50%+ falls on buy to let repossessed flats already and collapsing rents as well.
Its no wonder that so many landlords want to sell up and get out before it gets any worse.
All those in it for the long term and have been gearing, they better have a big store of capital to put into their properties to make up for the price falls or they are finished.
The Property market is and always has been cyclical. All that has happen is that it moved past the peak in the cycle in August 2007. If you had seen the cycle top coming, you could have sold out before the peak. And now it is likely to keep sliding until at least 2011-12, and the next several months may be particularly devasting.
The Bulls who ignored cycles, will now pay for that oversight. And those who understand them, and use them well will be the big winners.
Prices have plummeted since this video came out 5 months ago. Buy to let investors have been proved horribly wrong as their potential pension dramatically falls in value (about 20-30% at this time).
Now rents are falling fast as people who can't sell their homes are putting them up for rent creating a oversupply and more potential void periods for investors.
4 months on from my last post, its got far worse.
50%+ falls on buy to let repossessed flats already and collapsing rents as well.
Its no wonder that so many landlords want to sell up and get out before it gets any worse.
All those in it for the long term and have been gearing, they better have a big store of capital to put into their properties to make up for the price falls or they are finished.
Panic is now wide spread in buy to let. :)
brit1664 3 years ago
The Property market is and always has been cyclical. All that has happen is that it moved past the peak in the cycle in August 2007. If you had seen the cycle top coming, you could have sold out before the peak. And now it is likely to keep sliding until at least 2011-12, and the next several months may be particularly devasting.
The Bulls who ignored cycles, will now pay for that oversight. And those who understand them, and use them well will be the big winners.
BubbFromGEI 3 years ago
Prices have plummeted since this video came out 5 months ago. Buy to let investors have been proved horribly wrong as their potential pension dramatically falls in value (about 20-30% at this time).
Now rents are falling fast as people who can't sell their homes are putting them up for rent creating a oversupply and more potential void periods for investors.
The crash is here with 50% falls comming
brit1664 3 years ago
I hope there is a houseing crash ??
There wont be of course we live on an isalnd so land and property will always go up
what will happen is we will follow the Europen Model of more rentals and less house ownership
There will always be a landlord who will purchase
I would say in 25 years most flats will be owned by a Landlord look at history we are moveing back to a market seen in the 1950,s
Landlords will become more powerfull
nylonTS 3 years ago
Property is going to crash especially due to the buy to let sector. They all seem to be bailing out this April.
Why do buy to let when you are losing all your capital gains especially when rents are not covering the mortgage payments.
Buy to let is just one big pyramid scheme bursting especially for the investors in the last couple of years.
Prices are coming down due to tightening/more expensive lending and greater supply.
brit1664 4 years ago