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Yeah, the extent to which the banking sector leaves might make an impact, but the collapse of sterling is probably going to drive more investment into London pr
by fredley 10y ago
Yeah, the extent to which the banking sector leaves might make an impact, but the collapse of sterling is probably going to drive more investment into London property, not less.
- TheOtherHobbes 10y agoUnlikely while sterling is crashing. London prices will soon follow, as The Money leaves town. If there's a recovery it will be years from now, when there are easy profits to be made. Currently there are easy losses to be made, and no one wants that.
- cyphunk 10y agoI think, from watching this happen in Berlin, most property investors are not looking for short gains. In Berlin I think the rent-protection laws pretty much force you to be a long term investor, if you are going to invest. I'd assume most property investors in London are also long term. As you mention, gains will be years from now. But unless the fundamentals of international capital change in those years, it's likely anyone with spare capital will find the 10 year wait on a London investment more than pays off during recovery.