Deutsche Bank calls time on London prime property party

padington

They are not calling top, nor are they are saying the next 30 years will not be as astronomically inflationary for normal London residential property. They are saying 'prime' property, with its uniquely large stamp duty over 2 million quid will struggle.

What they fail to mention is well placed first time buyer property still has rockets strapped to it.

Look for chicken shops in cheaper areas soon to turn into coffee shops ( not saisnburys turning into waitrose ) and you'll be just fine ( if the alternative was paying rent ).

2 bed properties or less with a changing demographic and big new transport plans or gentrification in the pipeline, should still be a good move.

MARTYM8`

padington wrote: »

They are not calling top, nor are they are saying the next 30 years will not be as astronomically inflationary for normal London residential property. They are saying 'prime' property, with its uniquely large stamp duty over 2 million quid will struggle.

What they fail to mention is well placed first time buyer property still has rockets strapped to it.

Look for chicken shops in cheaper areas soon to turn into coffee shops ( not saisnburys turning into waitrose ) and you'll be just fine ( if the alternative was paying rent ).

2 bed properties or less near old chicken shops with a changing demographic and big new transport plans or gentrification in the pipeline, should still be a good move.

You do keep needing to reassure yourself about your property purchase in Wood Green! Not sure about property prices but you certainly won't be short of chicken shops to dine out in as you dodge the local gangs on your way home.

cells

MARTYM8` wrote: »

You do keep needing to reassure yourself about your property purchase in Wood Green! Not sure about property prices but you certainly won't be short of chicken shops to dine out in as you dodge the local gangs on your way home.

you could always buy them some chicken to befriend them

Generali

cells wrote: »

you could always buy them some chicken to befriend them

Crack is preferred I believe.

padington

MARTYM8` wrote: »

You do keep needing to reassure yourself about your property purchase in Wood Green! Not sure about property prices but you certainly won't be short of chicken shops to dine out in as you dodge the local gangs on your way home.

Where there's muck, there's luck

Graham_Devon

UBS adding their bit...

Soaring house prices in London have fuelled a "bubble-risk" that has left the capital most in danger of a correction out of all major cities in the world, UBS has warned.

The Swiss bank said foreign demand from investors seeking safe-havens, the Government's help to buy scheme and "alluring yields" on buy-to-let investments had all "propelled London house prices to new heights" as demand continued to outstrip supply.

UBS said "caution" was warranted as London now risked a “substantial price correction should the fundamentals for estate investment deteriorate".

"London is by far the most overvalued market in Europe, at risk of a bubble as a result of explosive price behavior since 2013," the report warned.

Were at the top of their own bubble index!

"Between 1985 and 2009, whenever the index exceeded 1.0 ... a real price correction of on average 30pc began within three years 95pc of the time," UBS said.

London is more than 1.5....

http://www.telegraph.co.uk/finance/property/house-prices/11963302/London-on-course-to-become-next-house-price-bubble-fatality-warns-UBS.html

padington

Graham_Devon wrote: »

UBS adding their bit...



Were at the top of their own bubble index!



London is more than 1.5....

http://www.telegraph.co.uk/finance/property/house-prices/11963302/London-on-course-to-become-next-house-price-bubble-fatality-warns-UBS.html

Did you notice any unusual economic or migrationary activity since 2009 ?