Council tax on second homes is going up 200% in Wales, something Reeves and Raynor will watch, this has led to houses being dumped onto market in panic, this is being viewed by Cornwall who may follow suit. Home builders are being asked to provide 30-50% social housing in their builds and there's no profit for them so not interested. I agree capital gains will stop sales and second homes and rental properties sold will reduce rental stock so rents will inflate.
Moved back into each of my properties and project managed lipstick renovations for a year then sold out. Four more to go and I am out baby.... heading back to my overseas idyll and managing paper investments.
I am becoming concerned that the net is tightening on landlords regarding interest rate relief. In my view there is a risk that interest rate relief on btl properties in limited companies is next in the government's crosshairs.
Will the reduction in rental properties in London be replicated in similar cities sych as Edinburgh, another city with very high rents , low stock and high prices?
How do you study the PIE's in an area? I'm a first time buyer and it feels like the harder I look into what would be the best investment for me, the more confusing it gets. For example, the Office for National Statistics publish an interactive map showing population and employment change, but it doesnt actually say in what period of time! Comparing areas within my buying radius, employment increase can be as high as a 47% increase which seems rediculous - 47% since... 1100AD? I'd love to know where you collect and compare data to judge the PIE's in an area, any advice could make a huge difference to me at the moment. Thanks, Eiren.
Hi Eiren, having bought our first home 2 years ago it can be a bit overwhelming so I get where you're coming from. Just out of interest, have you looked at the latest ONS Report & Big Six Residential Report? If you'd like, we can connect and even if you want to do a Zoom, let's pencil it. I would like to know where about you're looking to buy in order to share you the latest updates, reports + PIE factor.
I live in a desirable town on Kent coast in a good address. There are, unusually 4 properties on my street including mine that are not selling. My 3 bed house has been on market since January, one other house has been for sale even longer. I have bought and sold houses several times over my life time and NEVER experienced this! I’m in a great PIE area with superb links to London fabulous amenities/schools and seafront, but not one offer. I thought people were waiting for the budget, what is going wrong? Please help! 😢
Everything sells at a price. Your other option is wait till after the budget when, I believe, most of this will turn out to be scare mongering. They won’t get growth if they knock the property market.
@@tony1816 I think you have been oversold by estate agent - have a look at moving home with charlie channel - they usually tell you what you want to hear to win business. Plus landlords selling up of course. Doubt about any crash - too much money printed
What do you do while you are saving up to get a mortgage. ?? Live on the street there are many reasons people rent houses. No. 1 they can’t get a mortgage ??
This is a disillusioned leftie .. almost all Labour governments borrow far more than conservatives and the general growth comes from that massive borrowing… we didn’t have covid under Labour.. but the borrowing were still very high.. to the point, there were no money left …
Rents will go up in London but it will also push renters outside of London pushing up prices as well
Council tax on second homes is going up 200% in Wales, something Reeves and Raynor will watch, this has led to houses being dumped onto market in panic, this is being viewed by Cornwall who may follow suit. Home builders are being asked to provide 30-50% social housing in their builds and there's no profit for them so not interested. I agree capital gains will stop sales and second homes and rental properties sold will reduce rental stock so rents will inflate.
Remember when owner buyers live in properties its less per household than rentals making shortages worse
Not mentioning Gordon Brown’s cheap gold reserve sales ..
This is a fact my leftie friend ..
Moved back into each of my properties and project managed lipstick renovations for a year then sold out. Four more to go and I am out baby.... heading back to my overseas idyll and managing paper investments.
Can I ask if that's a way of not paying CGT on property if you live in it? Understand if you don't want to answer.
@@rikardsaje Primary Residence over One Year
@@rikardsaje Not any more. you just dont pay CGT for the growth for the time you live there
I am becoming concerned that the net is tightening on landlords regarding interest rate relief. In my view there is a risk that interest rate relief on btl properties in limited companies is next in the government's crosshairs.
Hi @KharmaComa123, we have answered your concern in our latest MW video - th-cam.com/video/24EuZnXNAe8/w-d-xo.html
@@APWPropertyUK Thank you!
Will the reduction in rental properties in London be replicated in similar cities sych as Edinburgh, another city with very high rents , low stock and high prices?
Looks like landlords would be better to ride out the 5 year labour term with high CGT and hope the conservatives get back in and reduce CGT.
Uniparty.
Get your tin hats on its kicking off
How do you study the PIE's in an area? I'm a first time buyer and it feels like the harder I look into what would be the best investment for me, the more confusing it gets. For example, the Office for National Statistics publish an interactive map showing population and employment change, but it doesnt actually say in what period of time! Comparing areas within my buying radius, employment increase can be as high as a 47% increase which seems rediculous - 47% since... 1100AD?
I'd love to know where you collect and compare data to judge the PIE's in an area, any advice could make a huge difference to me at the moment.
Thanks, Eiren.
Hi Eiren, having bought our first home 2 years ago it can be a bit overwhelming so I get where you're coming from. Just out of interest, have you looked at the latest ONS Report & Big Six Residential Report? If you'd like, we can connect and even if you want to do a Zoom, let's pencil it. I would like to know where about you're looking to buy in order to share you the latest updates, reports + PIE factor.
Only landlords who are over leveraged are selling.
That’s not true. Landlords with low LTV are selling for good reason.
I have 10 houses unencumbered and am looking to get out
the rise is merely because the premium of sales to compensate the tax increase
I live in a desirable town on Kent coast in a good address. There are, unusually 4 properties on my street including mine that are not selling. My 3 bed house has been on market since January, one other house has been for sale even longer. I have bought and sold houses several times over my life time and NEVER experienced this! I’m in a great PIE area with superb links to London fabulous amenities/schools and seafront, but not one offer. I thought people were waiting for the budget, what is going wrong? Please help! 😢
If no one comes to view or make an offer it must be overpriced.... Talk to a new estate agent..
Its obvious - overpriced
Everything sells at a price. Your other option is wait till after the budget when, I believe, most of this will turn out to be scare mongering. They won’t get growth if they knock the property market.
@@tony1816 I think you have been oversold by estate agent - have a look at moving home with charlie channel - they usually tell you what you want to hear to win business. Plus landlords selling up of course. Doubt about any crash - too much money printed
Hi @Shoshana-xh6hc, we have answered your question in our latest video! th-cam.com/video/24EuZnXNAe8/w-d-xo.html
Used to be anti landlord until i became 1 ... headache...
@@KimPhilby203 then chances are you’ll be a good landlord. Just remember your tenants pay your mortgage, anything else is a bonus.
Current labour leaders have no idea of how bad is the economy.
They are taking it more on cash based economy due to high cost and taxes..
days of free money/housing over...perhaps.
time to get a job/pay own mortgage.
Time to buy your own house 😂
@@heckings 7 years ago. cheers for advice😂
What do you do while you are saving up to get a mortgage. ?? Live on the street there are many reasons people rent houses. No. 1 they can’t get a mortgage ??
This is a disillusioned leftie .. almost all Labour governments borrow far more than conservatives and the general growth comes from that massive borrowing… we didn’t have covid under Labour.. but the borrowing were still very high.. to the point, there were no money left …
Thanks
You shall own nothing and be happy 👑✡33.