Concerns of a real estate bubble in London are overblown, according to experts, who argue that recent price rises are “entirely understandable” given the city’s supply and demand dynamics.
It comes amid growing anxiety about the rising cost of real estate in London – which is rapidly outpacing the property market elsewhere in the country – as foreign buyers drive demand.
But Tim Murphy, CEO and founder of property investor IP Global – which has invested around £400m ($655 million) in the London property market over the last three years – dismissed the concerns.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015