Thursday, Oct 19, 2006
Still no sign of that HPC.
FT: Lex - UK house prices
Residents of London’s Kensington and Chelsea are reported to have the highest life expectancy in the UK. This is fortunate, since they will have many years to enjoy some of the most expensive houses in the country. Property prices in the borough, according to website Rightmove, have risen by almost two-thirds in just 12 months.
perhaps not a measure for the rest of the country, but sure looks like every last drop is being squeazed out to try and maintain growth in house prices. - it's only talking about asking prices as covered in other threads. But the comment at the bottom is funny, esp coming from the FT.
Posted by sam @ 04:26 PM (163 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. harold said...
If one's looking for the factor responsible for skewing HPI, this is it. Take out Kensington and Chelsea from the equation and things might not look so rosy.
Rest of country = stagnation; Kensington and Chelsea = massive City-lead boom: Rest of country + Kensington and Chelsea = not bad overall picture for VIs to trumpet.
2. sirgoogle said...
They will not get any bonuses if there is a HPC - as the HPC will bring down the Stock market with it. Therefore most of these Yuppies will be jumping off tall buildings before long.
So I do not give them a long life expectancy at all.