Property News · October 29, 2015

London house prices most overvalued in the world, says UBS


Bank warns inflated prices are a bubble at risk of bursting with prices decoupled from incomes, and says new investors should expect no medium- or long-term gainHouse prices in London are the most over-valued of any major city in the world and are in “bubble-risk territory”, a report by economists at UBS has found. Foreign investment, the help-to-buy scheme, “alluring” yields for buy-to-let landlords, and ongoing population growth have all led property prices in the city to decouple from local incomes, and there could be a “substantial price correction” if the conditions for investment deteriorated, the report said. Continue reading…

Source : theguardian.com
Read more…London house prices most overvalued in the world, says UBS

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