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I wonder what will happen to London. Maybe the housing bubble will finally burst ?

• TheOtherHobbes 10y ago
  Already happening at the top end. The smart money is talking about moving elsewhere, especially after the recent tax changes. The top end - flats worth a million and up - has a long way to fall, because there's a glut of new build coming onto the market. The mid and lower ends have a lot more latent demand, but the end of cheap buy-to-let will force at least some landlords to sell up. Prices would usually level off, but if sterling keeps drifting lower foreign money will dump a lot of its speculative holdings. That could crash prices by big numbers, and also drop rents because many speculative buys are currently left empty.
  • techer 10y ago
    I don't think a million or more qualifies as top end FWIW
  • maxxxxx 10y ago
    If the top end collapses the result those buyers may move into lower end properties and move the prices up even more.