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Estate Agent Predicts Property Prices To Double By 2016

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(Reuters) - Property prices in some central London hotspots are set to more than double by 2016, driven up by a mix of factors including volatile financial markets and major new transport projects such as Crossrail, according to a report from estate agency Knight Frank.

Domestic and overseas buyers have flocked to the London residential market in recent years as they look for a safe place to park their money.

"It certainly gives gold a run for its money," she added

Whiff of desperation, anyone?

Edited by inflating

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I vaguely remember seeing a graph in one of the papers in 2007 showing how much property was going to cost when it kept doubling every 7 years...looked like a great investment then.....

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Leading london Lard seller says "BUY MORE LARD, prices to double in 5 years"

You know I find Lard doubling in price more likely than property.

In five years i wonder what will be worth more (discounting bes before date etc)

£250,000 house

£250,000 of lard....

Edited by Fromage Frais

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In London I think a lot will depend on how weak the £ gets.

A friend of mine is relocating back to the UK from Switzerland and in swiss franc terms house prices have dropped by around 50% in nominal terms and look cheap to him

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  • 331 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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