Do you think London is in a housing bubble?

[cunningplan101]

The subject is it really ... do you think this is a bubble and prices are going to crash? Or do you think they'll carry on going up? Or flatten out?

oh I didn't check it - we moved back to the area and I signed up to the property websites to try and buy something. and there it was! I've made lots of similar property errors (I try to forget the flat I was offered opposite Selfridges for £250k in 1997 - I couldn't afford it).

Unfortunately we couldn't afford that area any more and had to cast the net rather wider!

I'm lucky though I have bought somewhere else, even though it's a downmarket area - I couldn't even afford this house if I was buying now. It's madness. People I know living in £2m houses that they bought 15 years ago for £500k.

Oh Beattie, £250k in 1997 was a fortune. I bought a lovely big two bed flat on borders of zone 2 for £100k that year. And my house in zone 3 now is worth the same as that flat would be, so I didn't do that well out of the whole blinking thing either.

Actually,it's worth less than those flats

I also cannot see why SE London should be more vulnerable. Parts are in for multi billion pound development especially near the river. The zone 1 and 2 properties are still more affordable and transport links have improved greatly in recent years. Lots of green spaces too! Choose wisely and it will be a more secure investment than most other areas in London.