London property

[BrilloPad]

You'd be crazy to buy a home right now - Telegraph

Each time I hear that stuff, most years since 1992, I wonder if this will be the time the crash finally comes.

I can't see it happening for at least 10+ years. House price crash would finish the economy - government will never let it happen.

[Eirikur]

If the EU will put sanctions in place against the Russian olichargs, property values on the high end may suddenly drop a lot, which then may trickle down into the "cheaper" London properties

[minestrone]

I was looking through the Sunday Times property section yesterday, 12 fookin million for a terraced house, 15 million for a flat. Jesus.

[ZARDOZ]

London property market based on people pretending grim places are great

[SueEllen]

If the EU will put sanctions in place against the Russian olichargs, property values on the high end may suddenly drop a lot, which then may trickle down into the "cheaper" London properties

Nah there are still the Arabs and the Chinese who buy properties and let them crumble......

[PurpleGorilla]

London is just one cog in a global property bubble engineered by governments and international banks to generate funds in order to recapitalise.

[Flashman]

London property market based on people pretending grim places are great

For once 'the mash' is actually funny.

I guess it's written by bitter and twisted Londoners anyway

[Robinho]

Depends entirely on what the Bank of England does with interest rates.

It's pretty obvious to me that any tightening will result in a crash, but i'm not convinced they're going to go through with it.

[BrilloPad]

London property market based on people pretending grim places are great

+1

Nah there are still the Arabs and the Chinese who buy properties and let them crumble......

Chinese like to buy them and keep them unrented. They believe living in them reduces the value.

Depends entirely on what the Bank of England does with interest rates.

It's pretty obvious to me that any tightening will result in a crash, but i'm not convinced they're going to go through with it.

I think interest rates are almost irrelevant. Its availabilty of cash buyers and credit that makes a bigger difference.

[sirja]

As long as central banks keep pumping billions into the system and keep rates ultra low then London property will keep going up. If and when this stops it'll come down. Rates need to go MUCH higher to bring prices down. What's currently being disused is 2.5% over the next 5 years. Sorry but that won't make a dent in property prices.