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Brit Sixteen Sixty Four
Brit Sixteen Sixty Four
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my expertise in the industry

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Brit Sixteen Sixty Four
Its a miss-allocation of resources which could of been diverted to build the homes Londoners need. We need a clamp down on this and fast as it is not solving the housing crisis and the ripple out in prices is costing us all dearly.

From: Brit Sixteen Sixty Four 05 April 2017 12:14 PM

Brit Sixteen Sixty Four
Good to see the housing bubble bursting in South East finally.

From: Brit Sixteen Sixty Four 03 April 2017 09:44 AM

Brit Sixteen Sixty Four
I believe the amount the government will get will fall as house prices correct downwards as the housing bubble deflates.

From: Brit Sixteen Sixty Four 13 March 2017 10:30 AM

Brit Sixteen Sixty Four
Stamp duty isn't the problem, it is the housing bubble. In fact Stamp duty changes are actually helping to take the heat out of the housing bubble and bring down prices. I would prefer that homes go to Londoners and families rather than foreign money launders and buy to let landlords who already have many homes especially during this housing shortage.

From: Brit Sixteen Sixty Four 09 March 2017 15:24 PM

Brit Sixteen Sixty Four
Michael you are wrong, the number of first time buyers has increased according to the official figures. Also it will gradually increase supply as people will be unlikely keep their existing flat when they go to buy a bigger property like what use to happen pre change. More property bought by people wanting to own their own home rather than landlords will also increase transactions as owners up size which surely has to be good for estate agent commissions. As for a booming market, no it was just a dangerous speculative bubble which had to have the brakes put on to stop it damaging the economy.

From: Brit Sixteen Sixty Four 03 March 2017 11:02 AM

Brit Sixteen Sixty Four
Soon to end as house price falls across the capital pick up and spread across the country.

From: Brit Sixteen Sixty Four 27 February 2017 11:27 AM

Brit Sixteen Sixty Four
London will soon be very negative as the price falls spread to the suburbs and south east. Looks like the bubble has finally burst even without the landlord tax changes coming in April.

From: Brit Sixteen Sixty Four 24 February 2017 08:29 AM

Brit Sixteen Sixty Four
Could be due to property sales falling at auctions at the moment. I guess you need to sell a certain amount at the right price to justify the cost of auction, when the majority don't sell you have problems. On the plus side it could mean less new homes under the hammer, on the negative side it could mean even more repeats of old homes under the hammer.

From: Brit Sixteen Sixty Four 14 February 2017 09:59 AM

Brit Sixteen Sixty Four
There should be a ban on foreign buyers unless they work and live here. This is pure money laundering.

From: Brit Sixteen Sixty Four 27 January 2017 11:27 AM

Brit Sixteen Sixty Four
High stamp duty and higher taxes on landlords is the only thing which looks good at the moment. It will mean cheaper more affordable homes for ordinary people to buy. Landlords reduce supply and force prices up, it is about time they were curtailed. More normal people buying the stock and having to sell as their needs increase means more transactions for estate agents as landlords just horde properties long term.

From: Brit Sixteen Sixty Four 25 January 2017 10:44 AM

Brit Sixteen Sixty Four
Equity release is just another way to try to keep the housing bubble going. Debt, debt and more debt won't give us a healthy economy. Just another solution to force my and younger generations to pay for the baby boomers lifestyle whilst we are denied the opportunities they had for home ownership.

From: Brit Sixteen Sixty Four 10 January 2017 09:51 AM

Brit Sixteen Sixty Four
Yes we have a mass property bubble caused by irresponsible lending, cheap credit and mass fraud/laundering. The bubble is already popping in London and spreading to SE. What are they going to try to stop the crash this time with interest rates near 0?

From: Brit Sixteen Sixty Four 05 January 2017 10:46 AM

Brit Sixteen Sixty Four
We still have a giant house price bubble, its going to crash at some point. The market looks very vulnerable much like 2008, could crash at any moment as confidence is collapsing.

From: Brit Sixteen Sixty Four 19 December 2016 10:22 AM

Brit Sixteen Sixty Four
Transactions will increase when prices come down to more rational levels to match the current tax and lending restrictions.

From: Brit Sixteen Sixty Four 14 December 2016 08:50 AM

Brit Sixteen Sixty Four
I guess Money laundering of foreign investors might actually be over. Hopefully we can now get lower prices and higher transactions from domestic buyers who actually want to live in the homes.

From: Brit Sixteen Sixty Four 06 December 2016 12:06 PM

Brit Sixteen Sixty Four
Help to buy has has been a nightmare, all it has done is push up house prices beyond reach of first time buyers. As for the governments affordable starter homes they have never materialized. Years after the announcement I have never seen them and many who have been waiting years for them patiently are now excluded due to the age 40 limit.

From: Brit Sixteen Sixty Four 06 December 2016 12:02 PM

Brit Sixteen Sixty Four
No sympathy for Berkeley Homes, maybe they should try building homes for working Londoners instead of rich foreign investors.

From: Brit Sixteen Sixty Four 05 December 2016 12:08 PM

Brit Sixteen Sixty Four
Starting to see closed estate agencies across West London again. No where on the scale of 2008 but clearly a downturn developing.

From: Brit Sixteen Sixty Four 02 December 2016 14:17 PM

Brit Sixteen Sixty Four
Dataloft are speaking rubbish, prices in London are at a peak and beyond affordability. Half a million for outer lying flats, there is simply not room for a 10% price increase with out a sudden mass rise in wages which is unlikely.

From: Brit Sixteen Sixty Four 28 November 2016 10:42 AM

Brit Sixteen Sixty Four
The problem with removing stamp duty under £400k is that the initial cost savings on stamp duty would be swallowed up by higher house prices. Yes there would be an initial increase in transactions but that would soon tail off. Henry Pryor is spot on with his observations yet again. Post credit crunch with all the low interest rates, QE foreign investors piled into the London market much of it as laundered money. The huge price rises on these bought cash box properties soon rippled out across the South East and priced out a lot of the domestic market. The stamp duty changes were a welcome break on this and those central estate agents made lots of easy money before this so of course they are upset. They just need to work a bit harder now rather than moaning and taking huge amounts of foreign capital for granted.

From: Brit Sixteen Sixty Four 16 November 2016 10:41 AM

Brit Sixteen Sixty Four
Increasing private rents despite all the mortgage rate cuts?

From: Brit Sixteen Sixty Four 15 November 2016 09:33 AM

Brit Sixteen Sixty Four
I think any sane person is happy with the partial reduction in tax relied landlords get. It would of probably been more simple and healthier to ban interest only from buy to let to give first time buyers an even playing field. However something had to be done. We have to admit there was a problem with money laundering and house cash boxes at the top end of the market. There was issues with multi home owners buying up an ever smaller supply of housing. Yes maybe the tax receipts have dropped a bit but isn't that worth it to have a more stable housing?

From: Brit Sixteen Sixty Four 15 November 2016 09:31 AM

Brit Sixteen Sixty Four
So nothing about prices being at their peak, they have gone beyond affordability. Wages were not going up so at some point prices would reach their limit. 2 bed flats priced in cheap parts of London at 1/2 million was just crazy fueled by foreign investors rather than good UK jobs.

From: Brit Sixteen Sixty Four 08 November 2016 00:25 AM

Brit Sixteen Sixty Four
The stamp duty and landlord tax allowance changes are extremely important for first time buyers. The main issue isn't the size of deposit or if they can get an irresponsibly low deposit mortgage but the high prices in this property bubble. Reversing the chancellors changes will be a kick in the teeth for those wanting to own their own home . Instead landlords will continue to remove supply and push up costs.

From: Brit Sixteen Sixty Four 31 October 2016 13:11 PM

Brit Sixteen Sixty Four
Paul Carton you have received years of near zero interest rates and now another -0.25%. Good to know you will so easily raise rents when you have been bailed out so much at the expense of saver many first time buyers saving their deposits.

From: Brit Sixteen Sixty Four 16 October 2016 22:16 PM

Brit Sixteen Sixty Four
Te prices falls are rippling out faster from central London at the moment. If nothing changes in the Autumn statement then this will continue.

From: Brit Sixteen Sixty Four 14 October 2016 08:59 AM

Brit Sixteen Sixty Four
Meanwhile in the real world most first time buyers are priced out of the market due to buy to let investors and foreign buyers buying up all the homes. Tens of thousands of flat being built in London not for residents or key workers. No being built for investors many from thousands of miles away and not even intending to live in the properties. We have seen London become the world capital of money laundering using dodgy companies based in tax havens to buy up property. The stamp duty changes have helped combat this and are starting to bring down the inflated house prices.

From: Brit Sixteen Sixty Four 11 October 2016 20:39 PM

Brit Sixteen Sixty Four
As home ownership plummets the buy to let changes were the best thing George Osborne did. Lets hope they are kept. Landlords should pay tax and not rewarded for over leveraging huge amounts of borrowed money and pricing out first time buyers. The simple compromise is to ban interest only mortgages for buy to let.

From: Brit Sixteen Sixty Four 12 September 2016 22:01 PM

Brit Sixteen Sixty Four
Rubbish, the house builders should build homes that London workers can buy rather than luxury investment properties for foreigners. The stamp duty changes are welcomed at calming what was a runaway mega housing bubble.

From: Brit Sixteen Sixty Four 07 September 2016 19:24 PM

Brit Sixteen Sixty Four
Got to stop the housing bubble from crashing. What a crazy world we live in, free market capitalism has been killed off, instead we now reward reckless debt. What could go wrong!!!!!!!!

From: Brit Sixteen Sixty Four 07 September 2016 19:18 PM

Brit Sixteen Sixty Four
Coming from the man who is destroying pensions and savings through his NIRP policy, its sickening. He is destroying prudent practice of saving for retirement and instead trying to promote reckless property speculation during a housing bubble.

From: Brit Sixteen Sixty Four 30 August 2016 09:02 AM

Brit Sixteen Sixty Four
Falling prices is not a bad thing especially for Estate Agents. If prices fell back to non inflated levels then transactions would increase. At the moment we are just falling from peak bubble levels and has priced people out.

From: Brit Sixteen Sixty Four 23 August 2016 12:44 PM

Brit Sixteen Sixty Four
What tosh. We all know that Rightmoves initial asking price index isn't worth the paper its written on. Why can Rightmove simply include all asking prices with if older properties on the list if they have gone up or down in price request. For example if a new property comes on at a record high asking price but doesn't sell its high price is recorded in the rightmove figures. Later if they drop the asking price the drop is not included. It is such a flawed and misleading house price index. We all know we have a housing bubble, prices are extremely inflated. The sooner they fall to more normal levels the more transactions can take place. We all know people at the moment are putting off buying as expecting house prices to fall. The sooner it happens the sooner estate agents can start making money again.

From: Brit Sixteen Sixty Four 11 August 2016 10:37 AM

Brit Sixteen Sixty Four
Foxtons has always had the reputation for overvaluing properties to get business. I don't think that will work in a falling/collapsing market as the London property bubble bursts.

From: Brit Sixteen Sixty Four 29 July 2016 10:46 AM

Brit Sixteen Sixty Four
The London housing Bubble was going to burst despite Bexit, how about Foxtons look at taking money laundering sales perhaps. Or was that just one case or two or twenty or more? Their share value has further to fall till the government does another big bailout to restore this stupid housing bubble.

From: Brit Sixteen Sixty Four 25 July 2016 10:56 AM

Brit Sixteen Sixty Four
The effect of Brexit won't be seen as a sudden giant slow down but a general slow down and reduction in prices over the coming month and years. The economic factors will have an effect combined with the problems in the European banks and far east slow down/recession. I guess those estate agents who price right will get the buyers, those who inflate prices will have limited transactions. We have now entered a buyers market.

From: Brit Sixteen Sixty Four 07 July 2016 08:54 AM

Brit Sixteen Sixty Four
Its the post brexit price falls that we should be interested in. Chains are collapsing with people pulling out. I don't see this stopping till the new government is formed and post brexit plans are finalised. Too many big businesses are looking at plans to reorganise, there will be pain.

From: Brit Sixteen Sixty Four 29 June 2016 00:54 AM

Brit Sixteen Sixty Four
People just need to price realistically or they might be endanger of chasing the market down and getting less in the long run.

From: Brit Sixteen Sixty Four 27 June 2016 13:48 PM

Brit Sixteen Sixty Four
Mark Carney has never risen interest rates in his career, even in Canada he didn't and caused their housing bubble their like our 2010 one. Who would want Foxton shares anyway. Property prices were already falling in Foxtons main areas for last year mainly because of the 1st stamp duty changes. The second stamp duty changes and Brexit make Foxtons look vulnerable. These central London estate agent chains are packed on mass onto every high street corner, there is simply not enough business to support them all.

From: Brit Sixteen Sixty Four 27 June 2016 13:42 PM

Brit Sixteen Sixty Four
Prices will continue falling if we leave or stay in. Is he suddenly going scrap his stamp duty and buy to let tax changes? Is he going to reverse the Chinese capital restraints, the Russian sanctions. Is he going to stop the South East Asian slow down or naming the owners of tax haven company properties in the UK? No, the housing bubble is going to continue to collapse. Domestic wage growth isn't high enough to maintain these prices.

From: Brit Sixteen Sixty Four 23 May 2016 21:50 PM

Brit Sixteen Sixty Four
Prices will continue falling if we leave or stay in. Is he suddenly going scrap his stamp duty and buy to let tax changes? Is he going to reverse the Chinese capital restraints, the Russian sanctions. Is he going to stop the South East Asian slow down or naming the owners of tax haven company properties in the UK? No, the housing bubble is going to continue to collapse. Domestic wage growth isn't high enough to maintain these prices.

From: Brit Sixteen Sixty Four 23 May 2016 21:49 PM

Brit Sixteen Sixty Four
House price falls can ripple out of central London just as house price rises have rippled out before. Nine Elms is not central London and the prices are falling like other struggling developments across London. Yearly figures will hide the slowdown, monthly ones will show the spread/contagion.

From: Brit Sixteen Sixty Four 20 May 2016 13:47 PM

Brit Sixteen Sixty Four
And so it begins. The central London property crash is really starting to get traction. The panama papers with the naming of properties owners in off shore companies combined with the planned marketing of properties to Londoners for 6 months before foreign investors will speed this up. We haven't even got onto the effect of Brexit on house prices.

From: Brit Sixteen Sixty Four 20 May 2016 00:06 AM

Brit Sixteen Sixty Four
Prices for first time buyers will fall, give it time. Also Mr Shipside your Rightmove initial asking price index is the worst house price index in the land. It is considered by many as a joke and pretty meaningless. Why can't we have a proper asking price index which includes changes to prices for existing properties if the price goes up or down.

From: Brit Sixteen Sixty Four 16 May 2016 21:15 PM

Brit Sixteen Sixty Four
Biased news article choosing selected dates and areas. We all know prices have been falling in central London for over 6 months and are rippling out. This is misleading spin trying to talk up the market rather than report what is happening now. Why can't they give a fair balanced what is happening in the different areas of London.

From: Brit Sixteen Sixty Four 12 May 2016 00:24 AM

Brit Sixteen Sixty Four
Property investment company says it is good to invest in property. lol No vested interest there. ;) They are not panicking that prime London property prices are crashing and foreign investors are pulling out on mass. There are not Chinese investors telling the builders to come and try to find them in China to sue. There is not a "Nine Elms disease" spreading from Battersea to huge banks of luxury flats unsold across the capital. Your have to buy these over priced homes now otherwise these property investor companies won't be happy.

From: Brit Sixteen Sixty Four 11 May 2016 16:32 PM

Brit Sixteen Sixty Four
I like the way they are trying to blame BREXIT for the fall in house prices. In reality its down to George Osbourne creating a mega housing bubble with Help to Buy, Low interest rates, Funding for Lending, QE and other stupid schemes. The bubble was never going to not pop, it started last year with the far east economic collapse and Russian sanctions.

From: Brit Sixteen Sixty Four 10 May 2016 16:51 PM

Brit Sixteen Sixty Four
Why should he get a pay rise when Foxtons are likely to be shedding staff and branches as the London house price crash continues. The Foxton share price is falling so much as investors are shorting the Foxton shares as they don't thinks the company is viable with the fall in house prices as the bubble deflates. There move to the suburbs is too late to save them as the prices will shortly start falling there like central London as the price falls ripple out.

From: Brit Sixteen Sixty Four 10 May 2016 16:46 PM

Brit Sixteen Sixty Four
Foxtons is still being shorted by share investors, they expect it to fail. With house prices crashing in central London and fanning out there isn't enough business to keep them going in present form. With the far east economic meltdown, Russian sanctions and action on tax haven company's after the Panama papers the money is drying up and central London prices will continue to fall.

From: Brit Sixteen Sixty Four 02 May 2016 14:08 PM

Brit Sixteen Sixty Four
Kate Faulkner is speaking rubbish. In much of the country the housing bubble is far bigger than 2007 she seems to be ignoring the London and the South. She mentions schemes like help to buy that is tax payers money going straight to builders to vastly inflate their house prices, it is morally wrong.House prices in London are 8-12 times average salaries for the area, it is totally unaffordable. Thankfully the housing bubble is gaining momentum in London at collapsing. 2016 is the new 2008.

From: Brit Sixteen Sixty Four 20 April 2016 12:35 PM

Brit Sixteen Sixty Four
That's why London house prices are falling, they are vastly overvalued and now the speculators are pulling out its all going down.

From: Brit Sixteen Sixty Four 19 April 2016 11:43 AM

Brit Sixteen Sixty Four
Nothing to do with property prices in London being vastly over priced with foreign money drying up with Russian sanctions, China economic meltdown and capital controls in China and Malaysia. The simple fact is in London we have 50,000 overpriced luxury flats being built this year with foreign investors who were meant to buy them pulling out, prices been falling a while. It is nothing to do with Brexit just an oversupply of over priced housing.

From: Brit Sixteen Sixty Four 15 April 2016 10:59 AM

Brit Sixteen Sixty Four
The property market crash seems to really be gaining speed. London prices did go very silly it was never sustainable, just based on rampant speculation than sound economics.

From: Brit Sixteen Sixty Four 11 April 2016 12:28 PM

Brit Sixteen Sixty Four
RE "Foxtons’ performance is often seen as a barometer of the wider London housing market" It is, that's why its share price is collapsing and being shorted by investors. The London property market is highly overvalued and falling from the center. Investors believe Foxtons a bad risk.

From: Brit Sixteen Sixty Four 09 March 2016 16:08 PM

Brit Sixteen Sixty Four
Not tax hikes but partial removal of tax subsidies which 1st time buyers don't get. The whole buy to let interest only gearing model is nothing more than rampant tax avoidance. Buy to let is an investment like shares (case law) not a business and should pay tax like other investments.

From: Brit Sixteen Sixty Four 09 March 2016 16:03 PM

Brit Sixteen Sixty Four
I don't think anyone is predicting London prices will rise. 50,000 luxury flats being built, no buyers and existing buyers pulling out.

From: Brit Sixteen Sixty Four 05 March 2016 19:34 PM

Brit Sixteen Sixty Four
London is primed for a big property crash, 50,000 luxury flats coming onto the market and no one buyer. In fact foreign nationals are actually trying to sell. 2016 seems to be the turning point for house prices, how much they fall we don't know but it could be big due to them being so overvalued.

From: Brit Sixteen Sixty Four 26 February 2016 16:13 PM

Brit Sixteen Sixty Four
The report is a load of rubbish. It is based on the views of the builders not independent economists. There is no proper examination of its effects on property prices. Its just builders patting themselves on the back for getting free money allowing them to keep prices artificially high. The historic evidence supports the more cheap credit available the higher house prices go. The simplest example of this is when interest rates go up house prices fall, when they go down house prices rise.

From: Brit Sixteen Sixty Four 16 February 2016 15:11 PM

Brit Sixteen Sixty Four
Rubbish, Prime London is falling in price with stamp duty changes, far east economic problems and Russian sanctions. Just look at the prime London Newbuild defaults as Chinese investors are pulling out after just paying their reservation fees. Cluttons aren't allowed to say house prices are going to fall as it will damage there business, stagnating is as close as they can say.

From: Brit Sixteen Sixty Four 08 February 2016 16:18 PM

Brit Sixteen Sixty Four
Let hope sensible house and flat prices return. Homes are to live in not to be foreign money cash boxes especially when there is a housing shortage.

From: Brit Sixteen Sixty Four 02 February 2016 19:16 PM

Brit Sixteen Sixty Four
"THE issue is tax relief every single other business in the country can claim on their borrowing for their business investments," Sorry but Buy to Let is an investment not a business. The case law to state buy to let is an investment is under Rashid v Garcia. Landlords should pay tax and not have unfair tax advantages over first time buyers.

From: Brit Sixteen Sixty Four 26 January 2016 18:11 PM

Brit Sixteen Sixty Four
I think buy to let sell offs and stamp duty changes on second properties will increase supply post April. On top of that in London we have have huge amounts of new builds being built for foreign investors who are pulling out with the global slowdown in far east.

From: Brit Sixteen Sixty Four 13 January 2016 16:44 PM

Brit Sixteen Sixty Four
A slump in house prices is actually good for the economy. How can high values be good when we are saddled with huge mortgage debt draining our wages which could otherwise be spent on buying productive goods and services. We have a housing bubble re-inflated with cheap credit after the credit crunch. What happens at the next economical meltdown as interest rates are already at rock bottom? We need to get rid of help to buy, funding for lending which is pushing up house prices dramatically saddling the tax payers and home owners with extreme debt. We also need to tackle landlord debt by placing them on repayment mortgages rather than interest only mortgages due to the huge fraud of lying about repayment vehicles.

From: Brit Sixteen Sixty Four 10 January 2016 09:22 AM

Brit Sixteen Sixty Four
The stamp duty changes and cutting of tax relief is welcomed by first time buyers who are increasingly being pushed out of home ownership by landlords. We have a big housing problem and these measures go so way to help, yes we need more houses but we can't have all the stock going to landlords.

From: Brit Sixteen Sixty Four 10 January 2016 09:08 AM

Brit Sixteen Sixty Four
We have already had massive house price increases due to 0.5% trillions in QE worldwide and funding for lending. Don't people realise that cheap credit keeps creating these housing bubbles. Far better to place house prices back in the inflation figures (RPI) and raise interest rates when it starts to rise above normal inflation.

From: Brit Sixteen Sixty Four 08 December 2015 12:12 PM

Brit Sixteen Sixty Four
I agree, shared ownership is just another way builders can keep house prices high by increasing lending limits. The extra restrictions and costs shared ownership bring are also a huge con.

From: Brit Sixteen Sixty Four 08 December 2015 12:08 PM

Brit Sixteen Sixty Four
The site is a joke and completely contradicts itself, for example: "If you’re a First Time Buyer … You may see the proposed change as an opportunity, because you think it will cause house prices to drop. That may happen, but most likely not. If you’re a Home Owner … However as the full impact of the change hits home it could lead to Landlords selling lots of properties and therefore having a negative impact on house prices. If prices fall enough it could lead to a lot of homeowners being trapped in that dreaded situation of negative equity and no way out." So it will cause house prices to fall if you are a owner or not fall if you are a first time buyer. This is rabid verbal diarrhea of desperate landlords who have an unfair advantage over first time buyers. Less landlords means more owners and thus more properties changing hands and more sales commission for estate agents.

From: Brit Sixteen Sixty Four 13 August 2015 23:28 PM

Brit Sixteen Sixty Four
I am so glad I am not a Foxton's share holder. :)

From: Brit Sixteen Sixty Four 29 July 2015 16:25 PM

Brit Sixteen Sixty Four
RE "Douglas & Gordon predicted that capital values in prime London would double in the next five years thanks to the result." The only prices can double is more money laundering, cheaper/more irresponsible lending and massive property speculation. Thus is going to end in tears, we already have a giant housing bubble which is unsustainable. Where are all the normal people going to live? You can't have a healthy economy with out key workers, shop workers, office workers, builders, plumbers, electricians etc.

From: Brit Sixteen Sixty Four 08 May 2015 20:21 PM

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