Category Archives: property

Read about the Marching Morons of the Residential Property Market

Is the UK housing market broken?

Posted on by

With the the Government’s White Paper now having been released lets take a look at some common sense solutions to this much-vexed subject which, after all, is a political ‘hot potato’ and a main plank of the Tory Manifesto.

In short, Cameron’s belief was in the ‘buying revolution’ and May’s, it appears, is in the ‘renting revolution’. Both served their own purpose and form an important part of affordable housing requirement which is so necessary to fulfil the social aspirations of a caring Conservative government with a left wing ‘twinge’, or any other government for that matter.
Continue reading →

Breaking News: Stamp Duty shortfall of £9.5bn will be 50% of the Budget deficit in 2020

Posted on by

Isn’t it ironic, that the main plank of the former Chancellor Osborne’s fiscal discipline was to produce a Budget surplus in 2020, which has now been revised by Mr. Hammond, to approximately £20bn and 50% of this shortfall, will be due to lower Stamp Duty Receipts; which was Osborne’s folly.

 

Continue reading →

Why is the market above £2million in London so difficult at the moment?

Posted on by

Contrary to press reports the market in London below £2million is doing very nicely thank you.  Anything sensibly priced will sell relatively quickly to a number of buyers. Frankly, with the stable outlook for interest/mortgage rates there is not a cloud in the sky, particularly, as this part of the market is immune from any potential Mansion Tax threat.

Above £2million the market gets progressively sticky to the extent that above £10million there are very few buyers at all. Agents and conveyancing solicitors are all complaining that turn over is vastly reduced. Continue reading →