Category Archives: property

Read about the Marching Morons of the Residential Property Market

Urgent Letter to George

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Dear George,

Bless your heart, you’ve been extremely competent to date so don’t be caught up with the press feeding frenzy about a housing bubble (that actually doesn’t exist in the middle to upper price ranges).  I represent a plethora of entrepreneurial agents who are not doing that well at the moment since there are very few cash buyers, whether local or foreign, in the market place particularly above £2million and as it rises towards the £5million mark and above even fewer. Continue reading →

RICS 5% Cap On Housing Prices Is Unworkable And Fanciful

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How could anyone argue against prudent lending of any kind, but particularly with mortgage applications, to stop the problems of the past by way of massive mortgage defaults by consumers who over extended their financial capability?  I suppose that there is only so much available funding and mortgagees, in the post credit crunch era, have been careful not to encourage applicants to take on more debt than is healthy but the Bank of England and the Treasury should monitor this closely to make sure that around the fringe there are no abuses of the system. Continue reading →