We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

There is a real danger of a house price bubble in London. Discuss - Essay Example

Comments (0)
Summary
The house prices in London have been increasing at an astonishing rate over the past months, thus posing the threat of a house price bubble in London. Some pundits argue that the massive an influx of house prices is part of the recovery from the previous crash but the extent of…
Download full paper
GRAB THE BEST PAPER
There is a real danger of a house price bubble in London. Discuss
Read TextPreview

Extract of sample
There is a real danger of a house price bubble in London. Discuss

Download file to see previous pages... Such a scenario envisions that indeed the house price bubble in London which is about to burst. Ideally, just like any other cosmopolitan city in the world London’s property market has been on an upward trajectory for a considerable period given the fact the position of the town on the global map is favourable for both business and luxury living thus attracting the world’s rich to purchase the properties (Nationwide Building Society, n.d.).
The influx of foreign capital into the London house market led to the steady increase of the house prices to cater for the growing demand by outsiders thus making the process unaffordable for the local Londoners. According to the available statistics, Middle Easterners account for about forty percent of London’s luxury property buyers followed by Americans and Russians. The fact the foreigners are increasingly becoming attracted to investing in London’s property market has been the primary reason for the massive surge of house prices in London. Developers are coming up with luxury and new concept homes to cater for these clients who are ready to part with premium prices as opposed to the locals who cannot afford the house prices. Literally, a significant number of Londoners have been shelved off the price ladder since the prices is technically unsustainable for them since they do not match their earnings thus making the homes unaffordable to a majority of London natives (Fry, 2013).
On that light, the buyer demand for London properties has fallen drastically since the target market are essentially the wealthy foreigners who are willing to spend extra capital to acquire the premium homes in London thus scaring away the conventional buyers from making offers for the houses. However, the situation is not exclusive in London alone. Conventionally, it was deemed that the price surge was only limited to the prime areas of London such as Westminster. The ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
How do we face today's Chinese house price
Hence, Chinese housing prices are in a rising trend for the 4th consecutive month. Reasons for Sudden Demand for Private Houses Nearly 16 provinces in China raised their minimum wage levels by 19.7% in 2010. The salary earned by the youngsters in China is nearly equivalent to the salary earned by mainstream Americans in all professional fields.
5 Pages(1250 words)Essay
Price Waterhouse Coopers LLP: Scope of In-House Counsel Duties
There are, however, additional duties which in-house counsel typically fulfill and a brief look at the in-house counsel at Price Waterhouse is illustrative in this respect. This essay, in particular, will address how in-house counsel function as advisors to other departments and the training functions which they perform within their business organization.
2 Pages(500 words)Essay
Shanghai Commercial Real Estate Market Is there a Bubble under Prosperity
A full list of the references employed has been included. The Shanghai market has been the focus of much attention in China and abroad as its real estate markets takes off with impressive vigor. Since the 1997 Asian Financial Crisis, Shanghai has succeeded in capitalizing on the demand for prime Asian commercial real estate by opening up its markets to foreign investors and local purchasers alike.
41 Pages(10250 words)Essay
Why are the events surrounding the South Sea Company often described as a financial bubble Identify at least one other famous bubble and discuss what feat
Due to irresponsible speculations and other influences that entice careless investors to buy commodities or stocks to a unreasonable level this phenomenon inflated prices to an unrealistic level that would eventually
4 Pages(1000 words)Essay
Critically discuss the view that capital markets created the conditions that led to the new economy bubble and the banking crisis
In the studies undertaken by Chisholm (2003), she further added that capital market is a place where businesses that need financing transact with individual
8 Pages(2000 words)Essay
There is a real danger of a house price bubble in London. Discuss
After some time, the demand for houses decreases, or it stagnates and the supply increases that leads to a sharp drop in the market prices of houses (Balling, 2006). In London, there
3 Pages(750 words)Essay
There is a real danger of a house price bubble in London. Discuss
rved on the real estate markets, the so-called house price bubbles, to understand what a house price bubble is it is necessary to clarify its meaning and to find examples. Analysis of the economic news of 2014-2015 in London shows that features of such phenomenon are observed in
3 Pages(750 words)Essay
There is a real danger of a house price bubble in London. Discuss
Throughout the past so many decades London has maintained a history of attracting property investors from all over the world, thanks its ideal location along with guarantee of a peaceful and secure place to live in. However,
3 Pages(750 words)Essay
There is a real danger of a house price bubble in London. Discuss
The crisis stated in 2007 with house prices rising by a great percentage (Clark, 2014, p. 1). Many are also questioning the economic impact of the housing bubble in London and its ability to spread somewhere else. From history
4 Pages(1000 words)Essay
There is a real danger of a house price bubble in London. Discuss
Limited supply tends to increase real estate price and this is a major danger in many geographical regions. House price bubble is observed in many locations but London in recent years is facing challenge of a price increase in
3 Pages(750 words)Essay
Let us find you another Essay on topic There is a real danger of a house price bubble in London. Discuss for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us