The End of the London Housing Boom - Prices Falling

It’s hard to imagine that back in 1976, an average London House price was just £14,000, just 25% more expensive than the average UK house price. Since then of course, London house prices have soared to over half a million pounds making it by far the most expensive place in the UK

But, in recent years prices have fallen back. What happens next?


0:00 Intro
1:04 London Premium
1:55 London Economy
3:46 Why Prices Falling?
6:00 Falling Demand
8:05 House Price Forecasts


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https://www.youtube.com/c/economicshe...


ABOUT
-----------

► https://www.economicshelp.org was founded in 2006 by Tejvan Pettinger, who studied PPE at Oxford University and teaches economics. He has published several economics books, including:

► Economic Short Cuts https://amzn.to/3IgxupC
► 50 Essential Economic Ideas https://amzn.to/3IgxndG
► Cracking Economics. https://www.economicshelp.org/shop/cr...
► What Would Keynes Do? Amazon https://amzn.to/2xShqq4
► Economics Without the Boring Bits https://amzn.to/48T1hA9