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gruffydd

Hedge Funds Short London Housing Shares - Omg!

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http://www.thisismoney.co.uk/money/markets/article-2946124/Hedge-funds-short-shares-London-property-stars.html

"Hedge funds pile on short positions against shares of London property stars amid fears the capital's housing market has peaked

Hedge funds bet against estate agents Foxtons and Savills, online portal Zoopla and housebuilder Berkeley Group"

OH MY GOSH!

"fears the capital's housing market has peaked"

Who's frightened ?

The fearful bit was when it was going up !!!

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This statistic has been quoted on this site many times but it's never been more relevant and the FT once again brings it to prominence.

About 54,000 homes are planned or under construction in the most expensive areas of the capital, with most of these set to be priced at £1m or more, research by LonRes found last year — even though only 3,900 homes worth more than £1m were sold in these areas in 2014.

Wonder how that will pan out?

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This statistic has been quoted on this site many times but it's never been more relevant and the FT once again brings it to prominence.

About 54,000 homes are planned or under construction in the most expensive areas of the capital, with most of these set to be priced at £1m or more, research by LonRes found last year — even though only 3,900 homes worth more than £1m were sold in these areas in 2014.

Wonder how that will pan out?

Doesn't that depend on who they are being built for. You're presupposing they're being built speculatively for resale.

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This statistic has been quoted on this site many times but it's never been more relevant and the FT once again brings it to prominence.

About 54,000 homes are planned or under construction in the most expensive areas of the capital, with most of these set to be priced at £1m or more, research by LonRes found last year — even though only 3,900 homes worth more than £1m were sold in these areas in 2014.

Wonder how that will pan out?

An absolutely superb illustration that London & the SE [in particular] is a a monopoly board game, and a massive giant Pyramid/Ponzi Scam has been playing out on it for the last 15+ years... :rolleyes:

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Will there be a movie in 15 years time telling us all how clever these people were, shorting on something before anyone else could apparently see the wood for the trees?

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