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RE: London's Property Crash Has Begun

in #realestate7 years ago

One thing to realise about London is it is no longer the industry capital of England, because of the high cost of rates and rents, the congestion charge and the sheer weight of traffic to actually deliver goods inside the capital industries and factories are moving outside to places like Cambridge and Essex where they are cheaper and accessible easier by rail and road.
This does not help with house prices as fewer people need to live there.
Add in the uncertainty about brexit and what is going to happen regarding trade and industry then London will be for tourists and nights in the theatre not for living and working