Is London's real estate boom over
The article explains that the luxury real estate market in London is experiencing a major crisis, with its real value decreasing by up to 49% since its peak in 2014. This decline is due to tax pressures and economic and political factors, such as Brexit and the COVID-19 pandemic. Nominal prices have fallen by nearly 27% since then, and losses are increasing when factoring in inflation, with projections suggesting they could exceed 50% in the coming months if current conditions persist. This significant downturn marks the end of a long period of steady investment gains, as the market has become more cautious. Expectations of further deterioration are forecasted until 2028, making luxury properties less attractive and previously reliable investments less secure.
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