Property Investor Today:
London house prices are `vulnerable to an exceptionally painful correction'
6 July 2017
Simon French of Panmure Gordon told the newspaper: “These prices are only sustainable in a world of permanently low interest rates and low unemployment. Any sharp correction in either the credit or the labour market has the capital’s housing market vulnerable to an exceptionally painful correction.” Gordon’s views are shared by various economists, including Paul Cheshire, a professor of economic geography at the London School of Economics, who earlier this week warned that home prices in London “are due a significant correction”.