London's property market crash has arrived

[PurpleGorilla]

Burn baby burn.

[TwoWolves]

There is a point were even buy to rent becomes unviable. Rents are more aligned with the economy and even the government is capping the rent it will pay to house migrants/unemployed. It was always going to hit the buffers eventually.

Migrants are poor and wages/rates have been static for years.The bond market is even biting at the heels - only one way to go now.

[ladymuck]

Woohoo! I might be able to negotiate a rent reduction next year when I'm up for renewal.

[DimPrawn]

It's nice to see the UK property crash theme make a comeback.

I can't see it ever happening with high immigration (they need houses to rent), low house building and a govt controlled by the banks.

Not until Korbyn arrives, and we become the European version of Venezuela....

[fullyautomatix]

A full blown Japan style crash is unlikely but a correction of 10-20% is possible and would be welcome. Just what is driving up the prices? An increase of 2k per month is being mentioned which just makes it look like a ponzi scheme.

[madame SasGuru]

I wish I'd bought a flat in/near Moorgate when I was working there in the previous decade.

My wife and I still wouldn't mind a London pad for retirement. Would be nice to get it 50% off.

But for all those uneducated and unwashed masses that are wishing for a property crash: be warned that such a scenario would impact the entire country and even those who don't yet have their own home. It would unleash complete carnage for the economy.

So vote for Corbyn if you like, but don't for a second believe that he will "save" you or your country.

Why? it would be no different from 1989 through to 1994 after the previous crash - granted in the worst examples some people remained in negative equity until the late 1990's

Also look at both Eire and Northern Ireland. Prices in Northern Ireland are still 30% below their 2007 peak...

[ChimpMaster]

I wish I'd bought a flat in/near Moorgate when I was working there in the previous decade.

My wife and I still wouldn't mind a London pad for retirement. Would be nice to get it 50% off.

But for all those uneducated and unwashed masses that are wishing for a property crash: be warned that such a scenario would impact the entire country and even those who don't yet have their own home. It would unleash complete carnage for the economy.

So vote for Corbyn if you like, but don't for a second believe that he will "save" you or your country.

[Loan Ranger]

The gap between London and the rest of the country probably needs to narrow.

https://www.ons.gov.uk/economy/infla...english-region

[Jog On]

This is definitely happening - Housing has gone out of style

Everyone who wanted to buy one has suddenly stopped being interested

I will be interested when the prices are 25% of what they are now

[LondonPM1]

More doom and gloom or, depending on how you look at it, delightful news from ZeroHedge

2018-02-20 London's Property Crash Has Begun

Although they are undoubtedly permabears, and their apocalyptic warnings are often overstated, I reckon this time they're pretty much on the button.

This is definitely happening - Housing has gone out of style

Everyone who wanted to buy one has suddenly stopped being interested

[Jog On]

Just in time for crypto Lambos

[OwlHoot]

More doom and gloom or, depending on how you look at it, delightful news from ZeroHedge

2018-02-20 London's Property Crash Has Begun

Although they are undoubtedly permabears, and their apocalyptic warnings are often overstated, I reckon this time they're pretty much on the button.