MBA MBA;284692 wrote:The latest speculation is around pumping the housing market, especially at the FTB end, and possibly the BTL end too. In the past HPI has often been the go to option when govts (Lab and Cons) are doing badly.
Its all tittle tattle of course. Things can only get worse...
BTL market IMO is too big to mess around with and ignore.
Despite everything being thrown at it the situation is getting worse for renters.
In my neck of the woods, rent are going up.
The ratio of properties to renters is going down - there are queues a mile long when one comes on the market.
House prices have not really moved - very few sellers.
Around here it seems that homeowners are selling (upsizing) and keeping their BTL investments.
Buyers are on the sidelines with cash at their disposable to push out FTB's.
Developers are snapping up land and sitting on it instead of building.
A new breed of investors are rising - moving in renovating and selling with £40-50k tax free gain.
Any tax increases just get passed on to renters - so this is not working.