Wednesday, Aug 15, 2018

Prices now slightly less over inflated

Zero Hedge: London House Prices Fall At Fastest Rate Since Height Of Financial Crisis

- London house prices fall at the fastest annual rate since height of the financial crisis
- London house prices fall in 5th month in row, worst falls since 2009
- London rents dropped at the fastest rate in eight years - ONS
- Brexit, London property slump put brake on UK house price growth
- Consumer spending declined in July as inflation increased

Posted by khards @ 04:14 PM (4862 views)
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6 Comments

1. stillthinking said...

did I screw up my browser settings or has this site been redesigned?

Saturday, August 18, 2018 05:44PM Report Comment
 

2. cyril said...

Apparently the recommendation is to buy gold (as is so often the case). I think fhe flaw in this argument is that gold doesn't pay any rent - but I suppose it would be an alternative for the buy-to-not-rent investor

Sunday, August 19, 2018 11:08AM Report Comment
 

3. britishblue said...

As i have mentioned before I am in the industry. Most properties that are selling in South West London are at a 15% discount from their peak. What i have noticed in the last month is that landlords are starting to offload properties. It had to come at some stage as all the new buy to let rules means its harder to make money when you stop relying on capital gains. The penny has dropped and we are now seeing landlords with two or three properties downsizing.

Monday, August 20, 2018 09:56PM Report Comment
 

4. libertas said...

Barking and Dagenham prices up 4%. Many places still rising. Meanwhile, seven skyscrapers under construction in the square mile with many in planning and Canary Wharf has more cranes than a trout full river. Watch places commutable to Liverpool St and Canary Wharf. Tens of thousands of jobs on the way once we get trade deals with America, etc.

Tuesday, August 28, 2018 08:03PM Report Comment
 

5. jack c said...

@ libertas Tuesday, August 28, 2018 08:03PM

Amazing how you've gone 180 degrees over the years on this subject !

Thursday, August 30, 2018 09:52AM Report Comment
 

6. stillthinking said...

@jack
I don`t think libertas is referring to the numerous sky scrapers as a classic sign of the top of the boil, but rather as evidence of how well things are going i.e. supportive of housing costs.

Monday, September 3, 2018 04:31AM Report Comment
 

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