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  • Property Prices

    Is now time to head for the hills or buy?

    UK house prices saw the biggest monthly fall for nearly eight years during April, according to the Halifax, as demand for homes weakened.

    The lender said prices fell by 3.1% between March and April, the biggest decline since September 2010.

    http://www.bbc.co.uk/news/business-44037087

    Is this first sign of spring, that the market is going to cool down to 'normal' levels?

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    The hills could be a very nice place to be

    I will sit there and watch what unfolds below me

    But Running down a hill is a lot faster then going up ?

    in other words there could be bargains to be had if we see a crash

    Any Landlord who has positive cash flow can work through crashes and pick up bargains

    I know I have done it twice in my investing life 1990,s and 2007  all saw large corrections

    We have a large correction coming ???

    A switched on Landlord would have the strategy to come into the market when the correction comes

    So yes Go to the Hills and see the view I have been here since Osborne Law came and watch and I have been alone

    When the Crowd rushes up the hill I will make my way down and Buy again Via my Company If I have to leverage

    If I don't need leverage I will buy with cash in my own name.

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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.

    I agree about running down hill to pick up bargains, I have noticed over the last month or so some agents(in our area: Surrey)  have started using 'Guide Price' instead of a firm number or an asking price.



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    I see Guide Prices a lot in the NE

    My own thought is the Agent has a problem giving a price because they just don't know themselves where the market is at that point in time

    or the vendor has to sell and they want to generate interest fast with a low guide price and then bid up the price if they get offers

    either way its an uncertain market


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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.

    3.1% in one month could be a blip, and still up 2.2% YOY which is broadly flat in real terms with 2-3% inflation.

    Price increases outside London seem to have stalled around the summer last year. It won't take many more monthly slides to send the YOY negative, and that is more of a sentiment changing and significant thing. I think we will know by the time July's figures are released in August where this is really heading.

    Personally, I think a moderate price collapse is fairly inevitable. I don't think it will be anything like the -50% bloodbath some people predict (or rather demand / hope for). I also think it will be more strongly regional than any previous "bust" as there has been no increase in some areas, others have boomed, and London is a bubble. The country has far greater regional economic disparities than at any previous time I can think of.

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    People normally  run to the hills if they are scared

    Stay in town

    If prices go up 3.1% then a 1 mil portfolio makes 1000 a day - Lovely

    If prices go down 3.1% then you can buy a 100K property for £96,900 - Lovely

    Over a 20 year period  prices will have gone up 3.1% quite a few times . Maybe 100%

    There will be peaks and troughs . Pay attention to them yes but dont let them rule you

    Just acquire property . 3.1% up or down will pale into insignificance in 20 years

    Time is kind to property even if you buy at the top of the market

    If you buy 10 units @ 100K and they double in 20 years your 1 mil goes to  2 mil

    If you buy 10 units @ 96.9K and they double in 20 years you got just under 2 mil

    If you buy 10 units @ 103.1K  and they double in 20 years you got  just over 2 mil

    In 40 years it will be just under or just over 4 mil which at 75% LTV is a good return on 250K investment

    Plus all your rental income which at say £300 pcm per property is 1.44 mil over 40 years

    So 5.44 mil on 250K in 40 years

    Get the perspective right .

    Look at 40 years and dont let 1 month good or bad make you scarper and hide in the hills

    Unless of course you are going to view and possibly buy something like this

     Image result for house of a hill

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    Jonathan Clarke. http://www.buytoletmk.com


    I agree with all your points Jonathan, however someone it helps for a 'moment' to step out of the way to allow things to cool - only for a while; talking days, weeks etc when you see something like this coming along the path...!

    Man arrested for looting lava-evacuated homes in Hawaii

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    NOBODY expects the Spanish Inquisition or a lava flow for that matter!!

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    Yes good point  - sometimes things do get a bit too hot to handle....

    Now where did i put those crumpets

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    Jonathan Clarke. http://www.buytoletmk.com