Mad London House Prices? We've Seen Nothing Yet

[Blue_Horseshoe]

Jan. 29 (Bloomberg) – After a year of huge price increases for London homes, you would think the market had gone crazy.

You haven’t seen anything yet.

London is just following the rest of U.K. real estate. Don’t be surprised if the capital’s fevered property market doubles in value before this boom runs out of steam.

London and the South East have a lot of catching up to do over the next few years,'' David Stubbs, senior economist at the Royal Institution of Chartered Surveyors in London, said in a telephone interview.They have underperformed the rest of the country.’’

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