Estate agent fails to predict price rise

Savills: Brexit impact on mainstream market

Apparently "caution" is as bad as it'll get. Yawn. Let me know when we get to outright feast that price drops will never end.

Posted by sneaker @ 08:57 PM 0 Comments

5-10% ... to start?

Financial Times: London property prices to fall 5-10% – Peel Hunt

"The report predicts that businesses will remain wary of committing to property until the outcome of negotiations with the EU are clearer, with the risk of losing financial passporting rights a particular risk for City office space." I fully expect nine-figure apartments to drop by much more than 5-10%. Could be 90%. But since they were bought with laundered offshore cash and not onshore mortages, perhaps this "decapitation" move will have limited spill-over.

Posted by sneaker @ 02:00 PM 0 Comments

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