Jump to content
House Price Crash Forum
Sign in to follow this  
silver surfer

City Bonuses & Jobs Outlook Looking Bleak

Recommended Posts

Interesting article about the employment problems confronting Wall Street


How long before the same thing spreads to the UK? A massive 8% of the UK's GDP comes from the finance and banking sectors (compared to say agriculture at under 1%), I don't know what percentage of London's GDP is finance based, but I wouldn't be surprised if it was 20% or even higher. If financial job security starts to look shakey then London house prices will suffer.

I don't think house prices will fall as far as many of this forum predict (I'm pencilling in 20-25% nominal falls by the end of 2010), but I don't believe London will be immune. In fact it wouldn't surprise me if London was a particular black spot in the coming crash, and that prognosis reaches from Belgravia to Bermondsey.

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.

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.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 354 The Prime Minister stated that there were three Brexit options available to the UK:

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

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

  • 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.