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> property prices and rental yields are extremely precarious I noticed you didn't say "declining" because that wouldn't be true.
by fortuna86 4y ago
> property prices and rental yields are extremely precarious
I noticed you didn't say "declining" because that wouldn't be true.
- OJFord 4y agoOver what period? 1 Feb Guardian - house prices fall for fifth month in a row 1 March Guardian - house prices fall at fastest annual rate since 2012
- TheOtherHobbes 4y agoAnd they're still hugely inflated compared to a couple of years ago, while wages are either constant or significantly lower in real terms. The price-to-earnings ratio is 9X in London and around 5X in the rest of the UK. Property speculation is always ten steps forward and one step back. Prices in the UK would have to crash by at least 50% to return to any kind of widespread affordability.
- fortuna86 4y ago> Over what period? At least 2-3 years, anything less is too small a sample size. You could be highlighting a 10% decline after a 200% increase.