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.
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