London Has Peaked

Bubble_and_Squeak

wotsthat wrote: »

Halifax have just updated their calculator. Greater London down 2.5% in Q4 - it's a small mercy because they're still up 5.4% on Q2.


You're convinced a crash is just around the corner (HPC rule 1) and pay good value rent (HPC rule 2) - how many viewings have you done this week?


Actions speak louder than words.

please stop lying about me

Bubble_and_Squeak

padington wrote: »

'When the ECB launches its QE, much of it won’t end up in Europe... and if it spills out anywhere ... It will be into Londons .... property market'

http://www.marketwatch.com/story/the-winners-from-draghis-qe-america-and-britain-2015-01-14

at first i thought that EU QE would bump up london property but now i'm not so sure. i doubt it will be enough to offset the money lost through petro dollars. indeed, many opec countries may need to cash in their chips to make up shortfalls in their incomes.
also, property investment in southern europe by uk nationals will become increasingly attractive. weakening euro and money printing will probably increase property in places like cyprus and spain (greece possibly too risky) which is currently dirt cheap.

danothy

Bubble_and_Squeak wrote: »

i need somewhere to live!

Are you currently homeless?

Bubble_and_Squeak wrote: »

please stop lying about me

Lead by example.

padington

Bubble_and_Squeak wrote: »

i need somewhere to live!

Why don't you continue to rent ?

hpifever

So many people here have the hip fever. Luckily there fewer and fewer people loving hpi right now.

tkane

hpifever wrote: »

So many people here have the hip fever. Luckily there fewer and fewer people loving hpi right now.

HPI is a British obsession. You are going to be waiting decades before the majority of the electorate shares your sentiment of HPI flu.

wotsthat

Bubble_and_Squeak wrote: »

please stop lying about me

You're not convinced there's a crash around the corner?

Bubble_and_Squeak wrote: »

at first i thought that EU QE would bump up london property but now i'm not so sure. i doubt it will be enough to offset the money lost through petro dollars. indeed, many opec countries may need to cash in their chips to make up shortfalls in their incomes.
also, property investment in southern europe by uk nationals will become increasingly attractive. weakening euro and money printing will probably increase property in places like cyprus and spain (greece possibly too risky) which is currently dirt cheap.

Just what I was pondering. Will the decline in the number of petrodollars offset the effect of EU QE on London house prices. Of course then there's the complication of the weak Euro attracting people away from E17 and towards Cyprus.

Mental.

Bubble_and_Squeak

padington wrote: »

Why don't you continue to rent ?

i will move EAST for work purposes in the next few months. if i don't find a suitable place to buy then i'll continue to rent.

Bubble_and_Squeak

wotsthat wrote: »

You're not convinced there's a crash around the corner?



Just what I was pondering. Will the decline in the number of petrodollars offset the effect of EU QE on London house prices. Of course then there's the complication of the weak Euro attracting people away from E17 and towards Cyprus.

Mental.

have i ever said there is a crash around the corner?

hpifever

Hpi is doing a lot of harm and no good. I wish certain people on Mse realise that.