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recession: prices of houses ARE coming down in London. or not?Updated 22/10: More bad news or just media bullshit? Original Post 15/10: an example: today i have received multiple copies of an email from a very famous company building private housing. they are super slashing prices in one of their many development: “Due to completion failures by previously contracted purchasers we are able to offer you the chance to purchase an apartment in Central London with massive savings of up to £100.000.” It’s true that the location is actually hardly Central London, being more like south east london, but yet.. it is London..
However, despite this example,there are also many example of prices NOT going down but actually even going the other way around. Which can be explained with a prolonged lack of offer of properties in more prestigious areas where people with a LOT of money (and there are still a lot of them, perhaps even more than before), want to go.
Bad news for me..
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