Re:Preparations companies are making for Brexit
by sgt101 on Monday November 12, 2018 @09:33AM
(#18432785)
The issue is that these are properties that suit single young professionals /couples and speculators. This creates scarcity in the middle of the market and drives onward pressure for family dwelling units. In turn the pressure for family dwelling units drives cash-in-and-commute out to the home counties. All of which hollows out communities and the city - schools and infrastructure suffer much.
Prices are also down because of tax - sharp tax; which is a good thing in terms of dealing with speculation.
There are literally properties being built everywhere. Just take the overground to any direction and look around you. It doesn't make prices go down. There are too many people and too much money.