REGISTER NOW!! Why? Because you can't do much without having been registered!

At the moment you have limited access to view all discussions - and most importantly, you haven't joined our community. What are you waiting for? Registration is fast, simple and absolutely free so please, join Join Talking Horses here!

Reply to thread

Message

The headline of the article you link to says the following: London property market running out of steam as number of mortgages for home buyers falls 16% in a year

Fall coincides with tougher mortgage lending checks
Reduces demand from buyers and could bring prices lower
Fall despite cheapest ever loans and inflation-beating wage rises

It goes to confirm everything I've been saying on this thread. My first intervention was to say "I don't agree with all of EC1's argument but I think he has a point where property prices are concerned. The Irish central bank introduced new lending restrictions a few months ago which are having a very noticeable impact on Irish housing prices. It will be interesting to see if the impact is lasting or merely a blip". Now you've been good enough to link to an article saying that a similar thing is happening in London.

Clearly the UK authorities agree with the Irish that one of the lessons to be learned from the crash is that the housing market can't be left to its own devices. And it should be obvious why that is.

<blockquote data-quote="Grey" data-source="post: 2519001" data-attributes="member: 65112">The headline of the article you link to says the following: London property market running out of steam as number of mortgages for home&nbsp; buyers falls 16% in a year<ul>
<li data-xf-list-type="ul">Fall coincides with tougher mortgage&nbsp; lending checks</li>
<li data-xf-list-type="ul">Reduces demand from buyers and could&nbsp; bring prices lower</li>
<li data-xf-list-type="ul">Fall despite cheapest ever loans and&nbsp; inflation-beating wage rises </li>
</ul>It goes to confirm everything I&#039;ve been saying on this thread. My first intervention was to say &quot;I don&#039;t agree with all of EC1&#039;s argument but I think he has a point where property prices are concerned. The Irish central bank introduced new lending restrictions a few months ago which are having a very noticeable impact on Irish housing prices. It will be interesting to see if the impact is lasting or merely a blip&quot;. Now you&#039;ve been good enough to link to an article saying that a similar thing is happening in London.Clearly the UK authorities agree with the Irish that one of the lessons to be learned from the crash is that the housing market can&#039;t be left to its own devices. And it should be obvious why that is.</blockquote>

[QUOTE="Grey, post: 2519001, member: 65112"] The headline of the article you link to says the following: [B]London property market running out of steam as number of mortgages for home buyers falls 16% in a year[/B] [LIST] [*][SIZE=2][B]Fall coincides with tougher mortgage lending checks[/B][/SIZE] [*][SIZE=2][B]Reduces demand from buyers and could bring prices lower[/B][/SIZE] [*][SIZE=2][B]Fall despite cheapest ever loans and inflation-beating wage rises [/B][/SIZE] [/LIST] It goes to confirm everything I've been saying on this thread. My first intervention was to say "I don't agree with all of EC1's argument but I think he has a point where property prices are concerned. The Irish central bank introduced new lending restrictions a few months ago which are having a very noticeable impact on Irish housing prices. It will be interesting to see if the impact is lasting or merely a blip". Now you've been good enough to link to an article saying that a similar thing is happening in London. Clearly the UK authorities agree with the Irish that one of the lessons to be learned from the crash is that the housing market can't be left to its own devices. And it should be obvious why that is. [/QUOTE]

Verification: 5 + 3 = ?