Originally posted by vetran
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: A good time to be buying a house?
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "A good time to be buying a house?"
Collapse
-
This one has a nice view, overlooking the Welsh Riviera.
4 bedroom detached house for sale in Llwynmawr Close, Swansea, Swansea (County of), SA2, SA2
Leave a comment:
-
Theres no pleasing some people!
I think i might view. I could be Mr Darcey
Leave a comment:
-
Originally posted by scooterscot View Post
Do they not show pictures of bedrooms or the view out of the window in German listings?
Leave a comment:
-
-
Leave a comment:
-
Originally posted by scooterscot View Post
Leave a comment:
-
Leave a comment:
-
Originally posted by scooterscot View PostIndeed. If an commodity like oil can crash from $110 to $30 I'd be concerned holding a similar commodity like property, which it is not normally referred. London property is used by investors not people in search of a home.
You'll here the squeals from Saturn when it crashes. Should be fun.
Leave a comment:
-
Originally posted by jamesbrown View PostYes, there's no doubt that property has been an appreciating asset. Asset bubbles mainly catch those that are late to the party, i.e. those highly-leveraged kids that were taught that property was always going to be a one-way bet.
Leave a comment:
-
Originally posted by vetran View PostI pay less than half in Mortgage what it would cost to rent my house. Apparently its worth hundreds of thousands more than I have paid overall in mortgage in the last 30 years. Even if it falls in value by half I am still massively ahead and I live in a house that is much bigger & nicer than I could rent.
Leave a comment:
-
Originally posted by jamesbrown View PostIt depends on your definition of crash, but prices fell by 20%+, including in London, but they recovered fairly quickly (even by early 2010). However, in some areas outside of London and the SE, they haven't recovered at all. In London and the SE, valuations are more stretched than they were in 2008, so any correction would be substantially larger IMO. But it needs a major catalyst, a Lehman moment.
Leave a comment:
-
Originally posted by jamesbrown View PostMassively over-valued in London and the SE, yes (many international analysts have said the same), but there needs to be a catalyst for a crash, either in terms of a broader crash in asset prices, a recession, or a sudden increase in interest rates. Volumes are historically low, which increases risk (prices are determined at the margins), but I can't see the BTL changes precipitating a broader crash. I hope there's a serious correction, and there will be with the next recession, but I can't see an immediate catalyst (as in, this year).
You'll here the squeals from Saturn when it crashes. Should be fun.
Leave a comment:
-
Originally posted by jbond007 View PostGlobal recession causes many investors to start looking at alternate places/countries to invest in. Isn't this what happened in 2008 when global recession did not really cause property crash in London because a lot of foreign investors were investing in properties. So even in recession, I doubt prices in London/SE would fluctuate much - maybe 2-3%
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: