Re: Re: Global Depression Mark 2 says Yahoo


The UK has temporarily suspended the awful HIPS on property, good news, however agents are now predicting many more properties coming on the market so as to ‘test the market’ without having to fork out the £400 or so fee.

CGT being raised from 18-40% especially on property (2nd homes and Buy to Let) is also likely to produce a rush of homes coming on the market this year so as to beat it’s introduction tipped for April 2011 as to introduce it in this tax year would be difficult.

Savills and Capital economics ( and others) who have been bearish of UK property for some while think the market will fall back in value once the above kick in.