You are here: Home > Message Board > News & Politics > The Great London House-Price Softening
December 14 2018 7.04pm

The Great London House-Price Softening

Previous Topic | Next Topic


Page 2 of 8 < 1 2 3 4 5 6 >

 

View .TUX.'s Profile .TUX. Flag 12 Mar 18 6.51pm Send a Private Message to .TUX. Add .TUX. as a friend

Originally posted by Lyons550

The markets been softening for about a year now and will remain flat until after Brexit. We'll likely continue to see a dip/fall for 24months until confidence post brexit starts to gain momentumn again.

I'd expect to see a 10-15% slump on current prices.

Also many more people are moving out of the city...as such the outlying areas are likely to remain steady and creep up slightly.

This slowdown would be happening regardless. Brexit is an irrelevance, despite what the media pump.
People are skint........and (unfortunately) will be for a very long while.

 


Buy Litecoin.

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Penge Eagle's Profile Penge Eagle Flag Beckenham 12 Mar 18 7.32pm Send a Private Message to Penge Eagle Holmesdale Online Elite Member Add Penge Eagle as a friend

We are just entering the mid-cycle wobble of the 18-year property cycle. Perfectly normal.

Edited by Penge Eagle (12 Mar 2018 7.58pm)

 

Alert Alert a moderator to this post | Board Moderator Edit this post Quote this post in a reply
View johnfirewall's Profile johnfirewall Flag Lewisham 12 Mar 18 7.55pm Send a Private Message to johnfirewall Add johnfirewall as a friend

Brexiteers, because it will be our fault.

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Lyons550's Profile Lyons550 Flag Shirley 13 Mar 18 2.12pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by Rudi Hedman

Where's the favoured distance or general area people are thinking of moving from south London to?

See my thread of moving up North that I posted a few weeks back.... i'm seriously looking into it myself

[Link]

 


The Voice of Reason In An Otherwise Mediocre World

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Lyons550's Profile Lyons550 Flag Shirley 13 Mar 18 2.15pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by .TUX.

This slowdown would be happening regardless. Brexit is an irrelevance, despite what the media pump.
People are skint........and (unfortunately) will be for a very long while.

You're right in that we're at the pint in the Property cycle where we'd anticpate a plateau, before a brief surge towards the bubble burst (historical evidence suggests this) but with the added curveball of Brexit it's brought that plateau forward by a couple of years.

 


The Voice of Reason In An Otherwise Mediocre World

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Lyons550's Profile Lyons550 Flag Shirley 13 Mar 18 2.15pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by Penge Eagle

We are just entering the mid-cycle wobble of the 18-year property cycle. Perfectly normal.

Edited by Penge Eagle (12 Mar 2018 7.58pm)

Apologies Penge, didnt see this prior to my post above...yes I make you right

 


The Voice of Reason In An Otherwise Mediocre World

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View JRW2's Profile JRW2 Flag Dulwich 14 Mar 18 3.32pm Send a Private Message to JRW2 Add JRW2 as a friend

I would love the value of my house to drop back to what I paid for it in 1981, so that my children, who lived in it throughout childhood and adolescence, could inherit it without having to sell it in order to pay a fortune in Inheritance Tax. I suspect many will have no sympathy for me - or my children.

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Lyons550's Profile Lyons550 Flag Shirley 18 Mar 18 2.43pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by JRW2

I would love the value of my house to drop back to what I paid for it in 1981, so that my children, who lived in it throughout childhood and adolescence, could inherit it without having to sell it in order to pay a fortune in Inheritance Tax. I suspect many will have no sympathy for me - or my children.

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...

 


The Voice of Reason In An Otherwise Mediocre World

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View stuckinbristol's Profile stuckinbristol Flag In the woodwork. 18 Mar 18 4.28pm Send a Private Message to stuckinbristol Add stuckinbristol 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...

You could do that, but if you continue to live there you will have to pay them rent at market value, and they will have to pay tax on the rent as income.
The government don't miss a trick!

 


There's only one P in Palace...and I'm sitting on it.

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Badger11's Profile Badger11 Flag Beckenham 18 Mar 18 4.42pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by stuckinbristol

You could do that, but if you continue to live there you will have to pay them rent at market value, and they will have to pay tax on the rent as income.
The government don't miss a trick!

I agree I heard this from a tax expert on the radio. There is also something about a gift that if you die within 7 years your estate pays full tax. Doesn't seem fare that Inheritance tax was supposed to be for the rich yet many normal people especially in the SE are now in that bracket. I have a pension and no mortgage so on paper I am a millionaire doesn't feel like it though. So far the only solution I have is to take out an equity release mortgage and spend it.

Labour will hate it but if the Tories have any sense they will massively increase the inheritance tax threshold.

 


One more point

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Rudi Hedman's Profile Rudi Hedman Flag Caterham 18 Mar 18 4.55pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

I do hope there aren't any British retirees moaning about this and then when it comes to building new homes on green sites near them or golf courses they're moaning about that as well.

It would remind me of the Caterham nimbys re the golf course housing plans on the chaldon road but being lib dem pro-Europe and relaxed immigration policies.

 


COYP

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View croydon proud's Profile croydon proud Flag croydon 18 Mar 18 5.42pm Send a Private Message to croydon proud Add croydon proud as a friend

Originally posted by Badger11

I agree I heard this from a tax expert on the radio. There is also something about a gift that if you die within 7 years your estate pays full tax. Doesn't seem fare that Inheritance tax was supposed to be for the rich yet many normal people especially in the SE are now in that bracket. I have a pension and no mortgage so on paper I am a millionaire doesn't feel like it though. So far the only solution I have is to take out an equity release mortgage and spend it.

Labour will hate it but if the Tories have any sense they will massively increase the inheritance tax threshold.


you could sell up badger and buy a nice semi in hull for 125k , one town is much like another these days, even hull i imagine, all have a nice bit away from the riff raff, you could live like a king and play golf, eat out, travel a lot more, and still have loads of dosh in the bank, happy days!

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply

 

Page 2 of 8 < 1 2 3 4 5 6 >

Previous Topic | Next Topic

You are here: Home > Message Board > News & Politics > The Great London House-Price Softening