London property prices used to be seen as a bellwether for price movements in the rest of the country, with prices in the capital rising or falling first, and usually by a far larger margin. He said the big divide wasn’t London versus the rest of the country but the split.
Is London property really a recession-proof asset – and could the effects ripple out to other areas in the rest of Britain?
Is investing in property in London the nearest thing you can get to a safe bet? Property prices in the capital keep rising, despite wider problems in the housing market.
In fact the gap between property values in the capital and in the rest of the country is now wider than ever, according to new data from estate agents Savills.
London property prices used to be seen as a bellwether for price movements in the rest of the country, with prices in the capital rising or falling first, and usually by a far larger margin. But this no longer seems to be the case… – Source