To ponder house price growth

[Getout21]

So Im probably BU as this is very London centric but just wanted to gauge other people's opinion.

I know someone who payed 750k for a 3 bed terrace in NE London in 2012 did it up beautifully (100k extension etc) & sold it last yr for just under 1.3m. Somewhere closer to me in SW London had fixer uppers going for 750k in 2012 & after extensions, loft conversions have sold last year for 1.6m.

AIBU to think these days are over?

Fwiw we bought in 2007 and sold last year and lost £17k. So you can't even guarantee over a decade you'd make any money these days.

And not just these days. We sold in the 90s recession in London and sold for less than we paid too. The problem is some people who bought in London at a particular time think property only ever goes up but that is not true. What is true is that if you buy a home and live in it and own it for a long time that is probably a sensible thing to do and probably it will keep its value over the decades unless a railway line is to be built over it or something disastrous like that.