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Front Page Of Cityam : Bubble Bubble Housing Trouble - Ubs Report

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“London is now globally recognised as such a desirable city that its property is treated effectively as another asset class,” the Mayor wrote this week. “A safe investment in a turbulent world”.

Boris Johnson has been its leading cheerleader (quote from Oct 2013)

http://www.independent.co.uk/voices/comment/what-is-boris-johnson-talking-about-london-needs-new-homes-not-assets-8897202.html

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In my south London street, it seems that everyone is having a loft conversion, the only way anyone can afford more space. I have thought about STR but the risks are quite high if the crash doesn't happen.

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London is now globally recognised as such a desirable city that its property is treated effectively as another asset class, the Mayor wrote this week. A safe investment in a turbulent world.

Boris Johnson has been its leading cheerleader (quote from Oct 2013)

http://www.independent.co.uk/voices/comment/what-is-boris-johnson-talking-about-london-needs-new-homes-not-assets-8897202.html

Boris needs to stfu

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Can't be long now. Boooooooooooom !

No one with half a clue about investment would want to be caught in this now. No doubt the 'homes under the hammer' type of 'investors' who buy property at auction without seeing it will still buy though !

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