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Fairyland

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Mods, can we have this as a Bear Food Master Thread?

 

Bloomberg: London's Six-Year Home Price Boom May Finally Be Over: Chart

https://www.bloomberg.com/news/articles/2017-03-21/london-s-six-year-home-price-boom-may-finally-be-over-chart

 

Bloomberg: Estate Agents Aren’t Having a Great Time in Britain

https://www.bloomberg.com/news/articles/2017-03-21/disappearing-buyers-spur-u-k-property-brokers-to-close-outlets

Quote

Britain’s largest property brokers are cutting jobs, closing branches and raising capital even as homes sell for record amounts. While some companies have blamed Brexit and tax hikes for a drop in transactions, high values have put off many other buyers.

Demand for housing dropped to a six-month low in February, according to the Royal Institution of Chartered Surveyors. The widening gap between home values and wages means brokers including Countrywide Plc and Foxtons Group Plc are closing fewer deals while being undercut on fees by online companies.

“It’s handy to blame this downturn on Brexit and property tax changes, but prices were overstretched relative to incomes prior to these changes,” JPMorgan Chase & Co. analyst Tim Leckie said by phone.

 

Bloomberg: London 'cheaper than New York or Tokyo' after pound's Brexit plunge

https://www.theguardian.com/money/2017/mar/21/london-new-york-tokyo-pound-brexit-eiu-cost-of-living

Edited by Fairyland

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Bloomberg: London Housing in Its Deepest Slump Since the Financial Crisis

Quote

London’s housing market is in its worst slump since the depths of the financial crisis eight years ago, part of a broader slowdown that may continue.

The Royal Institution of Chartered Surveyors said its price balance for the city fell to the lowest since February 2009 last month. It declined to minus 49, indicating that a greater percentage of agents reported drops in March.

 

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