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@melyork@davidbyers26 Think London is often seen as a parking place for super wealthy people from more volitile economies who feel safe parking cash in the UK, where the rule of law is strong as regards property ownership against their home countries.
@melyork It's a disaster and seems to be getting worse and I'm speaking from experience, unable to sell a property because of delays. @AngelaRayner please help! ๐
@russellcurtis@NIAbbot@LBC Great interview well explained. I would encourage you to mention next time that Bio Diversity Net Gain red tape is destroying the viability of many development sites. Looks like @RachelReevesMP is aware of this and wants rid of this madness too!
Morning after the Storm
What's next for the UK?
Long rates close to 5%, growth 1% at best & debt/GDP ratio almost 100% = debt spiral on the cards. What can Labour government do to right the ship?
Great chat w' @philippilk@MarkCarruthers7@BBCOne
https://t.co/AamL2L8pRP
Before Xmas, I forecast Gov debt levels would finally worry markets on my @TimesRadio interview. Well, that's exactly what happened last week with the UK Gilts correction. I said financial market mood has changed, and that's exactly how it played out. @Anne_MarieMill@timlevell
@maurice_a_lange@melyork@CentreforCities What @AngelaRayner is doing will definitely help. My thoughts are about labour movement from the EU and the need to set up a points entry system to help us import the trades to build these homes.
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I was delighted to be a guest speaker last night on the @kaitborsay show for @TimesRadio discussing how new government legislation reduces rental supply, and increases rents as landlords exit because they are being taxed and legislated out of business. @melyork@CarolLewis101
@melyork Although this disadvantages property traders, I agree with this as it makes it less attractive for large institutions to bid against the average buyer. We need to help the average person to be able to buy and this does just that.
โIf you are a Labour voter, you are voting for higher rents.โ
Landlord and Author of The Truth about Property, Henry Davis, says โsocialist governments are going back to what they know best, spending other peopleโs moneyโ.
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@melyork@thetimes With Brexit and many of the trades leaving the UK, it's an even harder task. I suggest setting up specialist building' skills colleges throughout the UK to avoid skills shortages.
@melyork@thetimes Hopefully a new government doesn't make the landlord business model unviable for landlords as they did in Ireland, Scotland and Wales. If they do - then expect way higher rents and a new rental crisis on a whole new level. I'm worried, @UKLabour won't be able to stop themselves!
@melyork@Hamptons1869 Great work! @melyork I was delighted to make a contribution to this article. Most landlords strugging to make profit after all costs. Majority of landlords are on interest only mortgages - their whole business model is based on prices rising to make any worthwhile profit!
@melyork Good move to increase rental supply. However without taking more dynamic action to increase supply, the @Conservatives will struggle to get re-elected, as despite what the polls say, housing is now the number 1 issue for non home owner voters!
@melyork Pleasure! ๐I think the next campaign has to find a way to force more Management Companies to be way more transparent, and to stop them ripping off leaseholders who are suffering weak re-sale prices because of high Management Charges!