There's still activity at the chunk end - house up our street sold in 2 weeks, went to sealed bids over £1.75m, needed gutting. Another (large) 4 bed semi went to a bidding war at £1.5m.
I note that new housing developments around Oxford have stalled and are being mothballed.The Barton estate is an example. There are partly built blocks there, complete with scaffolding, now fenced off.I’d speculate that they won’t be completed for a few years.
That's nonsense Mayfairman - the basic tenent of economics is the supply of money chasing the same, or fewer goods. Pretty obvious to anyone really. You see something in the shop for £100 but everyone can afford £200 for it - ergo the price will go up. Inflation is purely too much money chasing too few goods.So, Tom is 100% correct.
Here on the edge of the Yorkshire dales it seems the property class that is going down rather dramatically is mobile homes on the holiday parks - they are almost unsellable now.
My understanding is that the government doesn’t run any train services. They contract the previous train operating company to do it on their behalf so all services should run at the same level of punctuality as before. I’ll check with my people in the industry to confirm. The one real problem with splitting the service into 25 operators was ticketing. There were hundreds of different options and that should hopefully improve as services are re-integrated. We went up to town from Sunday to Tuesday and I have to say the train there and back was on time and the tubes were all good too.The issue you didn’t touch on with flats is cladding. Nobody has ever been brought to account for that and tens of thousands of people are living in Unsaleable and unmortgageable stock. It’s all a mess but I’m still hopeful for gold 🤔
My buy, down 1% so far this year 0.5p. Total dividends for the year 7.38p last payment 31.12. As ever anything can happen.My sell, Supply, still suspended.
Barry says "if this trade unwinds it does completely crash the economy" as if there is a way to avoid it. By some measures the biggest bubble the world economy has ever seen cannot be kept inflated indefinitely, nor can it be made to deflate slowly and gently float down. Or at least that has never been seen with the biggest bubbles the world has ever seen previously. Interesting times ahead.
