Tuesday, Oct 03, 2006

Knight Frank's 'prime property' report

Firstrung: Knight Frank witness prime central London residential prices increase by 23 percent year on year

Pinch of salt time, please read the instructions on the label of this report before becoming too disillusioned. The report refers to property with a typical ticket price of 1.5mil +. That hasn't stopped the headlines of "London prices racing ahead" etc. appearing in the mainstream media

Posted by converted lurker @ 11:43 AM (478 views)
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2 Comments

1. harold said...

I suspect it is the top-end market that is skewing the real picture and keep things looking good. City bonuses have been very good over the past few years - were that to go pop, the last pillar would be gone.

Tuesday, October 3, 2006 04:50PM Report Comment
 

2. sirgoogle said...

It may go pop - ther is talk of a stock market drop too.

Tuesday, October 3, 2006 09:13PM Report Comment
 

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