Just that really. We would like to buy a flat in central London, but it's hard to know if it is a good time to buy. London prices seem mental and a number of predictions are for them to fall or at least stagnate over the next year or two.
On the other hand, the British are obsessed with property so I can't help feeling that a lot of people who can cash in their pensions in April will do so to either buy a second home for themselves, either to use or rent out, or to help their children buy a home. Either way, it seems likely to put further upward pressure on prices.
I can't help thinking cynically that the Tories have planned it deliberately so that we will be in the midst of a further boom as the election approaches....!
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AIBU?
To think that the changes to pensions happening in April will mean that property prices become even less affordable, particularly in London?
8 replies
Gregorianchant · 31/01/2015 06:16
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