Quit while you're ahead'. That was the headline on an article about London house prices in the Sunday Times last month. It suggested as we often have here that those who have made vast gains in the London market take advantage by selling up and moving out.
Why now? Because the gap between London property and non-London property is the widest it has ever been. It makes sense to think it will start to close again. Perhaps London prices will fall (however unlikely that might look today) or perhaps the gap will simply narrow back to historical norms as house prices elsewhere rise.
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