MORTGAGES

MORTGAGES

The Governor of The Bank of England has made it clear that he will do what it takes to keep the financial system from seizing up. This means lowering the bank rate and Quantitative Easing of up to £250 billion. So we can be sure that mortgage rates are not going up...
BREXIT COMMERCIAL PROPERTY FEARS

BREXIT COMMERCIAL PROPERTY FEARS

Property companies have been marked down sharply and when property funds stop investors taking out their money, that sends a scary message. But there are some important balancing factors: 1) Most quoted property companies have much stronger balance sheets than they...
PROPERTY I

PROPERTY I

When they try to talk down residential property prices remember this:   1) We are a tiny, overcrowded island: now the most dense in Europe. 2) Each year we build 135-150,000 houses when it is acknowledged we need 100,000 more than that. 3) The NIMBYs – ‘Not in my...
PROPERTY II

PROPERTY II

There are some scary stories around about residential property prices in London “dropping 20-30%”. Some of it is true but so one needs to be much more specific. The biggest problem is Nine Elms where they’ve built 18,000 apartments (Yep!) 17 developers all...
BREXIT: LONDON RESIDENTIAL PROPERTY

BREXIT: LONDON RESIDENTIAL PROPERTY

The market is understandably patchy as many prospective buyers ‘wait and see’ but it’s not dire. The doomsayers love to quote Nine Elms where there are 17 different projects running near simultaneously to sell 18,000 up-market homes. That is an example of rampant...