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 in West 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 a 4.8% 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, Stamp Duty increase in April and uncertainty over the budget which saw theintroduction of a mansion tax.Watch video here - https://youtu.be/tk1aT-TMAwo?si=3aDdg9cbbXyO-FoaProperty prices in London and parts of the South East fell this year by up to 8.9%, as Silver surged 138% and Gold continued 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 ‘no fault evictions’. Chancellor Rachel Reeves announced a new tax surchargeon rental income profits in her budget, which sees the tax burden rise to record 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 - https://youtu.be/O38dvXPp22k Although successive governments seem to be doing their best to encourage the big corporate landlords and drive small landlords out of business (Section 24, licensing,increased red tape etc.), they still need the 2.8 million private buy-to-let property landlords. Opportunities Investors will be sitting on cash and watching the housingand stock markets for opportunities to snap up assets at bargain prices.House prices are already being discounted by sellers. Property prices 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 bankspiled into metals amid spec
