Is the recession over?

[DimPrawn]

I see it is asking prices that have risen £16K in London.

Laaandoners - Walty Mitty types the lot of 'em.

[Spacecadet]

I see it is asking prices that have risen £16K in London.

Laaandoners - Sasguru types the lot of 'em.

FTFY

[Menelaus]

Is that risen £16K in certain parts of London? I live in London and the market's still generally speaking flat albeit "flat" in London might look intensely-volatile when compared with other parts of the UK.

[HairyArsedBloke]

House prices in prime London locations rise by £16,000 per month.

Yeah, right.

The market for these properties are overseas buyers. Now go and price these assets in EUR or USD and have a think.

[DimPrawn]

How many wealthy overseas buyers are in the market for a bedsit above a kebab shop in a rough part of London?

[Scary]

How many wealthy overseas buyers are in the market for a bedsit above a kebab shop in a rough part of London?

What's that got to do with house prices in prime London locations?

[Menelaus]

Yeah, right.

The market for these properties are overseas buyers. Now go and price these assets in EUR or USD and have a think.

100% FACT: when in Honkers in 2008 was sitting having breakfast reading the South China Morning Post and saw a new build block of flats being sold to Chinese investors, 0.75 miles along the road from me in Greenwich

[DimPrawn]

What's that got to do with house prices in prime London locations?

Exactly. sasguru, take note.

[sasguru]

I'm getting a very smug feeling reading this thread and realising how many good decisons I've made over the years.

[AtW]

How many wealthy overseas buyers are in the market for a bedsit above a kebab shop in a rough part of London?

Not me for sure.