Categories





The Phaserl








TheLibertyMill


London Property Bubble Vulnerable To Crash

by Mark O’Byrne, Gold Core:

– London property market vulnerable to crash
– House prices in London are falling
– London property up 84% in 10 years (see chart)
– House prices have risen over 450% in 20 years
– Brexit tensions as seen over weekend and outlook for U.K. economy to impact property
– Global property bubble fragile – Risks to global economy
– Gold bullion a great hedge for property investors

For the bargain price of 36 AED (£5) I can buy Global Property Scene magazine, here in Dubai. This month it is running the headline ‘ Could Brexit be the making of the UK Property market?’

Property here in Dubai is a big deal, everywhere you look there are cranes and in the middle of the Malls developers have spent a small fortune placing a stand with a 3D model of their latest development.

The Emirate is looking to position itself as the financial safe haven of the Middle East and with that, they know, comes a solid property market.

London property has long been the poster child for countries such as the UAE who are looking to develop what has for a while appeared to be an indestructible real estate market.

Since 2011 London house prices have climbed by 65%. Between 2006 and 2016, average house prices in the capital grew from £257,000 to £474,000 or by a very substantial 84.4%. These large gains were ‘built’ on the back of the very large appreciation that was seen in prices between 1996 and 2006 (see chart below).

Average house prices in London in 1997 were below £85,000 meaning that in 20 years prices have risen over 450%.

Read More

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>