Due to Brexit.
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Houses are too expensive for people to buy them
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Originally posted by DimPrawn View Post
Due to Brexit.
Brexit is definitely holding the market back. If only the MPs could sign off a deal we could all move on together, in a warm and cuddly friendly wayI am what I drink, and I'm a bitter man -
Brexit is not holding the market back. Sold my Edinburgh place recently because:
1) it was yielding less (mostly through increased expenses). Remember why half of you have BTL's, cause pensions are crap. That's about to change.
2) Local council bureaucracy reaching new levels that make a German tax return look like a Ladybird book publication. In seriousness though it's destroying businesses.
3) Someone was willing to pay near £0.5m for a 2-bed flat. It is a bubble of epic proportions. The market is an epic bubble.
Sit back and watch the market go flat. I'll be waiting..."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostBrexit is not holding the market back. Sold my Edinburgh place recently because:
Market most likely to stabilise now for a few years. Can't see a big adjustment down (pity) but equally can't see big increases either. London has been pretty stagnant now for a couple of years with prices in some areas dropping. Where I'm based in the SW property prices are still moving forward, albeit at a slow pace.
Signing off May's deal will give people confidence again, and the house market is built on confidence.I am what I drink, and I'm a bitter manComment
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Originally posted by scooterscot View PostBrexit is not holding the market back. Sold my Edinburgh place recently because:
1) it was yielding less (mostly through increased expenses). Remember why half of you have BTL's, cause pensions are crap. That's about to change.His heart is in the right place - shame we can't say the same about his brain...Comment
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Regardless or what is happening with Brexit. For my area, I think the property market is unaffected. People are going about their business and nobody is too fussed.Comment
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Originally posted by scooterscot View Post
3) Someone was willing to pay near £0.5m for a 2-bed flat.Comment
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Originally posted by MattZani View PostLet me guess....New Town/Stockbridge?
https://espc.com/media/5606/mth-201902-table.pdf"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by yieldingPensions are still crap. BTL is no longer an option though, I agree. I presume, like you, that all BTL'ers are either selling up or seriously thinking about it."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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