x

Brit Miller

2520 Profile Views

About Me

my expertise in the industry

Brit's Recent Activity

The problem is continued emergency interest rates that are inflating property prices. Put them back up to 5% and home prices will fall to affordable levels.

From: Brit Miller 22 January 2020 12:36 PM

The housing market is going to continue to collapse till house prices drop significantly. House prices are beyond affordable fueled by mega low interest rates, 40 year mothages & likes of Help to Buy. Unless there is significant rises in wages (unlikely with Brexit) there is no way prices will go up. The only direction is down as we have a nation of debt junkies unable to take on anymore debt.

From: Brit Miller 23 July 2019 14:08 PM

Halve the house price and far more than double the transaction level.

From: Brit Miller 10 July 2019 11:47 AM

We had a whole host of problems. We had a shortage of property at sky high prices, many people with multiple properties were were taking equity out & buying more properties pushing prices higher. Whole generations were priced out, George Osbornes reforms started to change this back. The reason people aren't buying the higher properties is because they are priced to high, drop the price and you have a market.

From: Brit Miller 09 July 2019 12:34 PM

In shock news estate agents say it is a good time to buy a home.

From: Brit Miller 25 January 2019 16:17 PM

Help to Buy has pushed prices up for 1st time buyers and promotes reckless debt. With falling house prices, 5% deposit, execisive debt owners are going to be trouble.

From: Brit Miller 15 November 2018 10:23 AM

I agree with removing help to buy but returning to loose lending just fuels property bubbles. Stricker lending leads to lower house prices & a healthier more sustainable housing market.

From: Brit Miller 23 October 2018 13:00 PM

Over the last 30 years buy to let was eating up huge amounts of the property market. We became a country of renters rather than home owners which is a big vote loser for the government, they had to act. Also buy to let homes typically come to the market less than residential owners, so with a big buy to let section estate agent transactions fall however many make it back through property management.

From: Brit Miller 23 October 2018 12:58 PM

House prices were always going to to fall, they simply went up so quickly that everyone got caught in rabid speculation. Interest rates were slashed to nothing, foriegn buyers poured in as their savings were at risk from collapsing banks round the world. We also went crazy giving 40% deposits with Help To Buy London selling socalled affordable 1 bed flats at £600k which sent out price ripples to the SouthEast as people moved futher out. We simply had a giant bubble which could last for ever before it collapsed. Blame Brexit, blame stamp duty, blame rising mortgage rated but the simple reason were prices were far tohigh and never sustainable. Prices will continue to fall till house prices become affordable again.

From: Brit Miller 11 October 2018 10:05 AM

The housing market was always going to correct, it has been doing so the last 3 years in London & South East. There is a lot of froath in Manchester and midlands, very likely to have big falls,not as much in North East.

From: Brit Miller 14 September 2018 09:55 AM

Looks like the house price boom drugs are wearing off. Who would of thought the rising housing prices would stop when wages have been stagnant for a decade? You know when we are going to suffer a massive house price down turn as the TV and newspapers are full of equity release schemes just like 2007-08.

From: Brit Miller 03 September 2018 15:12 PM

Causing market to stagnate? When does a market stagnate ever? House prices go up or go down, they never stay the same due to a huge number of influences out of our control. Prices in London and South East are falling, they are so overvalued. It's not a crash yet but when the public catch on and sentimant changes the crash begins.

From: Brit Miller 29 August 2018 09:13 AM

The stamp duty changes were never about revenue but instead in a housing shortage people buying multiple homes. The government know home owners are more likely to vote for them but their numbers are decreasing. There were stamp duty cuts at the lower end of the market to help this, I don't think they really care about a Russian wanting to buy 3rd home in London if it means lossing 10,000s of votes from ordinary working people.

From: Brit Miller 22 August 2018 12:28 PM

Surely that is a big part of the problem that people are treating housing as an assest class rather than a home. There was a great deal of damage post credit crunch with all the laundered money flowing into central London buying up homes sending massive price ripples all across London. The end result was ordinary decent people priced out in outer areas. The stamp duty changes were a welcome change to reduce this dead. Yes the market has stalled but as soon as people get a dose of reality and see that the bubble froathing prices of 2013-14 were unsustainable and lower their prices we can get transactions up. Personally I belive there should be more taxes on those who leave homes empty to force them to sell up. Cash box homes are morally wrong and bad for the economy as a whole.

From: Brit Miller 13 August 2018 17:00 PM

This will slow down as house price falls spread to rest of the country, slowing down further as interest rates go up putting more downward preasures on house prices.

From: Brit Miller 20 July 2018 11:40 AM

London and the south east property values are extremely overvalued and will continue to fall. Taxation changes, rising mortgage rates, foriegn money drying up, increased money laudering clampdown and stamp duty changes will mean house prices will fall even in the midlands and up North.

From: Brit Miller 29 June 2018 11:13 AM

A full in house prices to more sustaiable prices is welcome. Less buy to let and buy to let sell off is also welcome. With less buy to let and more residential ownership there will be greater transaction levels as residential owners sell more frequently.

From: Brit Miller 13 April 2018 00:34 AM

2018 the house price crash has arrived, bubble finally popped.

From: Brit Miller 03 April 2018 12:04 PM

House price falls spreading and now government want to sell off Help to Buy loan book, any conection?

From: Brit Miller 13 March 2018 11:06 AM

Prime London is going to continue to fall, it is still vastly inflatted. You can't have all the money laundering and capital flight to UK, then turn it off and expect prices to carry on rissing. Where is the money going to come from. No Prime London will continue falling and the surplus of luxury flats still being built and not selling will making the situation worse even before we mention Brexit.

From: Brit Miller 13 February 2018 11:02 AM

Good a correction back to normal prices and end of property speculation

From: Brit Miller 12 February 2018 10:52 AM

The buy to buy to let boom is the main reason property transactions are so massily down. Buy to let removes property from the market long term compaired to resdential buyers who tend to upsize and put the home back on the market. Buy to Let has lost estate agents lotsof commisionover the last decade. No one likes paying tax, but tax is needed to funded public services. Stamp duty funds these public services and some what reduces house prices going crazy high.

From: Brit Miller 23 January 2018 12:18 PM

The London price falls will ripple to the rest rest of the country, they always do. Affordability is simply too much of an issue and wages are techniqually falling.

From: Brit Miller 16 January 2018 13:24 PM

London prices are highly overvalued, there is plenty of room for big falls. Prices aren't sustainable just a huge speclative huge housing bubble based on cheap credit after the credit crunch.

From: Brit Miller 12 December 2017 13:05 PM

It was a house bubble built on cheap money, longer mortgage terms and foreign investors safe havening their cash. It was always going to pop. The sooner house pricesfall to more affordable levels the sooner transaction will increase.

From: Brit Miller 11 December 2017 11:27 AM

The market is unaffordable market in much of the country. Wages are so out of align with house prices that it is clear that there is a housing bubble. Kate Faulkner says twice in the article that she does not want prices to fall and recomends schemes like Help to Buy which inflate prices. The problem is as the bubble gets bigger more people are priced out of the market and transactions collapse hitting estate agents. We want a free market where house prices aren't propped up ultra low interest rates, quantative easing and help to buy. Let prices find there own value so transactions are a constant not Kates boom and bust chaos.

From: Brit Miller 20 November 2017 16:45 PM

It's the housing bubble not stamp duty that is the problem. If we did not have such inflatted house prices then stamp duty prices would be lower. One of the biggest issues has been the boom inbuy to let, moving from a property owning populationto a renting one. Before you had the vast majority ofproperties in the hands of residential owners. They had families and sold their propertiesgetting bigger homes generating commision for estate agents. When you have a buy to let take over then landlords usally retain the properties long term which reduces the amount of times estate agents get comission from sales. The send home stamp duty change whilst hurting agents in the short term should meana return toa moreresidential market and more revenuefor agents in the long term. Moaning about the 1st interest rate rise in a decade (0.25-0.5%) a near time record low just shows how much of a housing bubble we have. If rates moved to a low 5% then we would have a massive property price collapse. The market is addicted to cheap money sending houseprices to record highs and highly vulnerable. Stamp duty problems are just an indicator of the big issue, they are not the cause and that remains cheap money and irresponsible lending.

From: Brit Miller 07 November 2017 11:52 AM

The stamp duty tax would not be so much of an issue if we didn't have a housing bubble. Only the articially high propped up house prices caused by record low interest rates, QE , funding for lending, help to buy and foriegn property speculators is making the stamp duty expensive. When prices come down to more normal levels and stop being propped up stamp duty will be less ofa hinderance.

From: Brit Miller 31 October 2017 11:33 AM

Hi we are far from a free market in terms of housing. We have ultra low interst rates, QE, funding for lending, tax relief for land lords and help to buy. The anti free markets steps to lower the strength of the £ and reduce lending costs have given an unfair advantage to foreign investors to buy a large amount of the housing cost pricing out locals. When we have teachers, nurses, police priced out of London and yet all the newbuild properties are marketed to the South East Asian market we have a problem. Homes should be built for shelter (a basic need) not as an investment opportunity for foriegn investors. So yes I am happy for foriegn investors to be banned from the UK property market. However I have no issues with foriegners buying properties here if they come here to work and add to our economy.

From: Brit Miller 26 October 2017 13:08 PM

Breaking News