Friday, May 23, 2014

London market has ‘come right off’

London property boom loses fizz

Looks like the mania has already 'come right off' according to property source in the article...Anyone Buying in this market can look forward to 50-70% falls ala Hong Kong 1997..ireland and Tokyo 1992. Scarily over 25% of all mortgage money is in london add south east and possibly 50% of all mortgage Money tied into a bubble lending mania.

Posted by taffee @ 08:17 AM (2939 views)
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4 thoughts on “London market has ‘come right off’

  • There is nothing normal about the London property market it is driven and held by speculators, therefore I would expect clear bubble dynamics and high volatility due to these cash investors being able to buy and sell at a drop of a hat, unlike mortgage holders in the rest of the country.

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  • I know a Central Banker
    His name is Mark Carney
    He’s at the Bank of England
    Sets fiscal policy*
    He’s sacrificed our futures
    For Osborne’s short term plans
    But now he’s got a headache
    And a bubble on his hands!

    *Okay, I know this isn’t strictly true, but monetary doesn’t rhyme mmmmkay?

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  • stillthinking says:

    ” Everyone agrees on the need for more housing, yet there are few areas of public policy as devoid of meaningful action and solutions.”

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  • Madasahouse says:

    I will believe there is a slow down when open days for properties drys up.

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