingly poor, to allow builders to rake in yet more profits.
6
10/12/2020 10:23:46 20 3
bbc
The effects of QE can be seen on the average price graph !
The govt and BoE protecting the boomers at all costs
10
10/12/2020 10:47:36 3 1
bbc
While protecting themselves simultaneously.. ?

Not sure the boomers asked for QE but the Unicorns sure need it !!
25
10/12/2020 11:39:10 2 0
bbc
Protecting banks, share prices and MP's more like
7
10/12/2020 10:35:52 6 0
bbc
Flats/apartments in the area I live in (a part of Surrey) have seen a 25% DROP in price over the last four years! The help to buy regime has promoted 'NEW' buys at the expense of the second hand market as these are the ones that only need the 5% deposit.

Can only speak from experience but not then easy to move on.
43
10/12/2020 12:56:46 6 0
bbc
Thats because the price of new "luxury" apartments are extortionately priced in the first place.
5
10/12/2020 10:19:24 27 0
bbc
Same style article with housing from the BBC, prices are going up now but they will drop in the coming year. In reality they keep going up so that people under 30 will never be able to save a deposit let alone pay a mortgage, Generations stuck in a rent only market. If this continues 10% of the population will own 100% of the property. Changes are needed fast, house prices are out of control.
8
Bob
10/12/2020 10:40:31 10 1
bbc
Part of the issue is the type of properties that are pushing the average up.

It will vary by region of course, but in most regions if you look at Land Registry data, who kindly provide breakdowns, it shows first time buyer pricing has barely moved.

The price rises here are more isolated to larger properties who gain from stamp duty benefit and lockdown urban exodus demand.
9
10/12/2020 10:16:47 5 7
bbc
By this time next year there will be a further 400,000 nett increase in our population due to the world's poorest settling here. This will ensure rents and property values continue to go up on the basis of supply and demand. Those expecting prices to fall will be disappointed. Each year is worse then the previous year due to our open borders.
12
10/12/2020 10:51:19 4 2
bbc
No. The magic of Brexit will stop them all and give us only immigrants that can speak perfect English and pay us for the privilege of being here.

I would've shown you the leaflet but I ran out of toilet paper in March
18
10/12/2020 11:21:18 2 2
bbc
I do enjoy the pro-migration arguments.

(1). They do not take jobs from Brits (lump of labour fallacy) as each new arrival generates another job in servicing their needs.

(2). We need to import 300,000 a year to do jobs (and ignoring that these 300K will generate another 300k vacancies per (1) above).

Both ignore the externalities re housing.
23
10/12/2020 11:36:14 1 1
bbc
But aren't they supposed to be " vital to the economy" ha ha.
6
10/12/2020 10:23:46 20 3
bbc
The effects of QE can be seen on the average price graph !
The govt and BoE protecting the boomers at all costs
10
10/12/2020 10:47:36 3 1
bbc
While protecting themselves simultaneously.. ?

Not sure the boomers asked for QE but the Unicorns sure need it !!
3
10/12/2020 10:15:03 20 4
bbc
Buyers are realizing that he Conservative government's Help to 'Sell' and SDLT holiday's are simply putting up asking prices from vendors and the house building industry! The economic portents are poor...Covid-19, unemployment and Brexit...the house price Ponzi scheme is poised for collapse. The Tories are always propping up their donors in the industry at the expense of young first time buyers!
11
10/12/2020 10:21:39 14 3
bbc
So is voting labour a better option? They voted to abolish border controls meaning the flood gates would open to millions, thereby pushing prices up further.
29
10/12/2020 12:02:04 1 2
bbc
ah the pathetic TINA argument. You hold those IN POWER to account, that's how democracy works.
69
10/12/2020 14:43:44 1 2
bbc
"So is voting labour a better option?"

Neeeeh neeeh n-n-neeeh-neeeh

PATHETIC.

Most people are sick of both/all ? of your loser political tribes.
9
10/12/2020 10:16:47 5 7
bbc
By this time next year there will be a further 400,000 nett increase in our population due to the world's poorest settling here. This will ensure rents and property values continue to go up on the basis of supply and demand. Those expecting prices to fall will be disappointed. Each year is worse then the previous year due to our open borders.
12
10/12/2020 10:51:19 4 2
bbc
No. The magic of Brexit will stop them all and give us only immigrants that can speak perfect English and pay us for the privilege of being here.

I would've shown you the leaflet but I ran out of toilet paper in March
19
10/12/2020 11:22:19 3 0
bbc
After Brexit the UK government has full control of immigration (and it had zero control of FOM numbers) - the electorate can now make their opinions heard.
22
10/12/2020 11:35:18 3 0
bbc
More than 500,000 Hongkonger's will be next year hunting for large houses. Big rise again next year.
13
10/12/2020 11:00:35 7 3
bbc
Crashing soon................warning !!!!!!!!!!!
14
10/12/2020 11:03:22 10 0
bbc
It’s the lenders mortgage book that’s being protected, almost at all costs. I don’t think a repossession has been reported in decades.
15
10/12/2020 11:05:13 7 0
bbc
Working from home with my budgie (Gary)

Thank goodness I have a dedicated office space looking out over fields.

Strong demand for houses like mine with WFH here to stay

Can't imagine WFH in a cramped flat in a city.
76
10/12/2020 15:57:42 1 0
bbc
And that's borne out in the figures that show starter homes as barely making any movement in price. At the lowest end of the market if it's cheap enough it sells. These prices are being driven one or two rungs up from there.
Too much stuff all being bought up by ....... " buy to let" landlords and many of these reside over seas.

So you can pay rent to your landlord who is Fu Man Chu living in China ..that can't be right can it
Removed
5
10/12/2020 10:19:24 27 0
bbc
Same style article with housing from the BBC, prices are going up now but they will drop in the coming year. In reality they keep going up so that people under 30 will never be able to save a deposit let alone pay a mortgage, Generations stuck in a rent only market. If this continues 10% of the population will own 100% of the property. Changes are needed fast, house prices are out of control.
17
10/12/2020 10:50:03 4 4
bbc
A house in Central London - no. But most people with jobs can afford a small studio in M25 area. Maybe lowering expectations could be the way forward...
9
10/12/2020 10:16:47 5 7
bbc
By this time next year there will be a further 400,000 nett increase in our population due to the world's poorest settling here. This will ensure rents and property values continue to go up on the basis of supply and demand. Those expecting prices to fall will be disappointed. Each year is worse then the previous year due to our open borders.
18
10/12/2020 11:21:18 2 2
bbc
I do enjoy the pro-migration arguments.

(1). They do not take jobs from Brits (lump of labour fallacy) as each new arrival generates another job in servicing their needs.

(2). We need to import 300,000 a year to do jobs (and ignoring that these 300K will generate another 300k vacancies per (1) above).

Both ignore the externalities re housing.
12
10/12/2020 10:51:19 4 2
bbc
No. The magic of Brexit will stop them all and give us only immigrants that can speak perfect English and pay us for the privilege of being here.

I would've shown you the leaflet but I ran out of toilet paper in March
19
10/12/2020 11:22:19 3 0
bbc
After Brexit the UK government has full control of immigration (and it had zero control of FOM numbers) - the electorate can now make their opinions heard.
20
10/12/2020 11:28:35 4 2
bbc
Ssh apparently Armageddon is on the horizon, yet house prices continue their rise, music to the ears of the BOE, Bankers, Government, Property Developers & Landlords.

Of course it is happening
£1,000,000,000,000 + in QE, TFS, TFSE
£30,000,000,000 + Help to Buy or Help To Profit as known by Property Developers
£50,000,000,000+ foreign investment
£12,000,000,000+ p.a. Housing Benefit for Landlords
21
10/12/2020 11:31:16 3 5
bbc
It's funny - landlords get lambasted when they won't accept tenants on benefits ..... then get lambasted when they do.

The benefit goes to the tenant in that they get to rent somewhere better/closer than they otherwise would do.
41
10/12/2020 12:53:28 0 0
bbc
Armageddon for some (the usual, low paid/unsecure workers) but not others - middle classes have actually saved/made money by not having to commute & investing those savings. Those same middle classes are fueling house prices as their affordability/mortgage just went up & their willingness to commute further less days a week opened up larger areas of traditionally lower cost housing as an option
20
10/12/2020 11:28:35 4 2
bbc
Ssh apparently Armageddon is on the horizon, yet house prices continue their rise, music to the ears of the BOE, Bankers, Government, Property Developers & Landlords.

Of course it is happening
£1,000,000,000,000 + in QE, TFS, TFSE
£30,000,000,000 + Help to Buy or Help To Profit as known by Property Developers
£50,000,000,000+ foreign investment
£12,000,000,000+ p.a. Housing Benefit for Landlords
21
10/12/2020 11:31:16 3 5
bbc
It's funny - landlords get lambasted when they won't accept tenants on benefits ..... then get lambasted when they do.

The benefit goes to the tenant in that they get to rent somewhere better/closer than they otherwise would do.
42
10/12/2020 12:54:03 1 1
bbc
Landlords refuse benefit claimants.
I.E. those on JSA, UC etc.
The majority amount of money paid to Landlords in Housing Benefit comes from "In Work Benefits" in other words subsidy.
But you knew that didn't you?
12
10/12/2020 10:51:19 4 2
bbc
No. The magic of Brexit will stop them all and give us only immigrants that can speak perfect English and pay us for the privilege of being here.

I would've shown you the leaflet but I ran out of toilet paper in March
22
10/12/2020 11:35:18 3 0
bbc
More than 500,000 Hongkonger's will be next year hunting for large houses. Big rise again next year.
9
10/12/2020 10:16:47 5 7
bbc
By this time next year there will be a further 400,000 nett increase in our population due to the world's poorest settling here. This will ensure rents and property values continue to go up on the basis of supply and demand. Those expecting prices to fall will be disappointed. Each year is worse then the previous year due to our open borders.
23
10/12/2020 11:36:14 1 1
bbc
But aren't they supposed to be " vital to the economy" ha ha.
24
10/12/2020 11:38:23 13 3
bbc
I wish the BBC would expand their average house price graph to cover the period 1997 to 2006 when prices tripled under New Labour.
67
10/12/2020 14:42:08 2 7
bbc
1997 to 2006 .....

14 - 23 years ago.

I didn't realise that Boris was so bad that you fanboys needed to try and distract peoples attention with something that happened 2 decades ago.

Do you have a tardis people can use to go back and sort it out ?
6
10/12/2020 10:23:46 20 3
bbc
The effects of QE can be seen on the average price graph !
The govt and BoE protecting the boomers at all costs
25
10/12/2020 11:39:10 2 0
bbc
Protecting banks, share prices and MP's more like
26
10/12/2020 11:45:14 17 1
bbc
Estate agents still trying to talk prices up. Perhaps if they operated on a flat fee rather than percentage we wouldn't see that?
27
Bob
10/12/2020 11:48:03 9 0
bbc
The comments in the RICS survey from those with vested interested in rising prices are always amusing. Last month some were openly calling for stamp duty exemption to be extended so the trend can continue. They also talk up the market even if the data doesn't back it up. So many claiming record transaction levels yet it isn't showing in Land Registry data.
70
10/12/2020 14:47:43 0 0
bbc
Estate agents do the very opposite.

They don't care if you lose 2-5% on the sale of your house .. because 2% of 2% isn't very much at all.

But 2% of £300 000 is quite a lot .. and a bird in the hand is worth two in the bush.
26
10/12/2020 11:45:14 17 1
bbc
Estate agents still trying to talk prices up. Perhaps if they operated on a flat fee rather than percentage we wouldn't see that?
27
Bob
10/12/2020 11:48:03 9 0
bbc
The comments in the RICS survey from those with vested interested in rising prices are always amusing. Last month some were openly calling for stamp duty exemption to be extended so the trend can continue. They also talk up the market even if the data doesn't back it up. So many claiming record transaction levels yet it isn't showing in Land Registry data.
39
10/12/2020 12:49:40 0 0
bbc
Land registry data tends to lag behind actual transactions (Like every Gov Body they are slow as!) its why the Building Society and RICS data is a useful indication of current happenings.

As for talking prices up they aren't. They are merely pointing out that come the new year sales will likely drop off as there wont be enough time to complete the transaction before the SDLT holiday ends.
28
10/12/2020 11:58:10 3 3
bbc
Another "yeah, but" article from the BBC. They have been telling us for years that house prices and sales are going to crash, working on the theory that even a stopped clock is right twice a day.

Give it a rest with the doom-mongering.
30
10/12/2020 12:03:47 4 2
bbc
you really should find soemwhere else to watch and then you would not have to critise the bbc every day
11
10/12/2020 10:21:39 14 3
bbc
So is voting labour a better option? They voted to abolish border controls meaning the flood gates would open to millions, thereby pushing prices up further.
29
10/12/2020 12:02:04 1 2
bbc
ah the pathetic TINA argument. You hold those IN POWER to account, that's how democracy works.
28
10/12/2020 11:58:10 3 3
bbc
Another "yeah, but" article from the BBC. They have been telling us for years that house prices and sales are going to crash, working on the theory that even a stopped clock is right twice a day.

Give it a rest with the doom-mongering.
30
10/12/2020 12:03:47 4 2
bbc
you really should find soemwhere else to watch and then you would not have to critise the bbc every day
31
10/12/2020 12:25:53 13 2
bbc
House price rises of 12x the average CPI/RPI is unsustainable and eventually it is going to crash and burn like never seen before. Give it 5 years and many many thousands will be in negative equity when this steamroller finally stalls - and it will! So glad my mortgage is paid off
36
10/12/2020 12:45:31 4 4
bbc
With continuing demand & lack of supply house prices are unlikely to dramatically reduce.

As for negative equity, that s fine, as long as you can keep up with mortgage payments.

Surprised your glad your mortgage is paid off? Means you have all your investment in an asset you expect the price to drop on?!
86
10/12/2020 19:30:17 0 0
bbc
Then we will get the sob stories and how they were encouraged by others to stretch themselves - and how it's not their faiult - and they deserve compensation
32
10/12/2020 12:31:54 4 1
bbc
But my Estate agent said things are booming.

Everyone knows estate agents don't make things up! :-)
33
10/12/2020 12:39:33 2 1
bbc
Here in Hereford I've seen one board in the last month where a house hasn't gone on to have a sold sticker put on top. They go in days. I'm shocked that it's been this busy.
And as I'm in the building industry on the supply side it's been as busy run-up to Christmas as I can remember in 30 years of work.
34
10/12/2020 12:40:00 18 3
bbc
Don't worry about falling house prices. I think the UK Government would rather experience full scale Nuclear War or worldwide famine than allow the housing market to correct itself and for honest Joes to get houses at honest prices.
35
10/12/2020 12:42:36 11 2
bbc
Mainly because the Gov has directly invested £10 BILLION and counting directly into the housing market through Help to Buy. They have a vested interest in house prices rising.
34
10/12/2020 12:40:00 18 3
bbc
Don't worry about falling house prices. I think the UK Government would rather experience full scale Nuclear War or worldwide famine than allow the housing market to correct itself and for honest Joes to get houses at honest prices.
35
10/12/2020 12:42:36 11 2
bbc
Mainly because the Gov has directly invested £10 BILLION and counting directly into the housing market through Help to Buy. They have a vested interest in house prices rising.
54
10/12/2020 13:31:57 2 0
bbc
good observation, thank you.
72
10/12/2020 15:01:08 0 2
bbc
Add about Half A Dozen Zero's on and you will be a lot nearer the figure
31
10/12/2020 12:25:53 13 2
bbc
House price rises of 12x the average CPI/RPI is unsustainable and eventually it is going to crash and burn like never seen before. Give it 5 years and many many thousands will be in negative equity when this steamroller finally stalls - and it will! So glad my mortgage is paid off
36
10/12/2020 12:45:31 4 4
bbc
With continuing demand & lack of supply house prices are unlikely to dramatically reduce.

As for negative equity, that s fine, as long as you can keep up with mortgage payments.

Surprised your glad your mortgage is paid off? Means you have all your investment in an asset you expect the price to drop on?!
64
10/12/2020 14:39:09 1 0
bbc
Maybe I lose some equity in my 'bricks and mortar' but still got something valued more than my total mortgage payments were. I don't have to worry about losing my house nor do I have plans to move so can sit tightly. I just feel sorry for all those who will never ever ever be able to afford a house of their own due to all the greed and false economy housing has given us in the last 10 years or so
2
10/12/2020 10:14:21 8 1
bbc
The only part of the economy that is racing ahead - time to look at the Tax rules here to pay for Rishi's COVID spending.

Capital Gains Tax, Land Value Tax, Council Tax - I won't be surprised if all are 'reviewed'.

If you want to avoid them - sell now, sell quick
37
10/12/2020 12:46:54 5 0
bbc
Yep.
Capital Gains Tax
Land Value Tax
Council Tax
Corporation Tax
Inheritance Tax
Tax Relief on pension additional voluntary contributions will reduce.
State pension age will go up to 70+ before drawdown and will be brought forward.

The real issue is that this will kick in tgen Labour will get in again!
4
10/12/2020 10:17:49 1 4
bbc
Does anybody think putting a biased nick is a good thing?
38
10/12/2020 12:47:58 0 0
bbc
Rishi does, he's got 12 houses. He probably has more but is a born liar.
27
Bob
10/12/2020 11:48:03 9 0
bbc
The comments in the RICS survey from those with vested interested in rising prices are always amusing. Last month some were openly calling for stamp duty exemption to be extended so the trend can continue. They also talk up the market even if the data doesn't back it up. So many claiming record transaction levels yet it isn't showing in Land Registry data.
39
10/12/2020 12:49:40 0 0
bbc
Land registry data tends to lag behind actual transactions (Like every Gov Body they are slow as!) its why the Building Society and RICS data is a useful indication of current happenings.

As for talking prices up they aren't. They are merely pointing out that come the new year sales will likely drop off as there wont be enough time to complete the transaction before the SDLT holiday ends.
2
10/12/2020 10:14:21 8 1
bbc
The only part of the economy that is racing ahead - time to look at the Tax rules here to pay for Rishi's COVID spending.

Capital Gains Tax, Land Value Tax, Council Tax - I won't be surprised if all are 'reviewed'.

If you want to avoid them - sell now, sell quick
40
10/12/2020 12:53:28 0 0
bbc
How does selling ensure you avoid cancel tax? You have to live somewhere and pay the same tax.
20
10/12/2020 11:28:35 4 2
bbc
Ssh apparently Armageddon is on the horizon, yet house prices continue their rise, music to the ears of the BOE, Bankers, Government, Property Developers & Landlords.

Of course it is happening
£1,000,000,000,000 + in QE, TFS, TFSE
£30,000,000,000 + Help to Buy or Help To Profit as known by Property Developers
£50,000,000,000+ foreign investment
£12,000,000,000+ p.a. Housing Benefit for Landlords
41
10/12/2020 12:53:28 0 0
bbc
Armageddon for some (the usual, low paid/unsecure workers) but not others - middle classes have actually saved/made money by not having to commute & investing those savings. Those same middle classes are fueling house prices as their affordability/mortgage just went up & their willingness to commute further less days a week opened up larger areas of traditionally lower cost housing as an option
49
10/12/2020 13:03:00 2 1
bbc
And benefited massively in QE thanks to BOE
21
10/12/2020 11:31:16 3 5
bbc
It's funny - landlords get lambasted when they won't accept tenants on benefits ..... then get lambasted when they do.

The benefit goes to the tenant in that they get to rent somewhere better/closer than they otherwise would do.
42
10/12/2020 12:54:03 1 1
bbc
Landlords refuse benefit claimants.
I.E. those on JSA, UC etc.
The majority amount of money paid to Landlords in Housing Benefit comes from "In Work Benefits" in other words subsidy.
But you knew that didn't you?
59
10/12/2020 14:17:09 2 2
bbc
That money paid from in-work benefits is paid to the worker, not the landlord. It is the worker who derives the benefit of more money to get a better/closer rental.
7
10/12/2020 10:35:52 6 0
bbc
Flats/apartments in the area I live in (a part of Surrey) have seen a 25% DROP in price over the last four years! The help to buy regime has promoted 'NEW' buys at the expense of the second hand market as these are the ones that only need the 5% deposit.

Can only speak from experience but not then easy to move on.
43
10/12/2020 12:56:46 6 0
bbc
Thats because the price of new "luxury" apartments are extortionately priced in the first place.
44
10/12/2020 12:57:15 27 3
bbc
I have agreed a sale and purchase and will be moving early next year. I expect the value on my new house to fall over the next 2 years due to Covid and rising unemployment but it's my home not an investment. I hope to enjoy the property for 20+ years and don't care if worth less in 2 years time. I hope the fall in house prices will help the younger generation get on the property ladder.
45
10/12/2020 12:57:25 7 2
bbc
They are way above the 2008 Crash due to unsustainable mortgage multiples etc.
But we have had over a decade of real pay deflation or stagnation at best and now well above that "unsustainable level".

Yet both the government and BOE insist on keeping the merrygoround going at all costs.
51
10/12/2020 13:12:50 4 2
bbc
BoE have limited lending to 4.5 x income since 2014 & all lending has to be stress tested at 5.5% interest rate of higher so lending has been very sustainable (far more so than pre-2008) for 6 years or so.
53
10/12/2020 13:30:40 0 2
bbc
You are completely incorrect on both points.Lenders now actually "stress-test" applicants ability to pay on what is effectively the highest ever formula since it is several times BEYOND actual current mortgage rates. Pay has risen in recent years. Like many others you also have an incorrect view of house prices. Over last 20 years theyve averaged 2.8% per annum THATS ALL.
46
10/12/2020 12:58:07 7 2
bbc
Where to start?! Prices are mainly being fueled by professionals that have WfH throughout Covid & who have saved as a result (no commute etc.), increasing their affordability/mortgage. They can also now buy in areas of normally lower price because they will likely only be commuting a couple of times a week so don't mind traveling further. Affordability has been increased further by SDLT holiday.
47
10/12/2020 13:00:54 5 2
bbc
Number of sales is likely to reduce significantly in the new year as buyers will not be able to get purchases completed before the end of the SDLT Holiday

Prices will remain high because - who would sell while in negative equity unless they had to & as mentioned, those buying are in relatively secure, higher paid jobs so they will be able to cope with the mortgage payments.
46
10/12/2020 12:58:07 7 2
bbc
Where to start?! Prices are mainly being fueled by professionals that have WfH throughout Covid & who have saved as a result (no commute etc.), increasing their affordability/mortgage. They can also now buy in areas of normally lower price because they will likely only be commuting a couple of times a week so don't mind traveling further. Affordability has been increased further by SDLT holiday.
47
10/12/2020 13:00:54 5 2
bbc
Number of sales is likely to reduce significantly in the new year as buyers will not be able to get purchases completed before the end of the SDLT Holiday

Prices will remain high because - who would sell while in negative equity unless they had to & as mentioned, those buying are in relatively secure, higher paid jobs so they will be able to cope with the mortgage payments.
50
10/12/2020 13:06:58 0 0
bbc
& since 2014 BoE rules have required that all but 15% of lending be limited to max 4.5 x income & for ALL lending (even if you take a fixed rate mortgage at say 2%) to be stress tested as if you were paying 5.5% interest. Lending is therebefore generally far more affordable than in 2008

Oh & the Gov have £10 Billion & counting directly invested in houses via Help to Buy so have a vested interest
3
10/12/2020 10:15:03 20 4
bbc
Buyers are realizing that he Conservative government's Help to 'Sell' and SDLT holiday's are simply putting up asking prices from vendors and the house building industry! The economic portents are poor...Covid-19, unemployment and Brexit...the house price Ponzi scheme is poised for collapse. The Tories are always propping up their donors in the industry at the expense of young first time buyers!
48
10/12/2020 13:01:03 2 0
bbc
New Tory kept that train running and added more steam.
No wonder Phony Tony Tory Blair went on to work for JP Morgan and a big landlord. Who'ed of thunk it.
41
10/12/2020 12:53:28 0 0
bbc
Armageddon for some (the usual, low paid/unsecure workers) but not others - middle classes have actually saved/made money by not having to commute & investing those savings. Those same middle classes are fueling house prices as their affordability/mortgage just went up & their willingness to commute further less days a week opened up larger areas of traditionally lower cost housing as an option
49
10/12/2020 13:03:00 2 1
bbc
And benefited massively in QE thanks to BOE
47
10/12/2020 13:00:54 5 2
bbc
Number of sales is likely to reduce significantly in the new year as buyers will not be able to get purchases completed before the end of the SDLT Holiday

Prices will remain high because - who would sell while in negative equity unless they had to & as mentioned, those buying are in relatively secure, higher paid jobs so they will be able to cope with the mortgage payments.
50
10/12/2020 13:06:58 0 0
bbc
& since 2014 BoE rules have required that all but 15% of lending be limited to max 4.5 x income & for ALL lending (even if you take a fixed rate mortgage at say 2%) to be stress tested as if you were paying 5.5% interest. Lending is therebefore generally far more affordable than in 2008

Oh & the Gov have £10 Billion & counting directly invested in houses via Help to Buy so have a vested interest
45
10/12/2020 12:57:25 7 2
bbc
They are way above the 2008 Crash due to unsustainable mortgage multiples etc.
But we have had over a decade of real pay deflation or stagnation at best and now well above that "unsustainable level".

Yet both the government and BOE insist on keeping the merrygoround going at all costs.
51
10/12/2020 13:12:50 4 2
bbc
BoE have limited lending to 4.5 x income since 2014 & all lending has to be stress tested at 5.5% interest rate of higher so lending has been very sustainable (far more so than pre-2008) for 6 years or so.
52
10/12/2020 13:13:53 4 2
bbc
It's only two weeks to Xmas - what do they expect to happen to the housing market?
Idiots.
45
10/12/2020 12:57:25 7 2
bbc
They are way above the 2008 Crash due to unsustainable mortgage multiples etc.
But we have had over a decade of real pay deflation or stagnation at best and now well above that "unsustainable level".

Yet both the government and BOE insist on keeping the merrygoround going at all costs.
53
10/12/2020 13:30:40 0 2
bbc
You are completely incorrect on both points.Lenders now actually "stress-test" applicants ability to pay on what is effectively the highest ever formula since it is several times BEYOND actual current mortgage rates. Pay has risen in recent years. Like many others you also have an incorrect view of house prices. Over last 20 years theyve averaged 2.8% per annum THATS ALL.
60
10/12/2020 14:19:08 1 0
bbc
Your data is wrong.
https://www.ons.gov.uk/peoplepopulationandcommunity/housing/datasets/ratioofhousepricetoresidencebasedearningslowerquartileandmedian
Median house prices in 2002 £106k, in 2019 £240k, rise 7.4% pa over 17 yrs

2002 Median house price to median income ratio 5.91 - in 2019 its 7.83

Get some facts Michael before you spout more nonsense. homeowners desperate to talk the price up
35
10/12/2020 12:42:36 11 2
bbc
Mainly because the Gov has directly invested £10 BILLION and counting directly into the housing market through Help to Buy. They have a vested interest in house prices rising.
54
10/12/2020 13:31:57 2 0
bbc
good observation, thank you.
55
10/12/2020 13:43:29 11 0
bbc
The Halifax says the average property price has risen by more than £15,000 since June!! Tell me who can keep up with THAT treadmill? This is why kids can't afford to move out, and don't blame the baby boomer parents.
5
10/12/2020 10:19:24 27 0
bbc
Same style article with housing from the BBC, prices are going up now but they will drop in the coming year. In reality they keep going up so that people under 30 will never be able to save a deposit let alone pay a mortgage, Generations stuck in a rent only market. If this continues 10% of the population will own 100% of the property. Changes are needed fast, house prices are out of control.
56
10/12/2020 13:46:51 0 4
bbc
Prices NOT out of control Absolute nonsense . Pull up the charts for the last 20 years .O.N.S. OR. Halifax OR..Nationwide all show basically the same..just 2.8% average per annum up. ..and perhaps you dont know that a bit of inflation is considered a good thing in a westernised democracy.Which is why U.K Gov. and B. of E. have a target for it of 2% per annum. You seem to prefer your own myths.
1
10/12/2020 10:08:22 6 2
bbc
Does anybody except those with multiple houses still think house prices rising are a good thing?
57
10/12/2020 13:51:56 1 1
bbc
For goodness sake does anyone actually look at the 20 year charts from the three big sources to see that this is the biggest myth out there because theyve actually gone up just 2.8% per annum on ave. over last twenty years...folks and our nation has a positive INFLATION TARGET for good economic reasons..2%.
We do not have extraordinary house prices stop building the myth !!!
58
10/12/2020 14:12:02 9 5
bbc
I predict that house prices will come down by 10-15% next year. Only an idiot would buy a house right now. You save SDLT but pay £30k extra on the price. Furlough has protected a lot of people. Now we have to repay that debt. SDLT bubble stops and house prices always fall in a recession.

House prices are too high. They're already about 8x median income. Negative equity here we come again
77
10/12/2020 16:17:41 2 1
bbc
agree. Zoople many recent reductions confirms the trend has begun.............
85
10/12/2020 19:27:07 1 0
bbc
Wait for the stories on the BBC about the poor people who saved on stamp duty but are now in negative equity - because they stretched themselves given less stamp duty to pay....I can hear them now - all wanting another Govt bail-out
94
11/12/2020 09:09:28 0 0
bbc
Ave house price rise 2.8% P/A over last 20 years. Read big 3s charts correctly. Your comment" house prices are too high" has no fact behind it. Apply the accepted definition of recession & your comment about house prices there is also incorrect. Indeed it is also incorrect in this one. Your 30k also way off the mark since they have allegedly risen only 6%. Check facts & maths cut the myth
98
11/12/2020 15:42:14 0 0
bbc
Sorry but your predicition is worthless. Plenty of far more experienced property people not expecting a drop at all.

The difference between £30k SDLT and £30k extra on the price you need the £30k upfront for SDLT whilst your can spread the £30k extra on the price over the period of the mortgage.

Though that costs more in the long run it allows people to move now rather than saving more cash.
42
10/12/2020 12:54:03 1 1
bbc
Landlords refuse benefit claimants.
I.E. those on JSA, UC etc.
The majority amount of money paid to Landlords in Housing Benefit comes from "In Work Benefits" in other words subsidy.
But you knew that didn't you?
59
10/12/2020 14:17:09 2 2
bbc
That money paid from in-work benefits is paid to the worker, not the landlord. It is the worker who derives the benefit of more money to get a better/closer rental.
71
10/12/2020 14:59:29 1 1
bbc
Seriously
If no Housing Benefit No Rent paid
53
10/12/2020 13:30:40 0 2
bbc
You are completely incorrect on both points.Lenders now actually "stress-test" applicants ability to pay on what is effectively the highest ever formula since it is several times BEYOND actual current mortgage rates. Pay has risen in recent years. Like many others you also have an incorrect view of house prices. Over last 20 years theyve averaged 2.8% per annum THATS ALL.
60
10/12/2020 14:19:08 1 0
bbc
Your data is wrong.
https://www.ons.gov.uk/peoplepopulationandcommunity/housing/datasets/ratioofhousepricetoresidencebasedearningslowerquartileandmedian
Median house prices in 2002 £106k, in 2019 £240k, rise 7.4% pa over 17 yrs

2002 Median house price to median income ratio 5.91 - in 2019 its 7.83

Get some facts Michael before you spout more nonsense. homeowners desperate to talk the price up
61
10/12/2020 14:23:12 7 4
bbc
SAME SAME .

IMO prices will continue to rise as long as people need somewhere to live.

The UK has 2 choices which it refuses to make:

Build a lot more houses (Increase supply)
OR
Stop people Breeding (reduce demand)

Both options unacceptable for different reasons to most people. So House prices go up. It has been like this since the 80's when council house building stopped.
78
10/12/2020 17:26:51 7 2
bbc
When you say "stop breeding people" why don't you consider "stop importing people" - around 75% of our annual population growth over the past couple of decades has been immigration-driven - 250,000 net migrants pa and 200,000 kids born to migrant mothers pa (around 30% of all kids born in the UK).
62
10/12/2020 14:32:31 3 1
bbc
House prices are on a long term rising trend due to the factors pointed out by Kevin. But they also always drop in a recession, so they are cyclical and gradually recover and increase.

2021 is going to be the year of the drop, so hang on, hold your nerve and buy next year. The end of furlough, combined with a wave of job cuts, Brexit chaos etc will pop the trend for a while. I'm fine with that
68
10/12/2020 14:42:27 5 5
bbc
It was supposed to be this year.

Why will they drop next year? The vaccine hopefully will be the end most of our Covid worries with pent up demand creating another economic boom...
83
10/12/2020 19:24:34 0 0
bbc
You forgot about Govt poking their nose in to prop it up
93
11/12/2020 08:57:58 0 0
bbc
People pop up in more difficult years advising people to not buy..or worse still to sell with a view to re entry later. Dangerous ploys . Cost of building houses, marketing them, legals etc will always rise over time . It has to. Dont forget gov. like others..also has stated aim..together with the Bank of England of having some inflation. 2% actually. Sustained price falls always unlikely.
63
10/12/2020 14:36:17 13 4
bbc
A complete economic meltdown will be the only way house prices will fall. Net migration still high and a govt that will do anything to maintain prices...

Negative interest rates already being touted. Watch out for more daft ideas such as a stamp duty extension, house deposit grant scheme, help to borrow to loan to buy to endebt yourself forever...

This govt are a joke, young people are screwed
36
10/12/2020 12:45:31 4 4
bbc
With continuing demand & lack of supply house prices are unlikely to dramatically reduce.

As for negative equity, that s fine, as long as you can keep up with mortgage payments.

Surprised your glad your mortgage is paid off? Means you have all your investment in an asset you expect the price to drop on?!
64
10/12/2020 14:39:09 1 0
bbc
Maybe I lose some equity in my 'bricks and mortar' but still got something valued more than my total mortgage payments were. I don't have to worry about losing my house nor do I have plans to move so can sit tightly. I just feel sorry for all those who will never ever ever be able to afford a house of their own due to all the greed and false economy housing has given us in the last 10 years or so
65
10/12/2020 14:39:52 4 0
bbc
"But there were signs that demand was "losing a bit of steam" in some areas of the UK."

Hmmm .. because Christmas is always a busy time in the housing market isn't it ?

NOT
66
10/12/2020 14:39:52 12 2
bbc
How about a 50 year mortgage anyone?..Or a100 year mortgage you pass on to to your kids when you die...

Whatever it takes so people keep paying these unaffordable prices for a home.
24
10/12/2020 11:38:23 13 3
bbc
I wish the BBC would expand their average house price graph to cover the period 1997 to 2006 when prices tripled under New Labour.
67
10/12/2020 14:42:08 2 7
bbc
1997 to 2006 .....

14 - 23 years ago.

I didn't realise that Boris was so bad that you fanboys needed to try and distract peoples attention with something that happened 2 decades ago.

Do you have a tardis people can use to go back and sort it out ?
62
10/12/2020 14:32:31 3 1
bbc
House prices are on a long term rising trend due to the factors pointed out by Kevin. But they also always drop in a recession, so they are cyclical and gradually recover and increase.

2021 is going to be the year of the drop, so hang on, hold your nerve and buy next year. The end of furlough, combined with a wave of job cuts, Brexit chaos etc will pop the trend for a while. I'm fine with that
68
10/12/2020 14:42:27 5 5
bbc
It was supposed to be this year.

Why will they drop next year? The vaccine hopefully will be the end most of our Covid worries with pent up demand creating another economic boom...
11
10/12/2020 10:21:39 14 3
bbc
So is voting labour a better option? They voted to abolish border controls meaning the flood gates would open to millions, thereby pushing prices up further.
69
10/12/2020 14:43:44 1 2
bbc
"So is voting labour a better option?"

Neeeeh neeeh n-n-neeeh-neeeh

PATHETIC.

Most people are sick of both/all ? of your loser political tribes.
26
10/12/2020 11:45:14 17 1
bbc
Estate agents still trying to talk prices up. Perhaps if they operated on a flat fee rather than percentage we wouldn't see that?
70
10/12/2020 14:47:43 0 0
bbc
Estate agents do the very opposite.

They don't care if you lose 2-5% on the sale of your house .. because 2% of 2% isn't very much at all.

But 2% of £300 000 is quite a lot .. and a bird in the hand is worth two in the bush.
59
10/12/2020 14:17:09 2 2
bbc
That money paid from in-work benefits is paid to the worker, not the landlord. It is the worker who derives the benefit of more money to get a better/closer rental.
71
10/12/2020 14:59:29 1 1
bbc
Seriously
If no Housing Benefit No Rent paid
79
10/12/2020 17:29:32 1 1
bbc
If no rent paid - no roof over head.

The tenant will have to cut their cloth according to their own income and move somewhere smaller/further/rougher.

Your argument is that benefits are paid to Mothercare, Weatherspoons, or Benson & Hedges. They aren't, they are paid to recipients who garner the benefit of the extra money.
35
10/12/2020 12:42:36 11 2
bbc
Mainly because the Gov has directly invested £10 BILLION and counting directly into the housing market through Help to Buy. They have a vested interest in house prices rising.
72
10/12/2020 15:01:08 0 2
bbc
Add about Half A Dozen Zero's on and you will be a lot nearer the figure
88
10/12/2020 20:47:48 1 0
bbc
Not anymore zeros. As at December 2019 it was £16 Billion
2
10/12/2020 10:14:21 8 1
bbc
The only part of the economy that is racing ahead - time to look at the Tax rules here to pay for Rishi's COVID spending.

Capital Gains Tax, Land Value Tax, Council Tax - I won't be surprised if all are 'reviewed'.

If you want to avoid them - sell now, sell quick
73
10/12/2020 15:04:54 0 0
bbc
Why do you think the debt is / was so high before C19, it was keeping House & Share prices rolling on up, at any cost
74
10/12/2020 15:22:37 2 5
bbc
great news for the people in years gone by saved and scrimped to buy their council houses etc , more of it please
82
10/12/2020 19:21:57 0 0
bbc
only positive if you own more than one house
75
10/12/2020 15:48:01 6 0
bbc
This whole focus on prices is totally meaningless without context. For example, how many property transactions were completed each year for the last five years and how many during 2020? The answer to that question alone points out the statistical folly in trying to look at 'average prices'.
15
10/12/2020 11:05:13 7 0
bbc
Working from home with my budgie (Gary)

Thank goodness I have a dedicated office space looking out over fields.

Strong demand for houses like mine with WFH here to stay

Can't imagine WFH in a cramped flat in a city.
76
10/12/2020 15:57:42 1 0
bbc
And that's borne out in the figures that show starter homes as barely making any movement in price. At the lowest end of the market if it's cheap enough it sells. These prices are being driven one or two rungs up from there.
58
10/12/2020 14:12:02 9 5
bbc
I predict that house prices will come down by 10-15% next year. Only an idiot would buy a house right now. You save SDLT but pay £30k extra on the price. Furlough has protected a lot of people. Now we have to repay that debt. SDLT bubble stops and house prices always fall in a recession.

House prices are too high. They're already about 8x median income. Negative equity here we come again
77
10/12/2020 16:17:41 2 1
bbc
agree. Zoople many recent reductions confirms the trend has begun.............
61
10/12/2020 14:23:12 7 4
bbc
SAME SAME .

IMO prices will continue to rise as long as people need somewhere to live.

The UK has 2 choices which it refuses to make:

Build a lot more houses (Increase supply)
OR
Stop people Breeding (reduce demand)

Both options unacceptable for different reasons to most people. So House prices go up. It has been like this since the 80's when council house building stopped.
78
10/12/2020 17:26:51 7 2
bbc
When you say "stop breeding people" why don't you consider "stop importing people" - around 75% of our annual population growth over the past couple of decades has been immigration-driven - 250,000 net migrants pa and 200,000 kids born to migrant mothers pa (around 30% of all kids born in the UK).
84
10/12/2020 19:25:14 1 0
bbc
needs both
71
10/12/2020 14:59:29 1 1
bbc
Seriously
If no Housing Benefit No Rent paid
79
10/12/2020 17:29:32 1 1
bbc
If no rent paid - no roof over head.

The tenant will have to cut their cloth according to their own income and move somewhere smaller/further/rougher.

Your argument is that benefits are paid to Mothercare, Weatherspoons, or Benson & Hedges. They aren't, they are paid to recipients who garner the benefit of the extra money.
80
10/12/2020 19:20:18 2 0
bbc
"....could cause affordability problems"

impressive analysis
81
10/12/2020 19:21:13 4 1
bbc
How can a house valued at 100K in 2000 be worth 240K just 20 years later?
Utter madness and ensuring the populace are enslaved to the economy for the rest of their lives- which is what business owners want of course....slaves
87
10/12/2020 20:27:38 1 2
bbc
Rule of thumb, capital doubles every 10 years. I’m surprised it’s only worth 240k after 20years
74
10/12/2020 15:22:37 2 5
bbc
great news for the people in years gone by saved and scrimped to buy their council houses etc , more of it please
82
10/12/2020 19:21:57 0 0
bbc
only positive if you own more than one house
62
10/12/2020 14:32:31 3 1
bbc
House prices are on a long term rising trend due to the factors pointed out by Kevin. But they also always drop in a recession, so they are cyclical and gradually recover and increase.

2021 is going to be the year of the drop, so hang on, hold your nerve and buy next year. The end of furlough, combined with a wave of job cuts, Brexit chaos etc will pop the trend for a while. I'm fine with that
83
10/12/2020 19:24:34 0 0
bbc
You forgot about Govt poking their nose in to prop it up
78
10/12/2020 17:26:51 7 2
bbc
When you say "stop breeding people" why don't you consider "stop importing people" - around 75% of our annual population growth over the past couple of decades has been immigration-driven - 250,000 net migrants pa and 200,000 kids born to migrant mothers pa (around 30% of all kids born in the UK).
84
10/12/2020 19:25:14 1 0
bbc
needs both
96
11/12/2020 11:25:52 0 0
bbc
Not really, Brits are having kids at or below the replacement rate, the 25% of the population growth that is down to Brits is increased longevity.
58
10/12/2020 14:12:02 9 5
bbc
I predict that house prices will come down by 10-15% next year. Only an idiot would buy a house right now. You save SDLT but pay £30k extra on the price. Furlough has protected a lot of people. Now we have to repay that debt. SDLT bubble stops and house prices always fall in a recession.

House prices are too high. They're already about 8x median income. Negative equity here we come again
85
10/12/2020 19:27:07 1 0
bbc
Wait for the stories on the BBC about the poor people who saved on stamp duty but are now in negative equity - because they stretched themselves given less stamp duty to pay....I can hear them now - all wanting another Govt bail-out
31
10/12/2020 12:25:53 13 2
bbc
House price rises of 12x the average CPI/RPI is unsustainable and eventually it is going to crash and burn like never seen before. Give it 5 years and many many thousands will be in negative equity when this steamroller finally stalls - and it will! So glad my mortgage is paid off
86
10/12/2020 19:30:17 0 0
bbc
Then we will get the sob stories and how they were encouraged by others to stretch themselves - and how it's not their faiult - and they deserve compensation
81
10/12/2020 19:21:13 4 1
bbc
How can a house valued at 100K in 2000 be worth 240K just 20 years later?
Utter madness and ensuring the populace are enslaved to the economy for the rest of their lives- which is what business owners want of course....slaves
87
10/12/2020 20:27:38 1 2
bbc
Rule of thumb, capital doubles every 10 years. I’m surprised it’s only worth 240k after 20years
72
10/12/2020 15:01:08 0 2
bbc
Add about Half A Dozen Zero's on and you will be a lot nearer the figure
88
10/12/2020 20:47:48 1 0
bbc
Not anymore zeros. As at December 2019 it was £16 Billion
89
jo
10/12/2020 22:04:55 0 0
bbc
Next they will be taxing us on how much we paid for our houses. Or for some hyped up value we could never have afforded to paid for them i the first place.
90
10/12/2020 23:06:49 0 3
bbc
How many bankruptcies and reclaiming of houses will there be? Lose your house after covid and brexit? Buy a tent and a calor gas stove and ear-mark a pitch under the nearest railway bridge. Cook some Welsh lamb on your stove to keep the economy going.
The right to free expression and thought is under threat in Scotland.
The New hate bill will make it illegal to express a view that offends someone.
That will be a hate crime and you could end up in court for offending someone.
I disagree with plenty people but I will defend their right to express their opinion.
Removed
5
10/12/2020 10:19:24 27 0
bbc
Same style article with housing from the BBC, prices are going up now but they will drop in the coming year. In reality they keep going up so that people under 30 will never be able to save a deposit let alone pay a mortgage, Generations stuck in a rent only market. If this continues 10% of the population will own 100% of the property. Changes are needed fast, house prices are out of control.
92
11/12/2020 07:30:35 0 1
bbc
House Builders deliberately build less than is needed to keep prices of low quality new builds high with the approval of HM Government. House Builders also sit on huge land banks doing nothing.
We need to force the builders to only build social housing for a few years & not 4/5 bedroom executive houses.
Also, our housing standards are shockingly poor, to allow builders to rake in yet more profits.
62
10/12/2020 14:32:31 3 1
bbc
House prices are on a long term rising trend due to the factors pointed out by Kevin. But they also always drop in a recession, so they are cyclical and gradually recover and increase.

2021 is going to be the year of the drop, so hang on, hold your nerve and buy next year. The end of furlough, combined with a wave of job cuts, Brexit chaos etc will pop the trend for a while. I'm fine with that
93
11/12/2020 08:57:58 0 0
bbc
People pop up in more difficult years advising people to not buy..or worse still to sell with a view to re entry later. Dangerous ploys . Cost of building houses, marketing them, legals etc will always rise over time . It has to. Dont forget gov. like others..also has stated aim..together with the Bank of England of having some inflation. 2% actually. Sustained price falls always unlikely.
58
10/12/2020 14:12:02 9 5
bbc
I predict that house prices will come down by 10-15% next year. Only an idiot would buy a house right now. You save SDLT but pay £30k extra on the price. Furlough has protected a lot of people. Now we have to repay that debt. SDLT bubble stops and house prices always fall in a recession.

House prices are too high. They're already about 8x median income. Negative equity here we come again
94
11/12/2020 09:09:28 0 0
bbc
Ave house price rise 2.8% P/A over last 20 years. Read big 3s charts correctly. Your comment" house prices are too high" has no fact behind it. Apply the accepted definition of recession & your comment about house prices there is also incorrect. Indeed it is also incorrect in this one. Your 30k also way off the mark since they have allegedly risen only 6%. Check facts & maths cut the myth
81
10/12/2020 19:21:13 4 1
bbc
How can a house valued at 100K in 2000 be worth 240K just 20 years later?
Utter madness and ensuring the populace are enslaved to the economy for the rest of their lives- which is what business owners want of course....slaves
84
10/12/2020 19:25:14 1 0
bbc
needs both
96
11/12/2020 11:25:52 0 0
bbc
Not really, Brits are having kids at or below the replacement rate, the 25% of the population growth that is down to Brits is increased longevity.
97
Dea
11/12/2020 13:21:16 2 0
bbc
Its not just the stamp duty holiday they are trying to beat. Not long now until the changes to help to buy come into effect as well.

2 completely stupid ideas that should never have been put into practice.
58
10/12/2020 14:12:02 9 5
bbc
I predict that house prices will come down by 10-15% next year. Only an idiot would buy a house right now. You save SDLT but pay £30k extra on the price. Furlough has protected a lot of people. Now we have to repay that debt. SDLT bubble stops and house prices always fall in a recession.

House prices are too high. They're already about 8x median income. Negative equity here we come again
98
11/12/2020 15:42:14 0 0
bbc
Sorry but your predicition is worthless. Plenty of far more experienced property people not expecting a drop at all.

The difference between £30k SDLT and £30k extra on the price you need the £30k upfront for SDLT whilst your can spread the £30k extra on the price over the period of the mortgage.

Though that costs more in the long run it allows people to move now rather than saving more cash.