About this episode
Property prices in London and parts of the South East fell this year by up to 8.9%, as Silver surged 138% and Goldcontinued its upward trajectory rising by just under 58%!Crawley, a town close to Gatwick airport inWest Sussex, suffered an 8.9% drop of £36,000, with High Wycombe falling 7.4%wiping £34,000 off average house values. Even trendy Brighton was hit with a4.8% or £20,000 dive, according to Lloyds bank.The London property market has also suffered a2.4% year on year decline of 2.4%, not helped by a weak economy, tax hikes, StampWatch video here - https://youtu.be/tk1aT-TMAwo?si=3aDdg9cbbXyO-FoaProperty prices in London and parts of theSouth East fell this year by up to 8.9%, as Silver surged 138% and Goldcontinued its upward trajectory rising by just under 58%!Crawley, a town close to Gatwick airport inWest Sussex, suffered an 8.9% drop of £36,000, with High Wycombe falling 7.4%wiping £34,000 off average house values. Even trendy Brighton was hit with a4.8% or £20,000 dive, according to Lloyds bank.The London property market has also suffered a2.4% year on year decline of 2.4%, not helped by a weak economy, tax hikes, StampDuty increase in April and uncertainty over the budget which saw theintroduction of a mansion tax.Overseas buyers have dried up, non-doms andthe rich are leaving the UK in droves and property landlords have been sellingup partly due to the Renters Rights Act and the abolition of Section 21 ‘nofault evictions’. Chancellor Rachel Reeves announced a new tax surchargeon rental income profits in her budget, which sees the tax burden rise torecord levels. Buy-to-let landlords will pay a tax rate two percentage points higherthan the basic and higher rates of tax from April 2027.Watch fullvideo here - https://youtu.be/O38dvXPp22kAlthough successive governments seem to be doing their best to encouragethe big corporate landlords and drive small landlords out of business (Section 24, licensing,increased red tape etc.), they still need 2.8 million private buy-to-letproperty landlords. OpportunitiesInvestors will be sitting on cash and watching the housingand stock markets for opportunities to snap up assets at bargain prices, buttiming the market can be tricky.House prices are already being discounted by sellers. Propertyprices are overpriced when compared to incomes. See interview with Chartered Accountant and Tax Specialist - https://youtu.be/aMuGs_ek17sGold and silver outperformed the markets and investors and central banks piled into metals amid speculation of an AI-driven stock market bubble.Inv
