London market could make a comeback

The Sunday Times’ Oliver Shah argues that the London property market may be on the verge of bouncing back after a long period of stagnation. He quotes Berkeley Group founder Tony Pidgley, who believes the market is set for recovery, arguing that London was now cheap compared with other global cities, and that super-low interest rates, plus intense competition from lenders, would keep mortgages flowing. Additionally, Alastair Stewart at Shore Capital has turned bullish, citing a sharp rise in estate agents expecting price growth over the next 12 months (from -4.8% in September to 29.1% in October); and an improvement in the London price index.

The Sunday Times (01/12/2019)