The Crash in the Mother of All Bubbles Has Started

The biggest bubble of our lifetime is imploding and that's fantastic news. the bubble I am talking about is London real estate market and property market and by the way London is not
the only city in the world in a bubble but according to a study published by UBS They found that other cities like Toronto, Munic, Vancouver are also in a major bubble
but London specially has been in bubble for long time and its not surprising i will explain if we see the house prices of London for last 10 to 15 years and its not surprising why property
price are extremely overvalued. The average house price in London in 2007 before the economic crash was 3000 pounds and what is it now nearly 5000 pounds and that is
absolutely ridiculous when you consider the average earnings of a person in UK and London and when you take into accounts the debts and borrowings people have and also lets not forget
why London house price are growing so massively in the last few years because of foreign investors lot of incredibly wealthy investors from Russia and middle east
have been pouring their money into the London housing market and as a result this caused the hosing market to go up quite massively but those investors where are they now well I am
going to tell you according to a recent report lots of foreign investors are moving their money away from london. Recently I read an article in city A.M. that so
many economist are predicting 40% fall in the London housing prices from the highs we had and they are also predicting that UK is heading for a collapse i house prices
not seen since the early 90's which risk plunging homeowners into negative equity. There is another article from the Garden newspaper which says there are lots of
ghost towers in the UK no they are not haunted but whats happening is that lots of foreign investors are moving their money away from London lots of these foreign
buyers are no longer interested in buying these very expensive and luxurious flats in London which are built with the motive of selling to these foreign buyers
and there two reasons for it one is the Uncertainity with Bricksite nobody knows what is exactly happening there and secondly because as of course house price have reached
its bubble territory and by the way let me mention again according to a study done by the university of Lancaster they predicted that the London housing market
will collapse and will implode by the year 2017 of course they are year too early but none the less the seem to be on the right track.According to the charts of
Savills which are linked with the house price and are very good predictor of house prices are showing false breakout signals and divergence bearish and negative divergence
and the stock prices of savills has fallen from 1000 to 750 and that's what exactly happened in the year 2007 and whatever it is its not just savills in trouble.
lets talk about other big real estate agents let me show you Foxton which is falling massively and Barrats is a major developer in London which is also dropping
to its previous lows of march. If you are professional if you are a long term investor in property and real estate you would want a falling house prices because its only when
you get those correction and drops in house prices you can find that great opportunities those phenomenal once in a life time opportunities to buy cheaper and buy lower prices for long term
and i don't think anybody could disagree with that all right let me know what you thik do you see a pattern or very high or overvalued prices where you live in the country and the city
where you live let me have your thuoghts in comment section and if you find this blog to useful give this blog an upvote and plese follow my steemit page for more updates