UK House price to soar by 16% Daily Express 30/05/11

irish_bob · **Joined:** Aug 26, 2012 **Posts:** 281

taipeir wrote:

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 ...

was 5% cheaper a month ago with the euro buying 92 pence , rents for two bed apartments in the city centre in limerick are 40% of what renters in dublin pay , i spoke to an estate agent today about it , £700 is about average for a two bed on the waterfront

your talking over a thousand pounds in rates too

catbear · **Posted:** Fri Sep 29, 2017 10:37 am

Was going to put this on the London has popped thread but that's a fact now. How it spreads beyond London is the question now.

Quote:

London house prices have fallen for the first time in eight years, the Nationwide says, dropping 0.6% year-on-year in September.
Across the UK, annual price growth slowed to 2%, down from 2.1% in August.
That is the slowest rate of increase since June 2013, according to the Nationwide measure.

http://www.bbc.co.uk/news/business-41439344

catbear · **Posted:** Tue Oct 17, 2017 8:34 pm

20 years of British house prices in one gif.
https://twitter.com/undertheraedar/stat ... 3159310336

snaps · **Joined:** Aug 19, 2011 **Posts:** 664

UK homeowners slash house prices by over £25,000 as property market slows
http://www.independent.co.uk/news/business/news/uk-house-prices-latest-updates-homeowners-slash-value-property-markets-london-sales-slows-a8116481.html

Quote:

UK homeowners desperate to sell their property in a slowing market have slashed their offer price by an average of £25,562, according to new figures from property website Zoopla.

An analysis of house price data across its website for November reveals that 35 per cent of properties on the market had been marked down, with average prices in London being cut by more than £50,000.

BoyRacer · **Joined:** Jul 26, 2009 **Posts:** 14892

Number of Londoners abandoning capital hits 10-year high - -> https://www.theguardian.com/uk-news/201 ... nd-bristol

Quote:

The urge to quit London is so widespread that only a handful of the remotest corners of England and Wales did not see at least someone from the capital arriving to start a new life last year.
According to the most recent official figures, analysed by the Guardian, 292,000 people left the metropolis in the year to the middle of 2016, up 14% on a decade earlier and the highest level since 2006.
The trend is being driven by people leaving London’s relatively expensive housing market but also by financially squeezed councils sending homeless families out of the capital – in some cases hundreds of miles away – because they cannot afford to buy housing stock in London. There are warning that incomers from the capital are causing social tensions in some areas.

there is more

dolanbaker · **Posted:** Tue Jan 02, 2018 10:13 pm

Plus the fact that English isn't even the most used language in many areas these days, classic "white flight".

mortgageboy · **Joined:** Oct 11, 2012 **Posts:** 691

A well informed person I know told me that asking prices for commercial office rents in London are down 20% and closings are down further still. (Compared with 2 years ago.)

catbear · **Posted:** Sat Jan 13, 2018 10:27 pm

Quote:

The firm is a key government contractor for projects including the HS2 high-speed rail scheme, schools and prisons.
Sources say the firm has a "matter of days" as it teeters on the edge of collapse, with £1.5bn of debt including a pension shortfall of £587m.

http://www.bbc.co.uk/news/business-42675427

I think it's the second biggest construction company in the UK.

catbear · **Posted:** Mon Jan 15, 2018 8:11 pm

Fair to call it bust?

Terra Incognita · **Posted:** Mon Jan 15, 2018 10:10 pm

But then again not all UK builders are having problems.
Bellway is a major residential builder in the UK, aside from the Brexit vote blip it is doing really well.

Quote:

The housebuilding companies keep posting stunning results and today’s full-year figures from FTSE 250 firm Bellway (LSE: BWY) are no exception. Compared to a year ago, revenue lifted a little over 14% and earnings per share almost grew 13%. The directors expressed their ongoing confidence in the outlook by pushing the dividend 13% higher.

It seems there’s no end to the demand for new housing and nothing much on the economic horizon to threaten that situation. The Bank of England warns that base interest rates are set to rise, but no one expects them to hit double-digits soon, so new houses look set to remain within the borrowing capabilities of many.

https://www.fool.co.uk/investing/2017/10/17/forget-the-ftse-100-these-mid-caps-could-make-you-rich/

Terra Incognita · **Posted:** Mon Jan 15, 2018 10:16 pm

catbear wrote:

Quote:

The firm is a key government contractor for projects including the HS2 high-speed rail scheme, schools and prisons.
Sources say the firm has a "matter of days" as it teeters on the edge of collapse, with £1.5bn of debt including a pension shortfall of £587m.

http://www.bbc.co.uk/news/business-42675427

I think it's the second biggest construction company in the UK.

Compulsory Liquidation today!
http://www.hl.co.uk/shares/share-resear ... iquidation
[quote]Carillion has announced that it will enter compulsory liquidation with immediate effect.

This follows discussions between the group and financial and other stakeholders, including the government, regarding options to reduce debt and strengthen its balance sheet.

The group's assets will now be sold in order to meet outstanding financial liabilities - including a pension deficit which stood at £587m at the half year and net debt of around £900m at the year end. In our opinion it is unlikely that there will be any money remaining for shareholders. Trading in Carillion shares has been suspended./quote]

Terra Incognita · **Posted:** Mon Jan 15, 2018 10:16 pm

catbear wrote:

Quote:

The firm is a key government contractor for projects including the HS2 high-speed rail scheme, schools and prisons.
Sources say the firm has a "matter of days" as it teeters on the edge of collapse, with £1.5bn of debt including a pension shortfall of £587m.

http://www.bbc.co.uk/news/business-42675427

I think it's the second biggest construction company in the UK.

Compulsory Liquidation today!
http://www.hl.co.uk/shares/share-resear ... iquidation

Quote:

Carillion has announced that it will enter compulsory liquidation with immediate effect.

This follows discussions between the group and financial and other stakeholders, including the government, regarding options to reduce debt and strengthen its balance sheet.

The group's assets will now be sold in order to meet outstanding financial liabilities - including a pension deficit which stood at £587m at the half year and net debt of around £900m at the year end. In our opinion it is unlikely that there will be any money remaining for shareholders. Trading in Carillion shares has been suspended.

Epicurus · **Joined:** Sep 9, 2017 **Posts:** 154

catbear wrote:

Fair to call it bust?

Wouldn't underestimate the hand of technology here, making location somewhat redundant to a surprisingly large number of activities. Central Dublin better not believe it is immune when you get pricey enough.

catbear · **Posted:** Tue Jan 16, 2018 1:44 pm

Terra Incognita wrote:

But then again not all UK builders are having problems.
Bellway is a major residential builder in the UK, aside from the Brexit vote blip it is doing really well.

Interesting, Bellway to be a bellwether.

Epicurus · **Joined:** Sep 9, 2017 **Posts:** 154

Quote:

End of the home owning dream as housing drought prices out families: Number of properties available down by 16 per cent in past year leading to soaring prices

A housing drought is driving prices to new heights, killing the home-owning dreams of thousands of families.

The number of houses on the market across England has fallen by almost 140,000 – 16 per cent – in the past year.

Prices are soaring as a result, with predictions the average cost in London could reach £1million within five years. Experts blame the crisis on both a lack of houses being built and the fact that sellers are ‘sitting on their hands’.

http://www.dailymail.co.uk/news/article-3242594/End-home-owning-dream-housing-drought-prices-families-Number-properties-available-16-cent-past-year-leading-soaring-prices.html

Quote:

Can't buy, won’t buy: Generation Rent is real.

Today the respected Institute for Fiscal Studies sets out in hard numbers the blunt truth of the property market. If you were born in the late Seventies, you had a 43 per cent chance of owning a home of your own by the time you were 27.

If you were born in the late Eighties, that falls to 25 per cent.

Put it another way: you can have a good job, a car, children — all the tests and joys of adulthood — but the odds are you are still paying rent and may keep on doing so for the rest of your life.

And to Londoners it will be no surprise that the problem is worse in the capital.

Only 20 per cent of 25-34-year-olds here own their home — and things aren’t much better elsewhere in the South-East.

This isn’t just unfair, it hits ambition and holds back hope. Not that you’d know this if you listen to our leaders. They talk all the time about housing and helping young people.

https://www.standard.co.uk/comment/comment/evening-standard-comment-no-home-to-go-to-crisis-of-renting-hits-hard-a3768461.html

These headlines coming to a Dublin newsstand any day now

UK House price to soar by 16% Daily Express 30/05/11

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