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honkydonkey

Is Londons Property Bubble Set To Burst?

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https://www.goldcore.com/Is_Londons_Property_Bubble_Set_To_Burst

As monetary officials the world over wrestle with deep systemic imbalances, geopolitical uncertainties and the looming threat of bail-ins, investors will continue to seek shelter in assets that operate as a safe haven such as property but also more conventional safe haven assets such as gold.

We believe that ultimately these elevated asset price levels in London property are unsustainable and will be subject to violent correction. Given that interest rates are at historical lows, the London property prices will become increasingly sensitive to any upward movement in interest rates.

Edited by honkydonkey

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The article mentions the fortunes of London falling and rising on the tide - how apt.

Tide of crony capitalism. Guillotine needed here, situated on the Thames mid-'city of London' Tide can take the heads and excrement out for the fish and rats to eat.

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Tide of crony capitalism. Guillotine needed here, situated on the Thames mid-'city of London' Tide can take the heads and excrement out for the fish and rats to eat.

Not a bad ides, any one in the banking sector or parliament 'involved' in fraudulent activating gets their head lopped off and floated down the Thames. Would clear up the city within a couple of years.

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Recently posted about a 2 bed in Tooting, original AP in Sept was £410k, quickly reduced to £395k, under offer soon afterwards.

Identical property in similar condition a few doors down had sold in 2011 for £250k.

Given the madness I had fully expected it to go for around the AP of £395k. However just saw on nethouseprices that it completed late December for £373,650. The figure would indicate some persistent negotiation. Obviously still insane but marginally less so than I had expected.

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Recently posted about a 2 bed in Tooting, original AP in Sept was £410k, quickly reduced to £395k, under offer soon afterwards.

Identical property in similar condition a few doors down had sold in 2011 for £250k.

Given the madness I had fully expected it to go for around the AP of £395k. However just saw on nethouseprices that it completed late December for £373,650. The figure would indicate some persistent negotiation. Obviously still insane but marginally less so than I had expected.

The price only went up a mere 50% in the years. Sanity reigns!

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