Daily Mail top story......

[KentPhilip]

Foreigners like London as a place to live or holiday home and are in it for the long run.

True for some, but many foreigners from Euroland have invested in London as a perceived safe haven from Euro worries.
Once the EU collapses, which might come soon, the requirement for that safe haven won't be there, so foreigners will sell their London property, leading to a sharp decline in prices.

[vetran]

What we need is a nice authoritarian government policy to turf out the oldies in their detached four bedroom houses and force them to downsize and stay in 1-2 bedroom places.

That way we could allow foreign investment to scoop up the empty large housing stock and cause additional demand in the first time buyers market thus raising prices further.

Of course, I'm just speculating...

maybe just a 'spare room subsidy' on social housing?

was talking to a friend who is subject to this and he was saying it was completely unfair that an old couple with kids who had left home should be 'turfed out of their home' yet was bemoaning the fact there weren't enough free 3 - 4 bedroom houses.

[DimPrawn]

I disagree. Prime London will keep going up until there's a house-building program. Simply supply and demand.

Plus:

Every foreign crook can money launder some (significant) cash in London property, and being their "prime residence" means no CGT.

Double boomed!

When you consider how many millionaires there are worldwide, there's plenty of upside to come....

[hyperD]

maybe just a 'spare room subsidy' on social housing?

was talking to a friend who is subject to this and he was saying it was completely unfair that an old couple with kids who had left home should be 'turfed out of their home' yet was bemoaning the fact there weren't enough free 3 - 4 bedroom houses.

Possibly!

I think we should remove the pretence of trying to tax people out of their homes under the guise of "fairness" and just kick the doors down, drag them out into the streets and confiscate their properties.

We could call it the 2013 Expropriation Act or something...

[AtW]

Property prices will rise indefinitely and credit will always be cheap, so everybody will get rich. Stop being a spoilsport.

People who overextend themselves with 2% mortgages are going to be far more vulnerable to rate increases than those who did so when rates were 6-7%.

[DimPrawn]

People who overextend themselves with 2% mortgages are going to be far more vulnerable to rate increases than those who did so when rates were 6-7%.

Made themselves rich for doing nothing.

[DodgyAgent]

Made themselves rich for doing nothing.

You called?

[DimPrawn]

You called?

How many BTL properties you got in your "portfolio"?