Foreign buyer
Cash buyers
and Buy-to-letters
3 very good reason why this market is where it is. What will see them disappear ??
Foreign buyers …. THM said GBP may/should devalue… but it’s gotta devalue by a hell of a lot for our russian friends to be frightened out (the Ruble is on its knees) and how about the Chinese well I guess if their currency was to be valued correctly we’d be in trouble… but then so would they… so that isn’t going to happen.
Cash Buyers …. where else you going to put your money … if houses are over valued… so is every thing else.
Buy-to-let …. Sorry it may be wrong… but policy wise, none of the major parties will change a thing.
So were are we left…. I reckon consolidation at these levels for the next year until GE is over and then the BoE doesn’t raise rate, because inflation is still flat…. after that, back up we go.