– London, Dublin, Sydney, Vancouver and Hong Kong housing prices fall … – Property bubbles in many cities internationally according to ‘Economist’, UBS & others – UBS found that six of the world’s largest cities are now subject to massive speculative housing bubbles – Hong Kong, Munich, Toronto, Vancouver, Amsterdam & London– Brexit and bursting property bubbles including London impacting sentiment overvalued Dublin housing market– Housing prices in Dublin fall 2.5% as Brexit, global risks increase– Australian house prices fall 2.7% as Sydney & Melbourne see sharp price falls as Australian bubble bursts
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– Brexit in conjunction with severe price unaffordability, rising interest rates and global economic uncertainty is leading to sharp price falls in London home prices – London home prices have fallen five months in a row with property prices more than 7% lower in 12 months in some areas – The Economist has done research which suggests that London house prices are 50% overvalued and Dublin house prices are 25% overvalued
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Source: Bloomberg.com
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Gold Prices (LBMA AM)
03 Oct: USD 1,203.50, GBP 925.73 & EUR 1,040.55 per ounce 02 Oct: USD 1,192.65, GBP 919.77 & EUR 1,035.46 per ounce 01 Oct: USD 1,185.30, GBP 907.94 & EUR 1,021.02 per ounce 28 Sep: USD 1,183.50, GBP 906.44 & EUR 1,020.41 per ounce 27 Sep: USD 1,196.00, GBP 911.59 & EUR 1,020.91 per ounce 26 Sep: USD 1,198.80, GBP 910.49 & EUR 1,018.86 per ounce
Silver Prices (LBMA)
03 Oct: USD 14.74, GBP 11.36 & EUR 12.75 per ounce 02 Oct: USD 14.51, GBP 11.20 & EUR 12.59 per ounce 01 Oct: USD 14.55, GBP 11.16 & EUR 12.53 per ounce 28 Sep: USD 14.31, GBP 10.97 & EUR 12.35 per ounce 27 Sep: USD 14.42, GBP 10.98 & EUR 12.31 per ounce 26 Sep: USD 14.48, GBP 11.01 & EUR 12.32 per ounce
