London house prices rocket 10% in just one month

[eek]

THe market at large, yes. The market in London is a hedge fund, it's not to do with residence & a being a good place to live.

I remember people saying that about Tokyo in 1988 as well

[scooterscot]

If I got a mortgage I could get this one...

3 bedroom flat for sale in Leamington Road Villas, Notting Hill, London, W11, W11

Nah, I prefer Munich. Not being to go skiing within an hours drive would drive me nuts.

[cailin maith]

If I got a mortgage I could get this one...

3 bedroom flat for sale in Leamington Road Villas, Notting Hill, London, W11, W11

Nah, I prefer Munich. Not being to go skiing within an hours drive would drive me nuts.

Picture 8..... that's a bedroom?

London house prices are mental.

[scooterscot]

Picture 8..... that's a bedroom?

London house prices are mental.

I thought the same, I thought it was a boat.

[sirja]

I remember people saying that about Tokyo in 1988.....

Eventually sanity will have to return to the market. But that may be a few years away at current interest rates.....

Just to be clear I am really talking about London here. I think the London/SE Market is quite unique. With London being a magnet for global workers/students/investors, and the lack of any large scale house building, I just can't see how house prices crash here. A slowdown in growth and/or a minor correction yes, but not a crash. I guess the situation might well be different in other parts of the country.

[Old Greg]

Just to be clear I am really talking about London here. I think the London/SE Market is quite unique. With London being a magnet for global workers/students/investors, and the lack of any large scale house building, I just can't see how house prices crash here. A slowdown in growth and/or a minor correction yes, but not a crash. I guess the situation might well be different in other parts of the country.

Let's say a key driver is foreign money (Arab, Russian, HK, Chines, Singaporean, Greek, Italian etc. etc.) money seeking a safe haven investment in London property. What might happen when the conditions that drive the flight to a safe haven change?

[minestrone]

I thought the same, I thought it was a boat.

It's not a bedroom, it is a 4th bed stuck in cupboard space but there are 3 other bedrooms.

[NorthWestPerm2Contr]

Let's say a key driver is foreign money (Arab, Russian, HK, Chines, Singaporean, Greek, Italian etc. etc.) money seeking a safe haven investment in London property. What might happen when the conditions that drive the flight to a safe haven change?

Very good point - it will be like in 2007 when everybody was banging on about how house prices would never go down because nobody really saw the credit crunch coming.... Then when the world economy changes and the London housing market goes bust we will all be like: we knew that was coming (as if).

[jamesbrown]

Very good point - it will be like in 2007 when everybody was banging on about how house prices would never go down because nobody really saw the credit crunch coming.... Then when the world economy changes and the London housing market goes bust we will all be like: we knew that was coming (as if).

It isn't only London though. The property market is overheating in a bunch of global cities. Just another side effect of QE, i.e. asset bubbles. The end of QE will likely be the trigger, but will it end?

[d000hg]

Picture 8..... that's a bedroom?

London house prices are mental.

My first thought was that some idiots with more money than sense have ruined a rather nice house.