The London Housing Market Is Worse Than It Looks. Here’s Why (world)

Discussion in 'Property Market Economics' started by Illusivedreams, 3rd Dec, 2018.

Join Australia's most dynamic and respected property investment community
  1. Illusivedreams

    Illusivedreams Well-Known Member

    Joined:
    3rd Oct, 2017
    Posts:
    2,454
    Location:
    Sydney
    Bloomberg - Are you a robot?





    Hidden Price Falls
    Property flippers are being burned by the slowdown in demand for shiny new apartments. In some cases, homes in towers that are nearing completion are being sold on for as much as 25 percent less than the value at which they were reserved, according to broker MyLondonHome, which has a division specializing in this type of transaction.
     
  2. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    6,776
    Location:
    ....UKI nth nsw ....
    This has been going on for the last 2 years..Stamp duty and Land Tax would be a real problem ..
    Stamp Duty Land Tax
     
  3. marmot

    marmot Well-Known Member

    Joined:
    23rd Jan, 2018
    Posts:
    1,215
    Location:
    N.S.W , W.A
    Anyone in the UK who now buys a second home has to pay additional stamp duty and interest deductions have slowly been wound back for investors from last year.
     
  4. Waterboy

    Waterboy Well-Known Member

    Joined:
    29th Aug, 2015
    Posts:
    2,802
    Location:
    Denial is Not a River in Egypt
    Wait for No-Deal Brexit.

    GBP will crash, then you can buy a nice London apt at bargain prices.
     
  5. Illusivedreams

    Illusivedreams Well-Known Member

    Joined:
    3rd Oct, 2017
    Posts:
    2,454
    Location:
    Sydney
    Im hoping for Detroit prices.