Estate agents’ fortunes can tell us a great deal about which way the housing market is going, says Dominic Frisby. And Foxtons’ share price is in freefall.
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.
Last week’s Budget contained yet more bad news for the buy-to-let sector. Big landlords will now be subject to the new “second home” stamp duty surcharge of three percentage points.
With buy-to-let property becoming less and less appealing, landlords are hunting around for other options – such as holiday lets. But are they worth it?
In the last few years, London property developers have been converting offces into high-end residential homes at an alarming pace. But that’s no longer the case, as buyers are drying up.
There’s one area that may be flashing a warning sign for the rest of London’s red hot housing market, says Matthew Partridge – new-builds.
House prices in London are well above their pre-2008 peaks. But it looks like things are about to change. Matthew Partridge explains what’s in store for London property.
Property crowdfunding products aimed at first time buyers don’t help anyone, says Merryn Somerset Webb. They just add an extra slice of personal financial risk.
The London new-build property sector is facing big problems, says Merryn Somerset Webb. We’ll soon be seeing real price falls.
The self-cert mortgage, banned by the FCA, is back. And the company offering them is overwhelmed by the volume of applications.
Prices for top-end London properties are falling fast. And there are signs it could extend to the rest of the London property market, too, says Merryn Somerset Webb.
The future for London house prices is very clear, says Merryn Somerset Webb: they will crash.
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.
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