Wednesday, September 7, 2011

We can only hope!

London property bubble 'about to burst'

The London property bubble could be about to burst, with the number of "distressed" sellers in the capital rising for the first time, according to one property company.

Posted by fancypants @ 03:06 PM (1546 views)
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4 thoughts on “We can only hope!

  • Hope has nothing to do with it, fancypants.

    Events, dear boy, events!

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  • greenshootsandleaves says:

    Remapping of the ‘two-tier market’ isobars as it emerges that there simply aren’t enough oilygarchs, berniecclestones or berniecclestonedaughters to keep the Lahndahn property bubble inflated. Looks like a deep LOW is on its way.

    PS The reference to the riots as a market factor is, for once, quite plausible.
    PPS I can’t see Ms Simon being appointed to the the post of property correspondent at the daily express (should it ever become available).

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  • “and a collapse in buyer interest – particularly in areas hit by the recent riots – were to blame”.

    So we finally see blood in street, now time to buy?

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  • Regarding living in an area which had recent disorder,
    I can see that people would not want to buy in a place like that and that
    the people already living there might want to buy somewhere else instead.

    It’s a shame though – especially if someone only bought in the area because it was the best that they could do for themselves and/or for their family.

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