The Great Debate UK
Has London's residential property market bottomed out?
This question has a particular resonance for my husband and me. We are in the middle of selling our London flat. So, unless we buy again immediately, we will be short London property.
Over the longer term, British, and especially London, residential property has been a spectacular investment. We can thank strict planning laws, tax advantages to home ownership and the wealth of the City.
However, in the short term, renting appeals. First, we can try out a neighbourhood that makes my daily schlep to Reuters' office in Canary Wharf more bearable.
Moreover, this is--for now at least--a renters' market. If we bought a house, it would be to live there, but it is always instructive to work out the rental yield to see whether it offers good value.