Increase in property companies in 'financial distress' as housing market slows to a crawl

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Calcaria
Posts: 22
Joined: November 7th, 2016, 5:21 pm

Increase in property companies in 'financial distress' as housing market slows to a crawl

Postby Calcaria » January 2nd, 2017, 7:48 pm

THE TELEGRAPH

Increase in property companies in 'financial distress' as housing market slows to a crawl
By Isabelle Fraser
http://www.telegraph.co.uk/business/201 ... ng-market/

youfoolishboy
Posts: 46
Joined: November 4th, 2016, 11:35 am

Re: Increase in property companies in 'financial distress' as housing market slows to a crawl

Postby youfoolishboy » January 5th, 2017, 10:18 am

Activity across the UK’s housing market has slowed, as reported by the Royal Institution of Chartered Surveyors which said that the number of homes for sale is at a record low and buyer inquiries are also down.

Wow who would have thought that penalizing BTL and high end property would have that effect? Clearly the government didn’t despite many people telling them. Hope all those people who though penalizing those who own houses was going to magically increase the supply of houses in the UK thus reducing prices are not too disappointed.
Sorry I hate the ‘I told you so post’ but sometimes it has to be done.

brightncheerful
2 Lemon pips
Posts: 225
Joined: November 4th, 2016, 4:00 pm

Re: Increase in property companies in 'financial distress' as housing market slows to a crawl

Postby brightncheerful » January 5th, 2017, 1:35 pm

Buyer inquiries presumably includes BTL investors? If so then with many investors withdrawing from the BTL market one would expect buyer inquiries to be down!


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