Sunday, Apr 11, 2010
London hits peak performance
Times online: London hits peak performance
New research from estate agents John D Wood shows that as far as the London market is concerned, it’s now a case of: crisis, what crisis?
Posted by confused76 @ 10:10 AM (1375 views) Add Comment
9 Comments
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1. paul said...
And why exactly would the housing market suffer a pre-election seizure? No-one's ever speculated that. The government is busy throwing money it hasn't got at the housing market so there's no reason for that to happen.
Post-election? Now that's a different matter.
I'm starting to conclude that a hung parliament is actually the best outcome for the long term stability of the economy, because it is now becoming essential that residential house prices are left to fall otherwise the UK economy is going to be absolutely fooked.
2. Bunniewunnie said...
A quick look at Property Bee shows a very mixed market in London. The only reason good property is now selling to foreigners is that prices have dropped 45-50% i.e. 30% due to devaluation of sterling and the rest due to falling prices in sterling. Hardly a good news day!!!
3. mark wadsworth said...
... and the Titanic was still afloat for minutes after it hit the iceberg.
4. alan_540 said...
The housing market spread outwards from the Southeast and spread countrywide as it overheated back in the late nineties. I'm not surprised that London's still in rude health and will be one of the last areas to feel any downturn.
5. icarus said...
mark w - there aren't any icebergs any more - only "headwinds".
6. Stabber said...
If you want to see what happens to London look at how resilient Manhattan has been
7. fallingbuzzard said...
@3, london is right at the front of decline and there is more to come. outside london, its barely started.
8. Charlie Brooker said...
Given we've just had the biggest financial shock in history - caused by excess credit flooding into property - instead of asking "crisis, what crisis?" what should be asked is
"DID WE REALLY GO THROUGH ALL THAT SHEER TERROR TO COME OUT HAVING LEARNT NOTHING?"
The rather smug attutides excuded in the article firmly suggest some clearly learnt not one shred: such people are a danger to us all.
9. doomwatch said...
It will be interesting what happens to the over-priced mess that is London, after the dust from the dirty bomb settles
on Belgravia.