Wednesday, July 2, 2014

On your marks, get set, go!!

UK House Prices Soar to New All Time High, London Bubble, Nationwide Data

Nadeem is here predicting a 55% rise by 2018. Will London exceed that, and with his interest rate predictions being hawkish, will prices yet accelerate from here? It is interesting that London is pulling away at full steam whilst the rest of Britain is safely well below the 2007 peak, inflation adjusted, suggesting that the London "bubble" is due to influxes from Europe due to employment issues there, and from USA and elsewhere due to corporation tax being slashed.

Posted by libertas @ 06:44 PM (3904 views)
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5 thoughts on “On your marks, get set, go!!

  • I recall that being said in Dublin in 204 – hail the miracle economy!

    Of course London is different and it’s different this time..

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  • Yes, I agree. They will do to London what was done to Dublin. Require an IMF/EU bailout and use that to integrate us into the EU by problem, reaction, solution. However, we are not at that point yet.

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  • London market is already off the boil it’s just not coming out in the figures just yet but will do over
    The next few months

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  • Buying at the top of the market is never a good idea. Nadeem has invested very heavily in property, so it now talking his book.

    I think it foolish in the extreme to read an article like that and to swallow it wholesale.

    Wages simply aren’t supporting house price rises….only increasing amounts of debt, which is never a long term solution. Most of those EU citizens who can move already have, so I would not pin hopes of further house price rises on immigration.

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  • I am buying because of job situations rather than due to being the top or bottom of the market. I am buying because the mortgage repayments (that I can fix for 10 years) are almost 50% lower than rental payments and half goes to re-payment. I don’t care if prices collapse because I don’t want to pay rent.

    What people forget about immigrants is that many pay rent, supported by BTL landlords who are ripping up London rampant.

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