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Podcast: The Property Podcast
Episode: TPP223: What is happening to the London property market
Description: This week we're focussing on a topic discussed regularly - what's happening to the London property market?
So, what's happened over the last 8 years?
London prices have grown 80% over 8 years (since 2009)
Every price band has increased by roughly the same percentage...BUT timing differs
Top 30% recovered from 2009-2012. Driven by overseas buyers and domestic residents who didn’t need mortgages or could get them more easily
Lower sectors only grew strongly from 2013 onwards. Driven by ripple effect, confidence, access to finance
(This is why it’s best to own prime assets. They grow first and further - bec...