The train crash waiting to happen in new-build property

Thousands of £1m-plus flats are being built in London. They've got new-build property bubble written all over them, says Dominic Frisby.

I read a stat in the FT yesterday that absolutely blew my mind.

There are now 54,000 homes planned or under construction "in the priciest areas of the capital". Most will cost "close to or above the £1m mark" and most are two-bed flats.

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby