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Same here in Sweden. House / flat prices are just going up, summer houses even more so.
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BTL landlords taking advantage to stamp duty temporary cut.
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I agree with you (and I just bought a 4bed in Leyton - funny).
I think in the current situation unlimited liquidity makes asset prices not meaningful anymore.
Crisis will hit hard during winter I presume.
No matter what house prices are tricky: even during a crisis you better have a place to stay.
kboy
wildwest
mabrad
@ChasnotRobert
Just today I was idly looking on Rightmove.
I noticed two houses in leytonstone.
One had been done up extensively but in some respects strangely. 5 bedrooms due to loft conversion. £1.4m.
Another house, similar to what the above would have been like pre renovation, but a total wreck inside, 3 bedrooms. £800k.
One of today's headlines was "biggest fall in UK employment in a decade".
People are losing their jobs. Corporate earnings are taking a battering. Corporate debt is scary.
And yet asset prices are at all time highs?
If that makes sense, let me know how.