Greek London Home ScandelIs there any sign of the London po

sabretoothtigger

FTBFun wrote: »

Is this still on iplayer?

Another case I remember, I think it was tv. But a lady teacher from the sixties moving house, retiring documenting just how did I become an accidental millionaire.

Due to her job she was on some sort of house buy scheme for local workers, nothing special though just a teachers wage to pay off the mortgage. They told her there really isnt anything else you could have done better with your wages to get that kind of return.
This was pre crash as she was retiring and selling up to move somewhere smaller and quieter. Are London prices back on top already ?

JoshuaJames

brit1234 wrote: »

This is the real reason London House Prices are up last couple of years and distorting the National average. Nothing to do with London being sound economically just people from abroad using it as a safe haven. It has created a bubble on a bubble and when the London bubble pops the house price crash will increase dramatically.

Plenty of rich Europeans have been looking for somewhere 'safe' to protect their wealth as Europe contagion spreads. London property was perfect because its priced in sterling. Since 2007 when a pound could buy €1.50 sterling has weakened greatly down to as low as €1.08 or thereabouts. All because the B.O.E added many billions of units of sterling to the supply out of thin air. That was bad news for UK holiday makers but something of a free lunch for over seas property investors.

But now sterling's time on the ropes seems to be over making London property less of a bargain for overseas investors. Now hovering around the €127 mark. If overseas investors wanted to sell now they would make a tidy profit just on the currency surge. As other currencies join the race to debase and also add billions and billions of units to the worlds supply. The UK is losing the worldwide race to debase.

Time will tell will the B.O.E keep adding billions more units, to catch up. Of course they will, but will the overseas investors pulling out of London cause a landslide before the B.O.E can abuse sterling some more?