Jump to content
House Price Crash Forum
Sign in to follow this  
Lifes a game

London Property Hit £2000 Per Sq Foot [Torygraph]

Recommended Posts

London has overtaken Hong Kong to become the most expensive city for high end, new build property - which has now reached a world record at £2,000 per square foot.

So much for the affordability plan, especially when there is a world records to be had.

http://www.telegraph.co.uk/finance/personalfinance/houseprices/11191011/London-The-worlds-most-expensive-city-for-homeowners.html

Share this post


Link to post
Share on other sites

That's "high end, new build" property.

I guess the secluded plot doesn't come cheap, even before you dig the private pool.

Note the three most expensive cities are precisely the megahubs of financial services in the three economically-significant continents. I expect some of these prices are part of a complex product of value to industry insiders.

Share this post


Link to post
Share on other sites

But it's a premier global city, and has become EVEN MORE premier and global recently (CEBR told me).

unfortunately for the London hpi apologists, price per sq fr is also a premier global comparator for propert prices. Perhaps the super rich global elite will choose to ignore the stats in favour of the 'but there's not enough supply' argument. Or maybe not.

edit: actually thinking about it, this league table could be an interesting leading indicatory for prime city international city prices...i would like to see a graph of position in the index overlaid with house price growth.

Edited by FallingKnife

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 406 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%



×
×
  • Create New...

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.