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May 25 2020 3.12am

The Great London House-Price Softening

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 28 Mar 20 10.13pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by Tim Gypsy Hill '64

Lower prices for buying a house only affect first time buyers or end sellers, ie heirs to property. However, whenever you buy a property, regardless of the market prices, you will be better off financially within 5 years unless you default on the mortgage contract.

Could be a big unless there.

 


COYP

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View Mapletree's Profile Mapletree Flag Croydon 28 Mar 20 11.35pm Send a Private Message to Mapletree Add Mapletree as a friend

Originally posted by Lyons550

You could always sign it over to them in order that inheritance isn't an issue...having said that its only an issue if you leave more than £400k...

£500k if passing on a main residence. Or just give it away and live seven more years

 

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 24 Apr 20 11.18am Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

Commentators are now reporting that the housing market is in the deep freeze.

Perhaps the thread title is too euphemistic.

 


from the Etihad, Emirates, Molyneux, London Stadium, turf moor & Anfield to Old Trafford.....Raptors on the Road

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View ex hibitionist's Profile ex hibitionist Flag Hastings 27 Apr 20 5.56pm Send a Private Message to ex hibitionist Add ex hibitionist as a friend

apparently it's an urban myth that Thatcher invented Mr Whippy ice cream which is a shame bcos the metaphor would have legs if this were the case, e,g. the loan to buy scheme would be the sort of air bubbles in the ice cream so to speak

 

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Yellow Card - User has been warned of conduct on the messageboards View Tom-the-eagle's Profile Tom-the-eagle Flag Croydon 27 Apr 20 7.07pm Send a Private Message to Tom-the-eagle Add Tom-the-eagle as a friend

Originally posted by PalazioVecchio

Commentators are now reporting that the housing market is in the deep freeze.

Perhaps the thread title is too euphemistic.

Itís frozen because all the agents are shut.

What happens when they re open will determine how much prices fall by. Make no mistake, they will fall, but by how much nobody knows.
Personally, and Iím a property developer, I think we are looking at no more than 2007. I think the reason prices wonít fall too much is that many people who would look to sell now wonít once they realise their property is now worth less than it was before CV, thus the shortage of buyers will in some way be counteracted by lack of sellers.

I reckon 10-20% drop in South East but I donít think they will hit bottom for some time, possibly end of the year.

 


"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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