London Has Peaked

Bubble_and_Squeak

DanW87 wrote: »

I don't think London will ever peak, the price growth may stagnate at times or slow down but I cannot see it ever really dropping - far too much demand. In Cambridge, where i'm from, I believe will be a similar situation. If the demand is there then I cannot see the prices going down!

if this were true rodney place would have been snapped up months ago

padington

Bubble_and_Squeak wrote: »

just out of interest, why do you keep quoting haringey?

It's the homely horse I'm backing. Shared the tip three years ago. The Bears laughed at the idea. Can't help but remind now and again.

I predict (no black swan event permitting) for the next five years to be also rather good. Anywhere close to woodgreen tube. Stay away from pricey haringey, keep to the cheapside of Ally Pally.

hpifever

Therefore more and more people being priced out.

HAMISH_MCTAVISH

hpifever wrote: »

Therefore more and more people being priced out.

That's the entire point of rising prices...

rob404uk

For all you know Rodney place could have a massive crack in the back wall, hence it is not selling. E17 definitely slowed down a little but sold signs still going up and up 50% in the last three years.

Crashy_Time

HAMISH_MCTAVISH wrote: »

That's the entire point of rising prices...

You should snap up some oil before it goes up again Hamish.

Crashy_Time

padington wrote: »

Haringey 31% up on the year. Whilst london 31% up on its 2007 peak.

http://www.hamhigh.co.uk/home/property/camden_property_prices_see_strongest_increase_in_london_this_quarter_1_3866683

Tulip anyone?

padington

Interesting graphs here showing evidence of why sky high prices in London probably won't change unless we actively legislate against the free market in regards to migration, building and/or selling to foreigners etc ...

https://uk.finance.yahoo.com/news/london-property-market-in-graphs-165123211.html

Personally think we should let london remain totally free market with very strict building controls to maintain its safe haven status and keep enjoying the money pouring in to build a world capital but use anti free market principles to protect local people everywhere else.

Interesting to see free marketeers rallying against a free market though.

hpifever

HAMISH_MCTAVISH wrote: »

That's the entire point of rising prices...

Then who will buy your house (that has earned more than you) in the future. There will be no one left!

ukcarper

hpifever wrote: »

Then who will buy your house (that has earned more than you) in the future. There will be no one left!

This is what you seem to fail to understand that will not happen when prices reach that point they will stop increasing and adjust to a level that people can buy.