“London property market still sees massive undersupply, and there exists an attractive proposition if one is willing to take slight risk”, quotes Budgie Wright, Senior Advisor, Barbican Square Limited, as we discuss the state and the outlook ahead for the UK property market and housebuilders in today’s Tip TV Finance Show, joined by Zak Mir, Technical Analyst at Zak’s Traders Cafe.
Key Quotes
“Most divided press on property markets. Some say we are still seeing boom in outer London cities and gateway cities, but we are also seeing a huge rise in mortgage lending - 16% month on month. 13% increase in vendor traffic on inline sales. Lot of positive and negative news. It is incredibly confusing.”
“London still has massive undersupply. We still have political stability. Market has become markedly seller considering the fall in sterling. As a whole, there is still a attractive proposition if you are willing to take slight risk.”
“10% fall in central London prices isn’t that bad. Immigration is not going to stop in UK or London.”
“Corporates aren’t exiting London, but what has happened is a slowdown”