Leaving London:
A comment in the January 2004 New Homes Demand Index claims… “Large numbers of new homebuyers in London and the south-east continue to move to other regions, specifically the south-west and north.” I did my own ad hoc but in-depth survey of reports on price forecasts yesterday. The most informed studies looked at a whole range of market-driving factors (rather than the very simplistic prices-to-earnings ratio). Disregarding the funny-money country mansions & the hyper-posh Kensington mews, the consensus seems to be that the current price rises on ordinary houses will only really slow down in the Summer of 2005, to come to rest at about 1 to 2% per year by Autumn/Winter 2005.