London has popped.


#161

Big variations across London, many lower-cost areas increased, pricier areas dropped but Kensington is up.

Still, oligarchs won’t like this headline in their favourite property supplement:
mansionglobal.com/articles/ … -recession


#162

And :laughing: from me too.


#163

London popped about 3 years ago.


#164

May I kindly refer you to the start of this very thread - viewtopic.php?f=11&t=62705 :angry:


#165

So are we seeing an example for a “soft landing” here?


#166

The drops are getting droppier.


#167

The drooops are getting drooooopier?


#168

UK homeowners moving far less often than in the past

Estate agents worst nightmare as fewer properties on the market mean fewer sales.


#169

Stamp duty and Brexit ‘have killed London market’, says Rics report.


#170

That report doesn’t factor in the latest and biggest threat to premium London real estate

wsj.com/articles/u-k-ire-at … 1521798378

And don’t assume the Yanks won’t use this weapon against e.g. Chinese billionaires.


#171

London house prices falling at fastest rate in nine years, says Halifax


#172

It seems the Malaysian owners don’t want to hold it too long more: they recently sold a stake for a cash injection to finish the development and now there are fears of a glut in the vicinity.

ft.com/content/6dd10888-3d8 … 972418fec4
ft.com/content/2b967d1a-fc3 … d59aace167

It seems that one London borough is building more new homes than this entire State. :nin


#173

theguardian.com/business/20 … average-uk


#174

Also international real estate dealers do not recommend London as a good place for foreign investments anymore. it doesn’t look good for the economy of the city. All this rich foreigners who were looking for a apartments and houses in London before now will go to Spain or Greece, cause their markets look more profitable :frowning: This article is a proof tranio.com/articles/the-best-ci … y-in-2018/


#175

Trying to lure investors with the prospect of rent increases in the UK, but no calculations to back it up.
propertyreporter.co.uk/prope … stors.html

When it takes 38 years rent to buy a property, even a 3% fall in house prices will wipe out an entire year’s rental income.

globalpropertyguide.com/Eur … rent-ratio

Couldn’t happen here of course because the demand will always outstrip supply. :imp:

In fact, it’s the opposite of what happened here in the boom years when rents failed to rise but BTL landlords consoled themselves with “it’s all about the capital gain” . Until one fine day, it wasn’t.


#176

Massive plunge for UK property prices

telegraph.co.uk/property/ho … -stagnate/


#177

That story seems to have been pulled, any other links?


#178

telegraph.co.uk/property/house-prices/value-uk-property-market-falls-269bn-house-prices-stagnate/


#179

No “massive plunge” - the report shows mixed results among UK regions.

Still, the London market remains weak with no sign of recovery in demand while nationally there have been 16 straight months of sales declines.

bloomberg.com/news/articles … erty-wanes

rics.org/de/news/news-insigh … o-heat-up/


#180

Luxury London homes being sold in bulk as demand drops ft.com/content/99072e92-8a6 … 71d5404543 via @financialtimes