The insanity of London property prices
20th May 2007 by Simon
I was lucky enough to stay with a good friend in Hampstead a couple of weeks ago - one of the few places left in London where you can walk down a street, and people still smile at you, despite them being strangers to you.
I glanced at an estate agent’s window as I passed on my way to the station (you can’t avoid passing them, there’s so many of them!). Of the three properties that I looked at, the most insane one was a one bedroom flat for £695,000. For a ONE bedroom FLAT for god’s sake. My companion explained that it was because it has a garden. From the picture it looked more like a paved postage stamp.
Given the number of people in London who earn really stupid amounts of money and those doing similarly around the world - through fair means or foul (more of the latter I suspect) - having for years thought that the whole property market in London _had_ to slow down or reverse I now think that there’s little reasons why these prices shouldn’t be maintained.
- Possibly related posts -
- Modern day insanity #1
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- The insane cost of UK trains tickets
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lol, Excellent read!
It is true, most parts of London, if you walking along dont bother hoping for a smile or a hello just hope that you don’t have anyone glaring at you, questioning what you are smiling at!
I would say Hampstead is a nice area with nicer people. Some properties in London are ridiculous too, in terms of prices. But i wish i could live in Chelsea or Knightsbridge! If only i can find £15,000,000!
lol, Excellent read!
It is true, most parts of London, if your walking along the road dont bother hoping for a smile or a hello just hope that you don’t have anyone glaring at you, questioning what you are smiling at!
I would say Hampstead is a nice area with nicer people. Some properties in London are ridiculous too, in terms of prices. But i wish i could live in Chelsea or Knightsbridge! If only i can find £15,000,000!