A property crash always unfolds in similar ways: credit runs dry, a priced-out majority stymies demand, confidence falters. Sound familiar? Then prepare for the bear, says Jonathan Compton.
Britain's house price bubble
UK house price indices
The Halifax and Nationwide indices are based on each lender's mortgage approvals, and exclude cash sales. Both are 'seasonally-adjusted' – the market is slower in winter and busier in spring. The Rightmove index is based on sellers' initial asking pricess, and the DCLG (Dept for Communities and Local Government) index is based on data including house prices, mortgages, transactions and land prices.
From Merryn's blog
For anyone investing in or building property today, Birmingham is clearly a better place to be doing it than London, says Merryn Somerset Webb.
The problem in the UK housing market is not a shortage of housing but a surplus of speculation called by very low interest rates. Solve that, says Merryn Somerset Webb, and you solve the “housing crisis”.
Stamp duty is one of the worst taxes we have, says Merryn Somerset Webb. Philip Hammond should replace it with an inflation-linked capital gains tax on primary homes.
Swiss bank UBS has compiled an index of the most bubbly housing markets in the world. No prizes for guessing who comes top.
Business is booming for housebuilders, with over 150,000 homes built last year. John Stepek looks at what that means for Britain’s sky-high house prices.
Attitudes to property are shifting. Now, most people believe a fall in house prices would be a good thing. And that’s bad news for buy-to-let investors, says John Stepek.
Buy-to-let has been an investment phenomenon, with record low interest rates a boon for a generation of private landlords. But the party’s coming to an end, says James Ferguson.
New tax rules will make residential property in the UK less attractive to buy-to-let investors. But certain areas of the country have more potential than others, says John Stepek.
The rise of Corbynmania is a reflection of the anxiety in Britain, says Merryn Somerset Webb. Politicians should take note.
George Osborne’s recent policy moves suggest he’s keen to see that slide continue, says Merryn Somerset Webb.
Tax relief on buy-to-let rental income has skewed the housing market, says Bengt Saelensminde. George Osborne was right to tackle it in his summer Budget.
Right-to-buy, populist land-grabs and other dodgy deals demonstrate how power is being taken away from property owners and handed to tenants, says Merryn Somerset Webb.
Businesses, young people and rich foreigners are flocking to Birmingham. Merryn Somerset Webb looks at what makes it such a draw.
Don't buy that house!
The positive climate surrounding the buy-to-let sector is unravelling – fast. A rash move now and you could pay a heavy price.
To avoid the time bomb at the heart of this sector you need to read our new investment report.
It’ll arm you with everyone you need to become a well-informed buy-to-let investor.
|Click here to find out more|