Prime London down 16% since peak; >25% real terms

[Frank Hovis]

The stories of falls have been drip fed so it's the first time I've seen this number quoted.  It's also in nominal terms so as this is since 2014 you can probably add RPI of 9% to get >25% so down a quarter.  Publish that Daily Express!

	Q4 2017	Annual growth 2017	Since 2014 peak	5 year growth to end   2017	5 year forecasts 2018-2022
Prime central London	-0.9%	-4.0%	-15.9%	-6.7%	20.3%
Prime South West London	-1.6%	-4.2%	-7.3%	9.9%	See below
Outer prime London average	-1.2%	-3.3%	-5.8%	9.5%	10.2%

 

http://www.savills.co.uk/_news/article/72418/225925-0/01/2018/outer-prime-london-family-homes-see-values-drop-as-prime-central-london-falls-slow

[One percent]

5 minutes ago, Frank Hovis said:

The stories of falls have been drip fed so it's the first time I've seen this number quoted.  It's also in nominal terms so as this is since 2014 you can probably add RPI of 9% to get >25% so down a quarter.  Publish that Daily Express!

	Q4 2017	Annual growth 2017	Since 2014 peak	5 year growth to end   2017	5 year forecasts 2018-2022
Prime central London	-0.9%	-4.0%	-15.9%	-6.7%	20.3%
Prime South West London	-1.6%	-4.2%	-7.3%	9.9%	See below
Outer prime London average	-1.2%	-3.3%	-5.8%	9.5%	10.2%

 

http://www.savills.co.uk/_news/article/72418/225925-0/01/2018/outer-prime-london-family-homes-see-values-drop-as-prime-central-london-falls-slow

Ah but the forecast is for a 20 percent rise 

[Frank Hovis]

3 minutes ago, One percent said:

Ah but the forecast is for a 20 percent rise 

 

Whenever I'm asked at work I just give people the forecast RPI and say to use that.  I did one time have a really good research to see if anyone was properly forecasting house prices based upon a matrix of underlying factors such as inflation, interest rates, wage growth, projected build numbers but nobody does.  Savills probably just use RPI forecasts like I do.

[swiss_democracy_for_all]

3 hours ago, One percent said:

Ah but the forecast is for a 20 percent rise 

Might still happen if GBP is about 80 Euro cents and 90 dollar cents. The elite are already diversified into assets and other currencies so they won't care what the plebs have to suck up with a plunging pound.