Is the British property market in a bubble or not? Your answer will depend on where you live and what you think about interest rates. If you live in London, the answer is a clear yes. On any reasonable metric, there is a property bubble.
No one on even a pretty high London salary can afford to buy a place anywhere near the centre; yields are pathetic – more 2% than 6%; prices have been rising for 39 consecutive months; and any agent on even a nodding acquaintance with honesty will tell you that speculation is rife.
They’ll also tell [...]
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