T
totallyproperty
Administrator
Staff member
While normally signs of a slowdown in the London property market would indicate less demand for UK properties overall, the situation in the UK at the moment is slightly different to the norm. Estate agent across London and now reporting a slowdown in demand for luxury properties although this is leading to the so-called "ripple effect" which means that many people are disinvesting their London property assets and looking to more value added areas of the UK such as the south-east.
While this will create a broader and more supportive UK property market it has done nothing to quell the fear among some experts that we are heading towards a house price bubble. This despite the fact that the Bank of England and the Halifax seem very much at ease with the current situation in the UK and have no concerns about a potential property bubble in the short-term.
While this will create a broader and more supportive UK property market it has done nothing to quell the fear among some experts that we are heading towards a house price bubble. This despite the fact that the Bank of England and the Halifax seem very much at ease with the current situation in the UK and have no concerns about a potential property bubble in the short-term.
