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Debate House Prices
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London house prices surpass 1989 peak
mayonnaise
Posts: 3,690 Forumite
http://www.independent.co.uk/news/business/london-house-prices-surpass-1989-peak-1259094.html
That was 1997. It all sounds very familiar.
And we all know what came next. :beer:
Philip Sanderson, head of research, said a shortage of homes coming on to the market was driving prices up.
In its latest regional analysis, Nationwide reported that house prices in Greater London had climbed 20.6 per cent in the year to the first quarter
The report commented that first-time buyers in London were being forced to move downmarket because of the jump in prices
Mortgage lenders are keen to downplay the idea that there is a housing boom
That was 1997. It all sounds very familiar.
And we all know what came next. :beer:
Don't blame me, I voted Remain.
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Comments
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Just like 2007. It dipped before starting a new cycle.mayonnaise wrote: »http://www.independent.co.uk/news/business/london-house-prices-surpass-1989-peak-1259094.html
That was 1997. It all sounds very familiar.
And we all know what came next. :beer:0 -
What shortage of homes coming onto the market? Supply in London was up 20% MoM IIRC0
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Top of the rollercoaster.0
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Aren't you a couple of years behind the curve here? London prices exceeded their 2007 peak at least 2 years ago...0
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