Comment on London rents hit 'record high' of over £2,000 per month as shrinking supply hits tenants hard
query@lemmy.world 8 months ago
Who are the landlords selling to? Are the properties that disappear from the market used for homes, or something else?
More people selling should mean house prices going down.
bernieecclestoned@sh.itjust.works 8 months ago
o_oli@lemmy.world 8 months ago
House prices are going down. Just not by as much as many expect because ultimately there is still a housing shortage I guess. Also inflation is perhaps offsetting the actual drop in figures but technically is lowering prices too.
Aux@lemmy.world 8 months ago
Are they though? There are no good properties on the market, what is being sold is pretty much rubbish, which was always cheap. That skews the statistics.
And if you see something good, it’s very very expensive. I used to live in Kensal Green just a few years ago, there are just a few houses on the market and all the good ones are above £2m. They were below £1m just two years ago.
killeronthecorner@lemmy.world 8 months ago
There was a huge amount of purchase and sale during covid due to the tax holiday. This had disproportionate effects on house prices compared to the period before it and the behaviour of the market is still not very predictable as a result.
As for good and bad, that’s a matter of budget and perception, though I appreciate anyone being frustrated with having to give so much for so little in a lot of cases.