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You come out with many bold predictions, I could easily argue the complete opposite if your views based on history, cycles, public psychology,, money creation and the fact your wrong. Why are you so confident in your, the world is doomed, view? You're just another cog in the same machine
Different views make the market place. Currently all you have to do is read signs. Its not rocket science to see the asset bubble is reaching its peak. Property is coming under pressure, stock markets and currency markets are getting more volatile , debt levels on historical highs. Just look at the USA soon the interest just on their debt will coast the tax payers $900bn per year. USA companies are for the first time ever spending more money buying back there own shares than spending on reinvestment. Why to get share price up and the owners cash in through share incentive schemes etc. Highly inflated stock prices . Europe still has massive debt problems. Italy about to break the ECB budget requirements, that could lead to major banking problems as the margins on their debt widen out. Many European banks hold this and when they want out there is no market. Thats why Italy and other European markets fell back last week, and the euro came under pressure again. Russia and China continue to increase their gold reserves why as hedge against the dollar. Maybe right or wrong only time will tell.
Difficult to predict it, but unless the country face long term stagnation/recession and unattractiveness (possible in case of a chaotic Brexit and outflow of investment - no view on how to reshape economy), I see feasible doubling price in London.
For sure London in the long will keep outperforming the rest of the country, the “economic gentrification” would create more and more opportunities in the economic capital of any country, plus London would re-invent itself more quickly that the rest of the country after-Brexit.
In the very short London is at more risk, but medium long I would bet in London.
I agree with the other comments, we will have to wait and see but it is definitely possible. Looking to the past and how the London property market has risen over the last 20 years, it can definitely increase by that much. But there are always factors such as Brexit, possible recessions that may change this
I don't think London house prices will double in 15 years time, but a year on year average upward increase of 3% is possible.
The reason I don't think it will double is now because foreign money coming in is more scrutinised, those sort of investor may start looking elsewhere.
They already are... the north.
Who has The vested interest in this topic
its owners and investors
the govt don’t want property inflation and my guess is if it keeps going up in London at a high rate government will act futher
we have already seen our market slow and if home owners wish to buy affordability comes into play
prices have to fall short term and then we have stagnation
landlords will pay more tax to put us off buying it’s working now
and even if the prices were to rise s24 ect will be increased and CGT too it could come to the point due to taxation BTL is not worth doing
we are just at the start of the new taxation of landlords don’t underestimate what the government will do to slow price increase
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Speculation is often that. Speculation.Anything you read about predicting the market 15 years ahead of time should be taken with a pinch of salt!
I don't think that real estate for sale in London will become so much expensive. I mean it it not cheap now but will not become double in the price. Otherwise nobody will be able to afford it even with help of banks and it's loans... There are some interesting articles on this subject on Tranio website.
I recon they will double in 10 years. Frankly I wouldn’t take on the hassle and risk of BTL if I didn’t believe they would.