After hearing all the doomsters predicting an imminent property crash I was surprised to read that London and parts of the south east will see a 30-40% rise over the next 5 years. The best rises will be in the areas in east London and to the east of the capital, perhaps in part due to the Olympics but mainly due to hard working immigrant folk colonising the poorer areas where property is still "affordable" (like Barking and Dagenham) while "white flight" takes others outside the M25.
The best website is http://www.housepricecrash.co.uk/ - a load of idiots praying for a crash so they can move out of rented. If they had half a brain they'd realise that the very same economic conditions they are praying for would most likely lead to them becoming unemployed and unable to buy a house even at greatly depressed prices. Talk about cutting off your nose to spite your face.
Meanwhile astute investors who had been sitting on the sidelines would just buy yet more property and the ratio of owners to renters would decrease even further.
The best website is http://www.housepricecrash.co.uk/ - a load of idiots praying for a crash so they can move out of rented. If they had half a brain they'd realise that the very same economic conditions they are praying for would most likely lead to them becoming unemployed and unable to buy a house even at greatly depressed prices. Talk about cutting off your nose to spite your face.
Meanwhile astute investors who had been sitting on the sidelines would just buy yet more property and the ratio of owners to renters would decrease even further.
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