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Article from the Telegraph suggests house prices are starting to stagnate.http://www.telegraph.co.uk/property/hous...erforming/
Learn Change and Adapt ?????
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I think they are behind the curve on this and prices have been falling in some areas in the SE for the last six months.
Where I have a flat one sold in Nov 2015 for £290k, another came on the market some months ago at £325k, price reduced end of Oct. 17 to £295k and still no interest.
Property became unaffordable in the SE, now I think people are sitting back and waiting for the correction.
This thread is worth revisiting for people’s thoughts last year -
Your figs don't surprise me
Of course this is the Govt Goal
If they can hold prices where they are an lets say inflation is 3 % over the next 5 years and property is not rising in value its 15% drop in real terms for new home owners
The medicine is taking effect
This is the very reason I have said Stagnation is on the cards for how long god knows that's above my pay grade.
Any nationwide report has to be taken in that context
Its very very broad so it waters down any individual efforts which is of course what really matters
Statistics are just a group of numbers looking for an argument
If you dont stagnate then your own individual house investment purchase should not stagnate
You can beat easily the average annual house price growth on the day of completion if you buy well
As Dolf De Roos says in his book Real Estate Riches Chapter 4 - `Beating the averages easily`
And of course its your own house that matters not the next door neighbours, let alone the wider nation
Select the right house in the right street in the right estate in the right town in the right county and buy at the right price then your own house price can grow far greater than the average
I bought a house in 2017 - It grew 19% in one day
So dont stagnate - Be free flowing and then you can beat the averages easily
Jonathan Clarke. http://www.buytoletmk.com
I put 10k into a pension it grew 40%in day one
this article is generalisation JC not individual strategy.
Excellent 40% return on your pension .DL
But you digress . This article is about house prices not pensions
Individual strategy can inspire people to beat the general house price stats in newspapers
No I don't I used the cash in my pension to build my new estate office
so its still property JC
my Pension will charge rent for the office space
so its all property related
My Pension fund grew 40% day one and I use if for a new office which will also be worth more when its built
and its all tax free
Ooh you sure know how to streeeeeeeetch a point DL
Whichever way I look at it I struggle to relate your pension fund growth to the article on house price growth
No No No
You said I can make 19% on one deal (one swallow dosent make a summer)
I said I put money into my pension and made 40% I do that time and time again with profits
You said has nothing to do with property investment
I said I use my funds to build and office
the result I gain 30% in a valuation
and I get Tax free rent into my pension
Its all about property
what is there not to like
I avoid all taxes and I am still in property
The article is about general house prices in the UK not about pensions and new estate offices
You invested 10K in a pension .
What did the pension invest in to get a 40% return day 1 ?
40% is the Tax relief
I put in 15k and with the help of HMRC its worth £21000 tax free