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Prime London Residential Prices Fall Sharply in October and November

Started by Topper
over 17 years ago
Posts: 1335
Member since: May 2008
Discussion about
As London has similar financial characterisitcs to New York, it's often worthwhile taking a look at what's happening to prices there. In addition, transaction prices appear to be reported more quickly there than in New York. The two markets have also often been fairly highly correlated. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aCC1TRXWDDxI
Response by simmerdown
over 17 years ago
Posts: 1
Member since: Nov 2008

Actually the flat I was considering in London was more expensive than the apartment here, but what ultimately killed it was that the tube ride was just too long to my job on Park Ave.

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Response by zizizi
over 17 years ago
Posts: 371
Member since: Apr 2007

The 2nd Avenue Subway will have a Marylebone station.

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Response by bugelrex
over 17 years ago
Posts: 499
Member since: Apr 2007

One thing about PRIME london properties are that many are only sold as 100 yr leases. You are essentially paying to rent for the rest of your life

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Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008

But the lessor is pretty much obligated to sell the freehold to the lessees if all the lessees agree.
Very easy to convert to freehold.

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