jj
Member of DD Central
Jolly Jammy
Posts: 320
Likes: 358
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Post by jj on Sept 2, 2018 7:20:52 GMT
I don't wish to offend any group of people but do you have areas of the UK that you would not invest in?
For example I don't invest in the Liverpool area. It seems to me this area has a high default rate. My imagination keeps telling me it's the same people behind the developments with a different name/front.
I also am wary about N.I.. Although some investments there have been very good. London, for different reasons, brexit,economic cycle, etc.
What say ye ?
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Post by Proptechfish on Sept 2, 2018 8:07:40 GMT
I don't wish to offend any group of people but do you have areas of the UK that you would not invest in?
For example I don't invest in the Liverpool area. It seems to me this area has a high default rate. My imagination keeps telling me it's the same people behind the developments with a different name/front.
I also am wary about N.I.. Although some investments there have been very good. London, for different reasons, brexit,economic cycle, etc.
What say ye ?
Aberdeen, collapse in the oil price/industry has left an over supply on the market. Got a friend who just took 14 months to get an offer on a £450'000 house , he had to drop £15'000 in the end.
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Sept 2, 2018 9:37:50 GMT
At the time of the Scottish Independence referendum I sold out of everything from there that I could. I was particularly worried that an independent Scotland would look unkindly at English landlords, or re-possessors. I haven't returned. It turns out that I have no idea about the insolvency or legal processes in Scotland, and I think that this is often true of the platforms, as well.
As many of the platforms have a strong London bias, as do some of my other investments, I am not investing any more in London, but that is answering a different question.
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ceejay
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Post by ceejay on Sept 2, 2018 9:48:41 GMT
Back in the day when you could choose your own loans on FC, I did some analysis of their loan book, looking for regional variations in default rate. This shows a snapshot of loans marked Default or Late by their regions.
% D+L (All loans)
East Anglia 6.3%
London 4.6%
Midlands 7.3%
North East 6.3%
North West 5.9%
Northern Ireland 2.9%
Scotland 4.9%
South East 5.1%
South West 5.5%
Wales 6.4%
The main takeaways for me were to avoid the Midlands and embrace NI.
Today, my main regional concern is to be extra cautious about property developments in London and the South East, which is surely in a bubble.
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benaj
Member of DD Central
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Post by benaj on Sept 2, 2018 11:06:10 GMT
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