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Britain

London home prices falling down, falling down, falling down

2019-04-18

[Twitter]

The London housing market is hot because of capital flight from Europe, legal clarity, its position as a bridge to the North American market, and strong local rule of law. The first three factors are ending. http://t.co/9WlBe6FwqX
— Peter Zeihan (@PeterZeihan) April 17, 2019

Posted by:3dc

#1 London house affordability got very low because the laws on money laundering did not apply to property.
All the hot globalist cash imploded house affordability.
Hopefully the price can return to its long term average compared to incomes.
This tweet is drivel.
The capital comes from russia and china.
This "bridge" argument is weak when you look at the figures on trade (being in the EUSSR prevented trade with Britain's English speaking partners)
as for the rule of law, the prices are high because it was ignored.

Basically the chinese have stopped paying insane prices for concrete crap.

Posted by: Bright Pebbles 2019-04-18 02:56

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