The Property Podcast

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 - because growth is a % of a larger number)   What’s happening now? On average, 5% annual growth makes it one of the 5 slowest growing cities in the UK Many of those who are selling are moving out of the capital. “Almost half the agents in London surveyed by LonRes say that 10 per cent or more of their vendor clients intend to quit the capital once they sell their property” Rents are falling. “New ten