Property bubble begins to bust

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Andy2 replied

22 September 2020, 21:06
due to stamp duty holiday residential properties are selling fast
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ladymuck replied

22 September 2020, 19:08
Originally posted by SueEllen View Post

Only problem with that is CLADDING

Doesn't matter if the office block is under 3 storeys or not - Flat owners told their homes could be unsellable for 10 years over unsafe cladding - LBC

I don't know the details but my understanding is that government grants to fix are only available to blocks over a certain height. However mortgage companies are twitchy with any blocks of flats with hooky cladding so people are faced with either selling for a pittance to a cash buyer or forking out a fortune, assuming other homeowners pay their share, to be able to sell.
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Whorty replied

22 September 2020, 18:33
Originally posted by SueEllen View Post

Only problem with that is CLADDING

Doesn't matter if the office block is under 3 storeys or not - Flat owners told their homes could be unsellable for 10 years over unsafe cladding - LBC

Poor sods.
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SueEllen replied

22 September 2020, 17:34
Originally posted by Whorty View Post

Commercial property has been struggling for some time. Now with the push to WFH more, and hence less demand for office space, this will continue until some of these offices are allowed to be turned into places to live.

Could be an interesting few years

Only problem with that is CLADDING

Doesn't matter if the office block is under 3 storeys or not - Flat owners told their homes could be unsellable for 10 years over unsafe cladding - LBC
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Whorty replied

22 September 2020, 16:06
Originally posted by GhostofTarbera View Post

Aristocrat Graham Wellesley’s investors meet their Waterloo | Business | The Times

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Commercial property has been struggling for some time. Now with the push to WFH more, and hence less demand for office space, this will continue until some of these offices are allowed to be turned into places to live.

Could be an interesting few years
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GigiBronz replied

22 September 2020, 15:47
We live in a version of some form of neo-feudalism. Unless there is a massive shift in societal structure property prices won’t go anywehere.
It is just wishful thinking...
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Scruff replied

22 September 2020, 15:18
Grabbing pseudo-aristo-twunt seduces ignorant sycophant "investors".
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GhostofTarbera started a topic Property bubble begins to bust

22 September 2020, 13:52
Property bubble begins to bust

Aristocrat Graham Wellesley’s investors meet their Waterloo | Business | The Times

Sent from my iPhone using Contractor UK Forum
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