Here we go again. House prices are rising and everybody is getting into a lather. This time however it’s a wee bit different becasue it seems to be “worse” in London. In an efficient market it will push buyers outwards, which should stimulate the broader economy and in turn cool down the London market. I suppose the “help to buy” scheme is a complicating factor which makes the dismal art of economics somewhat more dismal.
Anyway, just think of all those pensioners whose houses will be able to fund their retirement because interest rates are too low to keep themselves feed.
I haven’t a clue where it will end but my advice is to keep buying the right type of house in the right type of area and watch the market like a hawk.