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Thread: London property now 30% above 2007's peak

  1. #1
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    Default London property now 30% above 2007's peak

    The most striking number was for London, where house prices in the three months to June were 25.8 per cent higher than a year earlier - an annual increase not seen since 1987. "The price of a typical property in London reached the 400,000 pound (US$681,000) mark for the first time, with prices in the capital now around 30 percent above their 2007 highs and more than twice the level prevailing in the rest of the UK," said Nationwide's chief economist Robert Gardner.

    Bubble, what bubble?
    Ride at your own risk !!!

  2. #2
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    Sydney is up 15% yoy
    Ride at your own risk !!!

  3. #3
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    NZ .. moo



    Ride at your own risk !!!

  4. #4
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    teddybear is offline Global recession is coming....
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    London home prices still going up right?
    1 thing for sure, Singapore sure coming down.... Come down means bubble burst already loh...........

    Quote Originally Posted by phantom_opera View Post
    The most striking number was for London, where house prices in the three months to June were 25.8 per cent higher than a year earlier - an annual increase not seen since 1987. "The price of a typical property in London reached the 400,000 pound (US$681,000) mark for the first time, with prices in the capital now around 30 percent above their 2007 highs and more than twice the level prevailing in the rest of the UK," said Nationwide's chief economist Robert Gardner.

    Bubble, what bubble?

  5. #5
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    Burst then you can buy more ma. Just a matter of time.

  6. #6
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    U all know why london property rises so much? It is because londoners are property lovers and they like property asset appreciation. Unlike singaporeans cry mother, father and complain govt price too high.
    Its true go read about it.

  7. #7
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    Talking

    Quote Originally Posted by kane View Post
    Burst then you can buy more ma. Just a matter of time.
    ABSD quite siong leh... really cannot stomach paying extra ABSD.. my kids are still young otherwise will use their name like my friends.

  8. #8
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    UK need TDSR. and ABSD.

    UK folks can go blame the QE in europe and US and China.
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

    https://www.facebook.com/shutdowntrs

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