Like it or not the housing market is all about speculative investment
Not really true either, I don't think. Even though large numbers of people have been investing in the market speculatively , most of the houses they bought are still lived in. Ok, so there's a very, very small number of "buy-to-leave" properties kept empty — but even if these were all sold, my guess is that there would still be more people wanting to live in London than there are houses available for them.
Since 2011 London population has increased by around 120k every year. If Brexit and cheap Pound mean people are moving elsewhere in Europe there could be a lot less demand. Apparently house prices in Fulham ave dropped 10%, partly because of expats moving back to Europe.
Not really true either, I don't think. Even though large numbers of people have been investing in the market speculatively , most of the houses they bought are still lived in. Ok, so there's a very, very small number of "buy-to-leave" properties kept empty — but even if these were all sold, my guess is that there would still be more people wanting to live in London than there are houses available for them.