The bursting of the London property bubble

daryanblog

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Property prices in the UK are now clearly on a downward trend, notably around London. Since the brexit vote, they’ve fallen by 15%. With Europeans being attacked on the London underground for daring to speak a foreign language, and even some of the windrush generation, who came to Britain over fifty years ago being told to go home by the government, its perhaps no surprise that this will have a knock effect on house prices. The expectation is that this is not a blip but we’ll see a slump in prices lasting at least five years.

At face value this would appear to be the one bit of good news you could draw from brexit. Property prices in London are massively inflated, largely because of investors (from home and abroad) who’ve been buying up London properties and using them as gambling chips in a casino. In some cases…

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About daryan12

Engineer, expertise: Energy, Sustainablity, Computer Aided Engineering, Renewables technology
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