London houses are second most over-valued in world – UBS
‘Bubble index’ rates Vancouver as city with most unsustainable house prices and puts several other cities in middle of bubbles
House prices
London’s elite ‘pushed out of exclusive postcodes by super rich’
Displacement of old money is in turn pricing neighbourhoods in south and east London beyond the reach of average Londoners – LSE report
Berkeley reports 20% fall in reservations for new homes
Housebuilder has also not launched any new schemes blaming EU referendum and changes in government policy
House prices fall in London’s luxury postcodes
Oil price, stamp duty and Brexit fears cause drop in areas such as Notting Hill and Hampstead but market rises elsewhere
£1.5m Battersea power station apartments held back from market
Downturn at top end prompts developers to withhold from sale 150 flats designed by Frank Gehry and Norman Foster
London luxury homebuilder warns of ‘challenging’ market conditions
Capco, which is redeveloping the site of Earls Court exhibition centre, sees shares fall amid concerns over a supply glut