Debate House Prices


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London house prices set to double in 10 years

padington
padington Posts: 3,121 Forumite
edited 18 December 2015 at 8:37PM in Debate House Prices & the Economy
Looks like yearly 7% HPI will be happening in London for a very long time.

http://uk.businessinsider.com/latest-uk-and-london-house-price-data-2015-12

I think I'm right in saying which point London prices will be close to 4x elsewhere.

If you move out just be prepared to never come back.
Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.

Comments

  • SailorSam
    SailorSam Posts: 22,754 Forumite
    10,000 Posts Combo Breaker
    There's no facts in that story. It's just someones opinion to get their name in the papers.
    Liverpool is one of the wonders of Britain,
    What it may grow to in time, I know not what.

    Daniel Defoe: 1725.
  • padington
    padington Posts: 3,121 Forumite
    edited 18 December 2015 at 10:07PM
    The figures have been compiled for the estate and letting agents by the economics consultancy the Centre for Economics and Business Research (CEBR).
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • i badly struggle with the idea of a nearly £1m average price in 10 years' time, without general inflation getting hugely out of control. what'll the average london wage be then? £60k?? £70k???
    FACT.
  • padington
    padington Posts: 3,121 Forumite
    edited 20 December 2015 at 11:24PM
    i badly struggle with the idea of a nearly £1m average price in 10 years' time, without general inflation getting hugely out of control. what'll the average london wage be then? £60k?? £70k???

    It's a million average in many places in London already. The world didn't implode.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
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