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Debate House Prices
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London price surge breaks records
NoelC
Posts: 46 Forumite
Seems that buyer enquiries in the month since the election are dramatically up:
https://www.cityam.com/post-election-property-price-surge-breaks-records/
https://www.cityam.com/post-election-property-price-surge-breaks-records/
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Comments
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This looks like asking prices to me i.e. housing that has just come to market.
I think the outlook is positive but it's a somewhat misleading headline.
Interest and asking prices are up, not actual sale prices.0 -
This looks like asking prices to me i.e. housing that has just come to market.
Asking price movements are a leading indicator of what is happening to the market.
If you follow the 18 year property cycle theory, we are just at the end of the mid-cycle wobble (this time caused by Brexit uncertainty) so a steady uptick in London property values for the next 5 or so years seems to have just begun
More on the 18 year property cycle here:
propertyhub.net/course/the-18-year-property-cycle-explained/0
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