Reply to: 7.7% growth per year, tax free!!!

[AtW]

They're looking to charge GCT to non-residents with UK assets? That'll be popular.

That's one of the changes announced in pre-budget.

[scooterscot]

Don't worry the Tories want to change the law to screw you if you sell. If the houses are in Scotland you will definitely be screwed....

They're looking to charge GCT to non-residents with UK assets? That'll be popular.

Currently if I want a better return on my investments the rent goes up. Simples.

[AtW]

Don't worry the Tories want to change the law to screw you if you sell. If the houses are in Scotland you will definitely be screwed....

Why screw? Only make pay CGT on capital gains, what's wrong with that? Everybody else in UK have to pay it (apart from MP flipping houses).

[SueEllen]

I ken. Two BTL's in the UK and don't even live in the country.

Don't worry the Tories want to change the law to screw you if you sell. If the houses are in Scotland you will definitely be screwed....

[scooterscot]

7.7% growth per year, tax free!!!

I ken. Two BTL's in the UK and don't even live in the country.

[KentPhilip]

I bought a forth house today.

In the river itself, or on the bank?

[AtW]

Wouldn't putting money in a REIT be simpler if you want to cash in on the impending property booms?

I am betting on the now imminent house price crash.

For 15 years now ...

[Zero Liability]

Wouldn't putting money in a REIT be simpler if you want to cash in on the impending property booms?

[AtW]

If you've borrowed against the asset you get a lot more than 7.7%. CHOKE ON MY LEVERAGE, RENTER.

Are you spreadbetting?

[Old Greg]

" House prices are rising at nearly ten times the pace of average earnings after Britain's biggest mortgage lender today that record low interest rates and the Government's Help to Buy scheme were sending demand through the roof.

Halifax claimed prices in November hit £174,910, up 1.1 per cent on October and 7.7 per cent on the same month a year ago - the highest annual rate for six years.

The typical house is now swapping hands for £174,910, up £13,577 on a year ago, a rise of £37 a day. Average salaries are rising at just 0.8 per cent a year.

Martin Ellis, Halifax housing economist said: "Stronger demand, combined with an insufficient increase in housing supply, has resuled in increases in house prices accompanying higher activity this year.

"Low interest rates, improvements in consumer confidence and official schemes, such as Funding for Lending and Help to Buy, all appear to have boosted demand."

Source: House prices across the UK are rising at nearly ten times average earnings - Telegraph

Gotto love the Osbornomics

If you've borrowed against the asset you get a lot more than 7.7%. CHOKE ON MY LEVERAGE, RENTER.

[Wanderer]

Gotto love the Osbornomics

BBC News - Osborne: 'Let's not pretend there's a housing boom'

Yeah, OK then.

[hyperD]

It's the Hungarian notation you should be concerned about ...

Yeah, be very careful!

[AtW]

I'd love a Forth house.

Full of reverse Polish immigrants.

It's the Hungarian notation you should be concerned about ...

[DimPrawn]

I bought a forth house today. Great innit.

I'd love a Forth house.

Full of reverse Polish immigrants.

[MarillionFan]

I'll think about it next week when I make my monthly rental payment... 15 years of renting so far... what were the house prices like in 1998?

They've collapsed since then. You did the right thing.

Ed Balls.