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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Fri May 12, 2017 6:17 pm 
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dolanbaker wrote:
The landed elite would squash any government minister who even contemplated to do that!

Well flogging off property to foreigners mightn't be as easy in rebel roused Brexit but even so can they defy demographics?
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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Sat May 13, 2017 3:50 pm 
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catbear wrote:
dolanbaker wrote:
The landed elite would squash any government minister who even contemplated to do that!

Well flogging off property to foreigners mightn't be as easy in rebel roused Brexit but even so can they defy demographics?
Image

I'll have to be honest, I don't understand the charts, but what are they saying?
My comment was simply that no government would do anything to stop individuals from acquiring multiple properties, even if that pushes their price above what the typical homebuyer could ever afford.

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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Sat May 13, 2017 4:14 pm 
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dolanbaker wrote:
I don't understand the charts, but what are they saying?


They seem to be making the point that house prices are correlated with the dependency ratio. It might be true but they are more than a little misleading, as all the vertical axes have been adjusted to make it look more obvious.


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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Fri May 26, 2017 7:55 pm 
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Quote:
Meanwhile, in 2016 net migration to the UK drop by 84,000 compared to 2015.

In 2016 40,000 more EU citizens emigrated from the UK and 43,000 fewer immigrated to the UK, compared to 2015.

https://www.neweurope.eu/article/uk-eco ... s-leaving/

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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Fri Aug 11, 2017 12:10 pm 
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Quote:
This month, the headline price growth gauge slipped from +7% to +1%, signalling prices were broadly flat over the period and representing the softest reading since early 2013. Nevertheless, the national figure conceals diverging trends across parts of the UK. Indeed, house prices remain quite firmly on an upward trend in some areas, led by Northern Ireland, the West Midlands and the South West.
By way of contrast, the net balance reading for central London remains negative with the pace of decline broadly matching that of the previous three months. Moreover, chartered surveyors are starting to report early signs of this flatter trend permeating outside the capital, as the price balance for the South East of England fell into negative territory, posting the weakest reading for this part of the country since 2011.

http://www.rics.org/uk/news/news-insigh ... faltering/

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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Fri Aug 11, 2017 7:48 pm 
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tinneym wrote:
dolanbaker wrote:
I don't understand the charts, but what are they saying?


They seem to be making the point that house prices are correlated with the dependency ratio. It might be true but they are more than a little misleading, as all the vertical axes have been adjusted to make it look more obvious.

Plus they're wrong. The Ireland graph is 5 years out of date

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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Thu Aug 24, 2017 12:09 am 
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Sick and tired of daily worrying about house prices?
Then worry about something else instead!
Why not worry about ... World War Three?? :shock:

http://www.express.co.uk/latest/world-war-3


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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Fri Sep 22, 2017 9:54 pm 
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surprised no one ever takes notice of the northern ireland property market , specifically belfast , prices are absurdly cheap


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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Fri Sep 22, 2017 11:03 pm 
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irish_bob wrote:
surprised no one ever takes notice of the northern ireland property market , specifically belfast , prices are absurdly cheap

They're cheap for a reason!

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Ronald Coase, Nobel Economic Sciences, said in 1991 “If we torture the data long enough, it will confess.”
"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild


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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Sat Sep 23, 2017 10:34 am 
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dolanbaker wrote:
irish_bob wrote:
surprised no one ever takes notice of the northern ireland property market , specifically belfast , prices are absurdly cheap

They're cheap for a reason!


what reason might that be ?

i realise wages in northern ireland as a a whole are well below the south but belfast appears cheaper than limerick from what i can see


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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Sat Sep 23, 2017 11:20 am 
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irish_bob wrote:
dolanbaker wrote:
irish_bob wrote:
surprised no one ever takes notice of the northern ireland property market , specifically belfast , prices are absurdly cheap

They're cheap for a reason!


what reason might that be ?

i realise wages in northern ireland as a a whole are well below the south but belfast appears cheaper than limerick from what i can see

The troubles bay be over, but the sectarianism is still rife in many parts of Belfast, so who would want to live in an area that experiences civil unrest at certain times of the year.

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"Democracy is like sausage, you want it, but you don't want to know how it is made". [John Godfrey Saxe]
Ronald Coase, Nobel Economic Sciences, said in 1991 “If we torture the data long enough, it will confess.”
"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild


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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Sat Sep 23, 2017 5:17 pm 
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dolanbaker wrote:
irish_bob wrote:
dolanbaker wrote:
irish_bob wrote:
surprised no one ever takes notice of the northern ireland property market , specifically belfast , prices are absurdly cheap

They're cheap for a reason!


what reason might that be ?

i realise wages in northern ireland as a a whole are well below the south but belfast appears cheaper than limerick from what i can see

The troubles bay be over, but the sectarianism is still rife in many parts of Belfast, so who would want to live in an area that experiences civil unrest at certain times of the year.


i was looking at city centre properties , not east or west belfast , its cheaper than limerick in much of belfast , weak pound making it very cheap


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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Sat Sep 23, 2017 8:34 pm 
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irish_bob wrote:
.....


i was looking at city centre properties , not east or west belfast , its cheaper than limerick in much of belfast , weak pound making it very cheap


I think you have to realise that Dublin housing is expensive rather than Belfast housing being cheap. Belfast housing is just over 7X (160k) the average salary (22k) vs Dublin (360k) which is just over 10X the average salary in Dublin (35k) for comparison London is just under 14X and Edinburgh just under 10X. Belfast seems to be more expensive than other UK cities that don't have big Financial Services and/or IT industries - Glasgow and Manchester are just under 6X. I found salaries and house prices by googling - they are all recent i.e. 2017 figures. It's difficult to compare with European cities as they don't seem to be as obsessed with property prices as Ireland and the UK.

There is no huge expansion of employment/population on the horizon for Belfast - if anything it's likely to be the reverse - so I think I would view Belfast property as overpriced - certainly from an investment point of view.


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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Sun Sep 24, 2017 1:21 am 
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metalmike wrote:
There is no huge expansion of employment/population on the horizon for Belfast.

What about the DUP getting a billion quid for voting with the Tories, then voting with Labour on unfreezing public sector pay? Surely the smart ballsy people should be buying Belfast property near public buildings and renting to civil servants. :wink:

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 Post subject: Re: UK House price to soar by 16% Daily Express 30/05/11
PostPosted: Sun Sep 24, 2017 4:24 am 
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metalmike wrote:
irish_bob wrote:
.....


i was looking at city centre properties , not east or west belfast , its cheaper than limerick in much of belfast , weak pound making it very cheap


I think you have to realise that Dublin housing is expensive rather than Belfast housing being cheap. Belfast housing is just over 7X (160k) the average salary (22k) vs Dublin (360k) which is just over 10X the average salary in Dublin (35k) for comparison London is just under 14X and Edinburgh just under 10X. Belfast seems to be more expensive than other UK cities that don't have big Financial Services and/or IT industries - Glasgow and Manchester are just under 6X. I found salaries and house prices by googling - they are all recent i.e. 2017 figures. It's difficult to compare with European cities as they don't seem to be as obsessed with property prices as Ireland and the UK.

There is no huge expansion of employment/population on the horizon for Belfast - if anything it's likely to be the reverse - so I think I would view Belfast property as overpriced - certainly from an investment point of view.


Belfast is still a major city on the island if Ireland.
It does look pretty sweet price wise.

If not for Brexit uncertainty ...


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