You are reading a single comment by @owl and its replies.
Click here to read the full conversation.
-
This. It would take something absolutely catastrophic to see a 30% drop across the board on all London house prices... and as bad as things are, we're nowhere near that yet. Anecdotally, things are definitely slowing down slightly now, but I just can't see how that could happen... too many people, too much demand...
owl
How are prices going to drop 30% in London when there's so much demand? Maybe for houses over £2m.
A 15% drop would put a lot of people saving for deposits suddenly within reach and they will buy.
Just don't see it personally.