when do you sell your house?

[aparoid89]

If you buy it at support do you prefer to have a trailing stop loss or a fixed target based on support/resistance levels?

 

[Depth Trade]

...about 5 years ago.

 

[aparoid89]

...about 5 years ago.

I live in London

 

[NVP]

property is highly specialist in nature......valuations belong to the dinner party and reality is currently a sadly different proposition to a few years back

I lost about £70k on a property I bought in 2007 but have made it back on some of the decent stuff out there you can now pick up at good prices if you look hard enough.....thats mainly west sussex though and attacking the 3d's brigade (death/divorce/debt)

London should stay relatively buoyant but depends on what you have and where it is .....and what you paid for it .......

N

 

[welshguy121]

move to wales when you ve run out of money trading should get a bargain with the change you have left from selling a london house

 

[Knell]

If you buy it at support do you prefer to have a trailing stop loss or a fixed target based on support/resistance levels?

Your stop loss is when the rent on the equivalent type house you now live in, is less than the interest portion of your current mortgage payments....

 

[brokersstaragent]

Guys, move out to Hong Kong, Philippines, Singapore, and Malaysia if you want skyrocketing prices in properties. You need to marry a local, though, 'cause the laws don't allow foreigners to own properties.

 

[aparoid89]

Your stop loss is when the rent on the equivalent type house you now live in, is less than the interest portion of your current mortgage payments....

Don't you mean when the rent is less than the monthly mortgage payments? How can the interest be so high?

 

[BeginnerJoe]

Sell house now and use monies to play market roulettes.

 

[SlowlyButSurely]

London housing prices have increased during the economic crisis in EU due to investment from wealthy foreigners trying to safeguard capital without keeping cash.
In Greece, Portugal, Italy and Spain, many of the wealthier residents bought up multi-million pound properties in London before their countries where hit worst.

Euro zone turmoil boosts London property stampede | Reuters
A Mayfair flat is as safe as gold: Wealthy Europeans safeguard cash in London homes | Mail Online

 

[new_trader]

London housing prices have increased during the economic crisis in EU due to investment from wealthy foreigners trying to safeguard capital without keeping cash.
In Greece, Portugal, Italy and Spain, many of the wealthier residents bought up multi-million pound properties in London before their countries where hit worst.

Euro zone turmoil boosts London property stampede | Reuters
A Mayfair flat is as safe as gold: Wealthy Europeans safeguard cash in London homes | Mail Online

Taken their capital from one debt riddled country with no prospects and moved it into a similar one...idiots...

I sold my property in the UK a few years ago and moved the capital to much greener pastures...

 

[SlowlyButSurely]

Taken their capital from one debt riddled country with no prospects and moved it into a similar one...idiots...

I sold my property in the UK a few years ago and moved the capital to much greener pastures...

You kind of missed the point though...prices of property in London remain strong and continue to rise due to the fact that there is not enough room even for the 6million+ inhabitants to live there, never mind the foreign millionaires/billionaires buying up property = rise in price

That said if you lived in another city then sure, selling would be a good idea, however I was talking specifically about London.

 

[new_trader]

You kind of missed the point though...prices of property in London remain strong and continue to rise due to the fact that there is not enough room even for the 6million+ inhabitants to live there, never mind the foreign millionaires/billionaires buying up property = rise in price

That said if you lived in another city then sure, selling would be a good idea, however I was talking specifically about London.

As if London is immune to the economic problems the rest of the U.K. is facing. I think you missed my point, completely.

 

[SlowlyButSurely]

As if London is immune to the economic problems the rest of the U.K. is facing. I think you missed my point, completely.

I'm not saying the London or the UK is immune, quite the contrary seeing as we rely on trade with the EU, as does much of the world. Saying that, I am of the opinion that property situated in the heart of London maybe immune to the economic crisis surrounding it as investment has come from around the world (such as Russia and the UAE) and I can't see a huge sell off coming unless you think that London might fall to some real disaster

 

[new_trader]

I'm not saying the London or the UK is immune, quite the contrary seeing as we rely on trade with the EU, as does much of the world. Saying that, I am of the opinion that property situated in the heart of London maybe immune to the economic crisis surrounding it as investment has come from around the world (such as Russia and the UAE) and I can't see a huge sell off coming unless you think that London might fall to some real disaster

Like most property "investors" you are only looking at nominal gains and don't consider the depreciation of the GBP which IMO will get worse given the situation the U.K is in. Then there is the opportunity cost of not investing in other asset classes. All this considered, I would not be buying property anywhere in the U.K, London included.

 

[gedward3]

Sell just after the US stops QE and before they put up interest rates. UK will follow and so will Hong Kong with I.R's. This will push up mortgages repayments so Hong Kongers will start bailing in the UK and Hong Kong and Chinese will follow suit followed by the Arabs who will all find a new asset class and create another bubble. The UK greedy landlords are only buying because of the foreign buyers and they will get their behinds smacked again unless they play the pullback and wait for the eventual London rise as it always does in the long run.

 

[SlowlyButSurely]

Like most property "investors" you are only looking at nominal gains and don't consider the depreciation of the GBP which IMO will get worse given the situation the U.K is in. Then there is the opportunity cost of not investing in other asset classes. All this considered, I would not be buying property anywhere in the U.K, London included.

Sorry for the confusion, I too would definitely not invest in property either, I just meant that I thought as a UK resident, selling now to buy again in 5-10 years might not be profitable as I don't think there will be a drastic shift. Looking at it solely as an investment, it's a bad one and there are much better things to choose from like you said

 

[futuredds]

in the middle of the street