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  • London Property Market

    Brexit and the London property market



    Welcome to Day 3 of "Landlord Talking Points".  All this week, Property Tribes is delighted to present a week of content which focusses on the main landlord talking points of the year so far.

    The week has been undertaken in association with PT partner, Ideal Flatmate, and co-founder Tom Gatzen will be joining me throughout the week to discuss the leading issues facing landlords and which have engaged the Property Tribes community.

    This is how the week is shaping up:

    Monday -  Launch of week and how good landlords can find quality tenants

    Tuesday -  Build to Rent and what landlords can learn from these big operators

    Wednesday - Brexit and the London property market

    Thursday -  Abolishment of Section 21

    Friday - Is buy to let still viable in 2019?

    Today, Tom and I discuss Brexit and the London property market:



    How are you finding the London market?  Is Brexit affecting your property business?

    Tune in all this week for "Landlord Talking Points Week" - join our conversations and have your say!

    Ideal Flatmate is a commercial partner of Property Tribes and you can use the Ideal Flatmate website to find new tenants.

    SEE ALSO  -          BrExit - impact on property market

    UP NEXT -              The big bad ass Brexit brief for landlords

    DON'T MISS -        Brexit good news for London property prices

    NOW WATCH:

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    https://www.standard.co.uk/news/london/b...91921.html

    London prices falling at fastest rate since financial crisis.

    Some crushing drops (~10% annual) in certain boroughs
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    I always said London and the SE would have a problem with S24 & Stamp duty would have a huge effect

    At that time the EU thing was never a concern

    I have a question to ask Investors in London:  now the slide has started how can the Govt stop it ?

    The old lever of dropping interest rates can't work today that Lever is broken

    My Guess is as this slide gains pace, property prices in London could well crash over the coming years

    Leaving the EU in October will either be a saviour or a major problem

    This could end up being a very very major issue in London and it will filter out to the rest of the UK.

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Agree.

    Other thing to also bear in mind is the thousands of flats being built (or already built). For example in E1 (Whitechapel etc), which is just one postcode, there are currently over 500 new build flats on the market!!! No savvy investors want to buy them and no locals can afford them.

    I think the government will do everything they can to try and arrest the fall, but they are out of ammo. Market would have probably already crashed if it wasn't for Help to Buy. Brexit is heading straight for the brick wall at 100mph too.

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    I think Long term if your London and you have strong yields it should be fine

    But its going to be a long fall and then stagnation

    and at some point there has to be an up turn

    But its going to take some time

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Strong yields in london are hard to come by in my experience.
    You have to remember that quite a few london boroughs have gone up 100% in the last 10 years, so a 10% fall isnt going to be catastrophic. 
    I think if you bought outside of pcl pre 2015 then you can probably sustain a 30% fall before you feel it
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    none of us know for sure what will happen

    But I would like to know if falls are happening now how are the Govt going to stop it


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Help to buy on 2nd hand properties

    Raise the help to buy loan on new builds to 50%, and raise the limit to 750k

    Abolish stamp duty up to 500k

    Plenty of ammo for them, depends what they want to do
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    That’s all very well if you just want to inflate a bubble even further. But evetually bubbles pop, surely a period of slow price decline or better still stagnation is better, the country has a housing problem, is there really any point in building lots of over priced units that the vast majority can never afford , then support this market with state subsidies. Seems plain daft to me.
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    They could have let the bubble deflate by leaving the market alone in 2013 when it was just stagnating but they poured petrol on it with htb, and low interest rates.
    Now for the kerosene... let it burst on someone else's watch is the mantra
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    All those measures are unfathomable to 99 % of the population of our country outside the little world of London property speculators .I hope you are probably using extreme figures to illustrate a point rather than being serious .
        Imagine advocating something like ‘help’ to buy for a 750k property and no stamp duty up to 500k to a Nurse , Police Officer , Plumber , Bricklayer etc struggling to make ends meet never mind a huge underclass that hasn’t worked for 3 generations . It’s the type of stuff that brings the pitchforks out .
           I think main reason for some future collapse of the London property market  ( not necessarily the next one but say in 20 years)  is not the natural boom and bust of the economic cycle but the social unrest that will become more and more visible as the gap widens between the fewer rich in their riverside penthouses or gentrified bubbles of million pound properties and the increasing number of poor in social housing or in run down and badly maintained privately rented properties that are literally living next door to them in some places .
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