From: "shano" 
Newsgroups: uk.politics.misc uk.finance
Subject: Re: SIPPS shock as Brown shelves tax loophole for residential property.
Date: 6 Dec 2005 08:08:16 -0800
   posting-account=oTxbFQwAAAA7RJYgiQybQyNfvBDUs0To


Richard Faulkner wrote:
> In message <1133879221.944846.155940@g49g2000cwa.googlegroups.com>,
> Crowley  writes
> >The amount  to be pumped into property through SIPPS was estimated at
> >around =A310billion pa which is a small fraction of the total amount
> >involved in house sales.
>
>
> 10% or so isnt insignificant... or is it?
>
> It wasnt so long ago that some people were saying that the 10% of
> property money which is invested in buy to lets was significant enough
> to collapse the market.
>
> When I was an agent, a variation of 10% in volumes of sales was
> insignificant i.e. if I sold 9 houses a month, rather than 10, or 108 a
> year rather than 120, had minimal effect on either me, or the local
> market, (obviously extrapolated to include all the local agents).
>
> --
> Richard Faulkner


I'm a bit confused. Is 10% the total esimated BTL, or the estimated
amount to be put into SIPPS?