Yeah we’ll have to wait and see but anyone investing in property now rather than to live in long term is getting in at a risky time. Lots of things hinting a drop or worse. It doesn’t take long to see what the London response is these days.

COYP

Better to look outside of London for investments if anybody is but there are still places that need ripping apart and London’s outskirts might be as rewarding. You always thought they’d never become available again but they do. Not everyone is obsessed with home improvements or maintenance and there’s of course extensions.

COYP

If the Khanate hasn't caused prices to drop then unlikely anything will.

Imagine what the prices would be like with proper policing and crimes being investigated and solved, a sensible transport policy etc etc.

Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.

Canada to Ban Foreigners From Buying Homes as Prices Soar - [Link]

"Canada will ban most foreigners from buying homes for two years and provide billions of dollars to spur construction activity in an attempt to cool off a surging real-estate market. "

Looks like some countries are willing to take much more forthright action to bring down property prices somewhat.

Edited by BlueJay (08 Apr 2022 1.26pm)

Less than 1% are bought by 'foreigners'.
Typical left wing leader getting clicks with no substance.
Alongside if Johnny foreigner wanted a property they probably know a Canadian anyway so loophole straight there.

I think margins are already tighter for landlords than most people realise, particularly in London.

Purchase prices are sky high meaning yields are typically < 5% and there has been a lot of increased regulation which has increased costs quite heavily on landlord sides.

Expecting private individuals to fix this isn't the answer I don't think.