London has popped.


#225

https://www.ft.com/content/ea9c9abc-943d-11e9-aea1-2b1d33ac3271


#226


Brexit uncertainty being blamed. Sound familiar?


#227

In London, average house prices fell by 4.4% in the year to May 2019, down from a fall of 1.7% in April 2019

https://www.gov.uk/government/publications/uk-house-price-index-summary-may-2019/uk-house-price-index-summary-may-2019


#228


More sobering analysis from Wolf Richter. It has well and truly popped at the high end of the market. Sound familiar?


#229


Will this happen here? Is it already happening??


#230


London’s high end is collapsing…


#231

#232

Asking prices for U.K. homes posted their first September decline in nine years amid the escalating turmoil over Brexit.

They fell 0.2% from August to an average of 304,770 pounds ($380,000), property website operator Rightmove said in a report published Monday. The downturn was most pronounced in London, where prices dipped 2.2%.

Read more https://www.bloomberg.com/news/articles/2019-09-15/autumn-bounce-fails-to-materialize-for-u-k-housing-market?srnd=premium-europe


#233

London’s luxury housing market is flush with buyers, but prices keep on falling.

The number of potential new buyers hit a 10-year high last month, suggesting surging demand, according to Knight Frank’s Prime Central London Sales Index, one of the longest-running gauges of home prices in the capital’s toniest districts. It’s a familiar trend: the September index has shown an increase in house hunters registering with the broker or viewing properties for the last four years.

Read more https://www.bloomberg.com/news/articles/2019-10-04/london-luxury-home-prices-keep-falling-despite-swarms-of-buyers?srnd=premium-europe


#234

Slightly strange article. If there are less buyers then surely there are more potential buyers on the sidelines. The surge is clearly in potential buyers rather than actual buyers.