Comment by johnisgood 3 days ago
Is it really coming down? Only in London, UK, Europe, or more or less globally? Where are you getting this from?
I am not sure everything else is reasonable if groceries alone have been going up by as much as 100% throughout the world, heh. Maybe on an SWE salary it is reasonable, sure.
I actually wrote a webapp to show this, check it out - https://housepricedashboard.co.uk/
London house prices are falling quite a lot in real terms.
This is pretty good! Nice.
Have you ever considered adding more countries?
Already a feature, you can switch between nominal or inflation adjusted in the Change View panel -https://housepricedashboard.co.uk/?tab=change&start=2014&end...
Ah shoot, it's not .com, it's .co.uk. So https://housepricedashboard.co.uk.
In multiple UK regions, but the most expensive ones and London the most.
Its coming down but from a very high level in London.
I do not know about other countries, but movements do tend to be wide spread (at least across similar economies). We are seeing higher interest rates in a lot of countries and they are the main determinant of the multiple of income properties sell at.
I was going to reply to grandparent that only flat prices are coming down because of rising service charge costs, and being hard to mortgage because of cladding issues.
But after some research it is indeed true that house prices are, to a lesser extent, also going down, at least in real terms, if not nominal.