London City Property News: American Embassy Sale, London W1 : Callum Roberts Property Consultants
American Embassy Sale, London W1
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Liam Bailey at Knight Frank casts his eye over the UK property markets to see if any areas are safe from the downturn.
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Prices will fall 50% due to being highly inflated. Banks are returning to 3.5 times salary lending simply because that is the only sustainable way to fund the deals. Banks have huge and increasing debts so they will not be able to over lend like in the recent past for at least another decade. Hence the 50% falls in price.
The collapsing buy to let market is fundamentally the weakest area seeing huge amounts of repossessions, dramatically rebalancing this shortage of supply myth.