Despite the political turmoil swirling, there is now an acute shortage of residential property in some sectors. Could we be on the cusp of a rising market?
Here is a man who bites a dog story. With all the political gyrations going on at the moment, could the residential property market be on the cusp of an upward swing? Continue reading
‘The road to servitude is paved with government intentions’ as economist Friedrich Hayek might have said. His prophetic ideas are pertinent today, where we are on the cusp of a government ‘initiative’ to ban letting fees. As always with bureaucratic interference, a busybody’s desire to help the ‘vulnerable’ ends up as the economic version of playing the piano with boxing gloves, where the cure can often be worse than the ailment.
Any ‘fule kno’ that agents in response will simply raise their fees, which are usually around 10%, to landlords. The inevitable consequence will be higher rent levels for impoverished tenants. Continue reading
As the presence of a cowpat on a pasture, indicates that there has been a bovine presence, here we have one more reason (as if we need another) to fear the ravages of a Labour Party gaining power at the next Election.
Permitted Development Rights (PDR), brought in by David Cameron’s pseudo-Tory government, was the ‘boil-in-the-bag’ solution to the lack of residential housing, particularly in the Capital.