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Being valued at £2M doesn't mean you could sell all of them for that price or that the people living in them paid £2M for them. The sort of person who could af
by thrwyoilarticle 5y ago
Being valued at £2M doesn't mean you could sell all of them for that price or that the people living in them paid £2M for them.
The sort of person who could afford a nice house 3+ decades ago and spent the intervening years living in London isn't likely to move to somewhere more rural just because they can realise an investment.
- RobertKerans 5y ago> Being valued at £2M doesn't mean you could sell all of them for that price or that the people living in them paid £2M for them But in London these houses do sell, normally very quickly (and bullshit apartments in shiny new blocks that are in same price bracket I guess same, generally they do seem to sell, but I assume that's just parking money for tax purposes so not quite same thing).
- thrwyoilarticle 5y agoThat's exactly my point. The demand is far higher than the supply.
- RobertKerans 5y agoAh, sorry, I misread that. GP has fair points though, whole situation in the UK is crazy, infects everything, it's an arms race