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mantoux
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London Housing Bubble Set for Collapse - Wolf Richter -

correct, but still just a reflection of the mid cycle slowdown in the larger property cycle...the bubble is deflating but it wont burst. Wait until 2025 and you will think 2016 was a quaint history.

Commented 2838 days ago

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Beginning of the headline :But don’t just blame Brexit. In Central London – the 30 most central postal codes and one of the most ludicrously expensive housing markets in the world – eager home sellers are slashing their asking prices to unload their properties. But even that isn’t working. In the 12 days after the Brexit vote, cuts to asking prices have soared by 163% compared to the 12 days before the vote, according to the Financial Times. Yet sales have plunged 18% from before the Brexit vote. Sales had already taken a... Read More

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