Tradefair & Financials
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06 Dec 09
12:16
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14 Aug 09
empty/vacant, interest rates are down at 0% ensuring every two bit dodgy incompetent landlord rides through for another year after buying at the top of the market for an anyway overvalued city centre one bed flats. Nice to see this property bubble over the last few years has left us with swthes of vacant city centre apartments and office blocks which will not be filled for years to come, while at the same time there seems to be a lack of decent family sized housing in so many parts of the country.
What a joke the planning system is for manifesting such a ridiculous situation!!
What a joke the planning system is for manifesting such a ridiculous situation!!
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4,000 People on my countys waiting list looking for cheap rented property, even if it was Free there are still lots of Bills to pay.
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According to the last census the vacant property rate was 3.9% of housing stock. That's a low figure given that around 650,000 people die a year, many of whom would have had estates that involve the disposal of properties. There are also around 150,000 second homes. Also if you are going to have a housing market then a stock of properties, many of which will be vacant, are a necessity. Factor in that many properties are vacant because of repairs or upgrading, and maybe the 'market' is working reasonably efficiently.
I wouldn't disagree that the proliferation of 'units' rather than family accomodation has blighted many of our towns and cities. The planners have 'saved' the green but imposed overcrowded and unwanted flats and appartments. |
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G.B. is about 7/8ths Greenery and rocks, The cities are Overcrowded.
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Mikaad
What point are you attempting to make?? Next you will be saying that people should not be able to buy a propety to rent out...Ther is nothing wrong with this! |
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what are you on about chisel!! I am experienced landlord who rent's properties out, however I am not upto my eyes in one bed city centre flats for "professionals." I am actually very happy to be selling one property at above the asking price. Property interests are the next area for the government to tax, property is starting to look much less attractive, unless there's big development opportunity with decent marriage value im not interested.
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what are you on about chisel!! I am experienced landlord who rent's properties out, however I am not upto my eyes in one bed city centre flats for "professionals." I am actually very happy to be selling one property at above the asking price. Property interests are the next area for the government to tax, property is starting to look much less attractive, unless there's big development opportunity with decent marriage value im not interested.
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^^
Agreed. Tax on properties, particuarly second properties & BTLs will be the subject of many a tax in the next few years. It has already been muted, so will not be long off now. |