http://news.bbc.co.uk/1/hi/world/europe/7281608.stm
A blue Mercedes minibus in London is packed full of Polish workers poised for a journey across Europe to a new life in a distant land.
But these are not economic migrants - not now anyway.
These passengers are the casualties of mass migration, and they are going home.
More than 800,000 central and eastern Europeans have registered to work in Britain in recent years, and the unofficial figure is probably much higher.
But when temporary work dried-up, many ended up homeless and on the streets - many by now with drug or alcohol problems.
A recent survey found 18% of London's rough sleepers are now eastern and central Europeans.
Be interesting to see how rents will rise as the UK population starts declining again.
Last one out, switch the lights off.
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Previously on "Remember that house near Swindon I was looking at..."
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Originally posted by Mailman_1 View Postwhy would there be a surge of BTL properties on the market? the rental market is looking great as no-one wants to buy, rental yields are on the up and any savvy BTL landlord would hold onto the property until we came out of the period of stagnation we are seeing at the moment.
I put a 3 bed flat in Reading up to rent on Monday at the high end of the market and have had 3 offers on it this week already!
Private sellers on the other hand..........
The market needs a bit of a drop to get people moving again, I don’t see it as such a bad thing.
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Perfect Storm
- Hard working Poles are heading home to better pay and conditions
- City money will dry up
- Era of cheap borrowing has ended
- Unemployment will rise
- BTL'ers will sell up and cash in leaving a glut of property
- Government will build another 70K+ houses adding to the surplus
- Cost of borrowing will rise even as interest rates fall
- Lending criteria will be so strict many won't even be offered a mortgage
- Min deposit will rise to 25%
- Cost of living will outstrip wage rises
- Vast tax rises will cripple the economy
A good time to buy? I don't think so....
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Originally posted by gingerjedi View PostThe top will fall but I can’t see average houses changing much while the demand is still there, a surge of BTL's sales might make a difference but then seasoned BTL'ers may well snap them up and stiffen up the market again, I predict a 10% fall maximum.
I put a 3 bed flat in Reading up to rent on Monday at the high end of the market and have had 3 offers on it this week already!
Private sellers on the other hand..........
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Originally posted by gingerjedi View PostThe top will fall but I can’t see average houses changing much while the demand is still there, a surge of BTL's sales might make a difference but then seasoned BTL'ers may well snap them up and stiffen up the market again, I predict a 10% fall maximum.
Owning a house is one thing, owning a house with history that's something else altogether, that's value that will not be lost easily.
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Originally posted by gingerjedi View PostThe top will fall but I can’t see average houses changing much while the demand is still there, a surge of BTL's sales might make a difference but then seasoned BTL'ers may well snap them up and stiffen up the market again, I predict a 10% fall maximum.
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Originally posted by rootsnall View PostAbout 5 years too early if you follow the last slump. It hasn't even started yet !
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The top will fall but I can’t see average houses changing much while the demand is still there, a surge of BTL's sales might make a difference but then seasoned BTL'ers may well snap them up and stiffen up the market again, I predict a 10% fall maximum.
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Originally posted by HRH View PostYou eat houses?
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Originally posted by DimPrawn View PostSo you think a house 100m from the M4 in Swindon shouldn't cost 3/4 of a million pounds then?
It's almost like UK property has become absurdly overpriced......
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Originally posted by Sockpuppet View PostNow is the time to make a killling.
for Boggyman: salivating - secrete saliva in anticipation of food.
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So you think a house 100m from the M4 in Swindon shouldn't cost 3/4 of a million pounds then?
It's almost like UK property has become absurdly overpriced......
Leave a comment:
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