London property no longer looks so safe

brit1234

London property no longer looks so safe

(Reuters) - London's property is losing its attraction for investors as they start to venture out of 'safe havens' and worry that the city's prices look high given a slowing British economy.

A reputation as a safe place to park money during global market turmoil helped drive central London office prices up 52 percent between mid-2009 and the end of 2012. Prices in the smaller luxury residential market grew at a similar pace.

As investors feel calmer about the world in general, they are looking more closely at London property holdings.

"I cannot help but conclude that London is in bubble territory," said Ben Habib, Chief Executive of First Property Group (FSTP.L), which owns British and Polish real estate.

"The returns available are very low and capital values vulnerable to a shock."

Full article below in link:

http://uk.reuters.com/article/2013/02/14/uk-london-property-idUKLNE91C02Y20130214

wotsthat

Balloons and pins - nearly as scary as pictures of dynamite taped to an alarm clock.

james_toney

london has been in a bubble for the last 13 years, and the prices are just crazy even with a 50% fall they will still be expensive, i have no idea how people survive in london never mind buying a place.

Harry_Boyle

Why have you not updated your signature since September 2012?

How can we rely on information provided by someone who has such erroneous, out of date information in his signature?

I feel your credibility is non existent until you update your signature.

mr_fishbulb

I'm not sure about it slowing any time soon - with the pound dropping against the Euro, prices are getting cheaper for rich Europeans looking to buy.

wymondham

only mugs buy in London - move out and get a decent life where you're not slave to your extortionate mortgage!

Mr._Pricklepants

wymondham wrote: »

only mugs buy in London - move out and get a decent life where you're not slave to your extortionate mortgage!

Horses for courses.

Many 'mugs' might enjoy living in or near a vibrant 24 hour city with plenty of well paid employment opportunties, a world class culture offering and be willing to pay the price for it.

Others might prefer spending their life in some god forgotten town in Norfolk.

To each their own.

wymondham

Mr._Pricklepants wrote: »

Horses for courses.

Many 'mugs' might enjoy living in or near a vibrant 24 hour city with plenty of well paid employment opportunties, a world class culture offering and be willing to pay the price for it.

Others might prefer spending their life in some god forgotten town in Norfolk.

To each their own.

the employment has to be very well paid!

ILW

Boris Johnston referred to the London property bubble last week, saying that a mansion tax could cause it to burst.

Conrad

Mr._Pricklepants wrote: »

Horses for courses.

Many 'mugs' might enjoy living in or near a vibrant 24 hour city with plenty of well paid employment opportunties, a world class culture offering and be willing to pay the price for it.

Others might prefer spending their life in some god forgotten town in Norfolk.

To each their own.

We folk out here talk of our sigh of relief as we finnaly get out of London and back into the open fields. Just cannot abide hassle, parking issues, noise, smells and I just love the majesty and magic of rural Britain. This morning the mist interwoven with early sunshine was off the scale. Nothing built can compare.

buglawton

There are excellent other places than London. Some even have connections to London via things called railway lines.