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 Post subject: Re: London has popped.
PostPosted: Mon Sep 17, 2018 9:54 am 
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Property Magnate

Joined: Feb 19, 2008
Posts: 615
Bank valuations on London residential are down 10-15% from 2 years ago.
Houses under c. £1.5m in south London are being marketed at at least 15% discount to 2016 asking prices to gain traction - who knows what they will sell for. Flats south of the river are nearly impossible to sell unless they are very affordable to first time buyers.

Carney's worst case scenario may be just that, but its half way there already.


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 Post subject: Re: London has popped.
PostPosted: Fri Oct 12, 2018 7:15 am 
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Single Home Owner

Joined: May 21, 2017
Posts: 155
More signs of weakness in London market


https://www.bloomberg.com/news/articles ... rty-prices

Quote:
“Market generally slow, vendors have to accept that values have dropped. The future of the market depends almost entirely on Brexit negotiations.”


Good to know we're Brexit-proof :x


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