Wednesday, April 30, 2014
When the big boys cash in perhps the crash is about to come
Grosvenor Estates sale marks top of London property market
Not that Hugh is the sharpest tool in the box - but his family know a thing or to about property - and they seam to be calling the top of the market
Posted by pete green @ 08:51 AM (1977 views)
5 thoughts on “When the big boys cash in perhps the crash is about to come”
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mark wadsworth says:
Ignoring absolute house prices, there is a different cycle of London prices relative to rest of UK, it seems to vary between 1.3 and 2.1, and we are currently at an all time peak.
If you read the article, what they are doing is selling London and buying in rest of UK, presumably once the ratio goes back to 1.3, they will sell everywhere else and buy London.
khards says:
The million pound question is: Will London prices tank or will the rest of the UK shoot up?
There is little feasibility of the rest of the UK suddenly doubling in price because buyers have extra funds to outbid each other.
That leave the other option that the record high prices in London come down to more realistic levels, but then why would they unless money was pulled from he market or buyers no longer wanted to buy?
mark wadsworth says:
alan says:
The towns affected by Crossrail will continue their steady rise, methinks.
khards says:
I think I’m going to write a book – “The great crash of 2015”