Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Who Can Afford A £25M London Home?

Recommended Posts

http://www.bbc.co.uk/news/business-26779270

House prices in London and the south east have been boosted by cash buyers from abroad, as some price tags reach as much as £25m.

Around half of new properties in developments such as the capital's Battersea Power Station are being bought by overseas investors.

Although good conclusion that it's making home less affordable for everyone else. Look the guy who said it makes the prices just outside London look reasonable.

It seems foreign investors love London property.

Share this post


Link to post
Share on other sites

I've seen a few episodes of the Professionals this week, it was big Arab money in the 70s buying up the big houses, then it all crashed in '88 and stayed that way for ten years.

Share this post


Link to post
Share on other sites

I've seen a few episodes of the Professionals this week, it was big Arab money in the 70s buying up the big houses, then it all crashed in '88 and stayed that way for ten years.

Yes and completely deleting the English character that used to prevail in these areas. Dito today. Whole swaths of prime London have taken on the persona of 'diplomatic immunity' land devoid of all soul and personality but far worse than the 70's efforts due to the scale of it. 'Real people need not apply'

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   209 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.