UK Landlord Forum / Life

doom and gloom. It's starting to get boring now- just constantly reading the same thing over and over again. No one is saying anything new =/

And yet I heard from an estate agent last week that business was good.


V

Really? What area?

Cornwall. Although he's not phoned me back and I was expecting a call on Friday. I shall give him the benefit of the doubt.


V

If business is good, why hasn't he sold your house yet? Surely that means he's doing a bad job!

You know I only like positive reading, see one I got!!


New homes prices already recovering

SmartNewHomes.com has said that price growth for new build properties is already beginning to accelerate again following a softened period seen over the summer. The website has said that prices rose by 0.8 percent in November, adding that lower interest rates are likely to propel the market further forwards in 2008. Areas such as the south-west saw particularly strong growth through the year as a whole, the firm added, with the average price rising by 11.2 percent in the region.

"The recent cut in interest rates and the steady growth in new home prices recorded this month is good news for homeowners across the country," said David Bexon, managing director of SmartNewHomes.com.

"I would expect to see new home prices rise steadily throughout 2008, finishing with annual price growth in the region of two to three per cent," Mr Bexon added.

The average price of a home in the UK is now £220,195, according to the Department for Communities and Local Government.

Do you think peoples own personalities also reflect in industry in general.
If the bank of englands GM is having an off day so do the rest of us !

You're a handy little fella, Hoppy

Thanks for the ray of sunshine, boss!

Quote from: hopson on January 07, 2008, 01:51:50 PM
You know I only like positive reading, see one I got!!

You're a star!

I'm going to phone this dude now. He's a different estate agent, and his tales of Cornish streets paved with gold may just be an attempt to attract my business tbh, but we'll see.


V

Quote from: propertyfag on January 07, 2008, 03:13:17 PM
You're a handy little fella, Hoppy

Thanks for the ray of sunshine, boss!

I try my best!!

More good news!!!! When will it ever end?

No need for pessimism about the UK property market, says IMLA



The Intermediary Mortgage Lenders' Association (IMLA) has argued that there is no need for people to be pessimistic about the state of the UK property market, commenting that there is a large amount of positive news which is being overlooked.

IMLA executive director Peter Williams said the latest Bank of England data about the UK economy showed there were still many reasons for optimism about the market.

He said: "Demand for secured loans has remained buoyant and indeed demand for buy-to-let and other [non-prime] loans actually exceeded expectations overall."

Mr Williams attributed this fact to the "long-term view" taken by borrowers.

Other reasons to be optimistic included falls in inter-bank (Libor) lending rates and the prospects for further interest rate cuts by the Bank of England, he added.

As well as voting unanimously to lower the base rate from 5.75% to 5.5% last month, the monetary policy committee revealed that it had even considered dropping rates further.

Keep 'em coming, Hoppy

OK, more good news, OK it has a bit of journalistic gloom about it - but shows things going right way

Halifax
The country's biggest mortgage lender said prices were rising at an annual rate of just 5.2% in December, half the rate seen just three months earlier.

Although prices went up by 1.3% during December, the Halifax said that was the first time there had been an increase in the past four months.

OH LORD I THINK I@M GOING TO GET A NOSE BLEED !!!!!!!!

UK landlords see huge rise in rents


The UK buy-to-let market is "just about the strongest in the world".

That is according to the latest Assetz House Price Index, which brings together the five largest UK indices.

According to the firm, rents in the UK have increased by ten per cent in the last year, with London landlords benefiting from a 19.3 per cent rise.

"While there has been much suggestion of a problematic era for the property market, there are many more positive signs for the year ahead, with latest buy-to-let figures outweighing any negative outlook, as well as reflecting a hugely successful year for the property investor in 2007," said Assetz chief executive Stuart Law.

"On balance, the UK buy-to-let market is just about the strongest in the world and investors can look back on a successful 2007 with surveys showing excellent returns across the board.

"While London obviously continues to lead the way, with rents up by almost 20 per cent on average for the year, this positivity is not restricted to the Capital, with excellent figures in areas such as the north-west keeping overall annual figures high," he added.

Quote from: hopson on January 09, 2008, 03:28:26 PM
OH LORD I THINK I@M GOING TO GET A NOSE BLEED !!!!!!!!

Haha ... the whole "when property drops, btl improves ... which buoys up the market" theory does make me wonder, mind ... where will it all end? Will prices just drive up inflation indefinitely? Am I old fashioned thinking what goes up must go down?

Or is it the whole screwed up idea that everyone should be able to own a house that is wrongfooting us again; in the media, as soon as someone can't afford a house, they say its overinflation of the market - when in reality there has never been a time when everyone can afford to own their own house. Its a myth. We own more houses than any other european country!*

V

* - I made that statistic up, but I'm sure I've heard it somewhere.