The 'other' housing market, where house prices have regressed 60pc

[swamp]

In my area of London prices are well above peak. A lucky few got on board during the housing 'crash', but otherwise things are BAU.

There will be no crash here, but the market may top out as people slowly drift to cheaper areas. There is still work in London, unlike the rest of the country, and as long as that holds the house prices will remain sky high. In fact I expect a lot more northerners to migrate to the gold-paved streets of London in the next coming years, and this may push prices even higher.

Even if nice houses up north can be bought for £20, nobody in London is going to be interested (other than speculators). There is no work up there and it is not a nice place to retire or holiday (too cold and grim). The UK housing market has fragmented.

[shaunbhoy]

Even if nice houses up north can be bought for £20, nobody in London is going to be interested (other than speculators). There is no work up there and it is not a nice place to retire or holiday (too cold and grim). The UK housing market has fragmented.

Just make sure you have plenty of equity in your Londonistani home before you sell up for retirement. You will have to pay top dollar for anywhere down here in the English Riviera! Not to mention a hefty-sized brown envelope to give to the Devon Border Guards before we allow you jellied-eel dependant barrowboys access to our beaches.

[AtW]

Not to mention a hefty-sized brown envelope to give to the Devon Border Guards before we allow you jellied-eel dependant barrowboys access to our beaches.

How do you get past them with your Scottish accent?

Let me guess - you are one of the guards?

[shaunbhoy]

How do you get past them with your Scottish accent?

A heady mix of Wit, Charm, Style, and Ability.

[Sysman]

Even if nice houses up north can be bought for £20, nobody in London is going to be interested (other than speculators). There is no work up there and it is not a nice place to retire or holiday (too cold and grim).

Too many Southerners up north already.

The UK housing market has fragmented.

Shattered?

FUBAR might be a better description.