The Property Podcast TPP550: Is now the time to invest in London?
Sep 28, 2023
The hosts discuss the current state of the London property market, analyzing real house prices, affordability, and the likelihood of a strong rebound. They advise against immediate investment but suggest future opportunities. Also mentioned is the decision to freeze interest rates and the impact on rental property requirements.
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London Property Market Dynamics
- London has been the worst-performing region for house price growth.
- However, London rents are growing faster than anywhere else, improving yields.
Real House Prices: UK vs. London
- Real house prices in the UK are the same as in 2013, reflecting a silent property crash.
- London real prices recovered faster after 2008 but remain expensive relative to other regions.
London's Investment Appeal
- London's global status, tourism, and financial importance make it attractive to investors.
- The weak pound further incentivizes international investors, making it a safe, long-term bet.
