Friday, 16 April 2010

Housing bubble is back

The ES is reporting tonight the return of the London housing bubble, with prices in Westminster now 10% above their 2007 peak. My own borough is still 6% under the 2007 level, but there's no shortage of estate agents letters on the mat begging for us to market our homes with them 'for waiting buyers'.

I'm staying put until this all plays out - I have a feeling it's all going to end in tears.

2 comments:

Scrobs... said...

"estate agents letters on the mat begging for us to market our homes with them 'for waiting buyers'. "

It will Raeders, it will.

for "Waiting buyers" read "Desperate down-sizers".

The bombshell will happen about six moths after Brown is back in Kircudnasty where he belongs.

English Pensioner said...

We tried to sensibly downsize when I retired a few years ago, but the costs involved, when they were all added up, meant that we'd be out of pocket, so we stayed where we are.