Bubble trouble

29th September 2017

London property remains in bubble territory, according to UBS Wealth Management's Global Real Estate Bubble Index, which ranked the capital's housing market as one of the most vulnerable in Europe, polling third across the continent and sixth globally. UBS raised concerns that the prime market was facing an oversupply, with around 36,000 homes are being built in central London and 96,000 in the planning pipeline. The UBS report  also says London house prices are 45% up on five years ago, once adjusted for inflation.

The Times (28/09/2017)