The cheapest property in London is $165,000

[Roger Bacon]

So is there some kind of property bubble, or is that the true value?

Why someone would want to live in a place like London, or NYC is beyond me.

[Henda]

So is there some kind of property bubble, or is that the true value?

Why someone would want to live in a place like London, or NYC is beyond me.

Its london prices, there are 2 bed flats in half decent areas of london going for almost 1 million. You can buy a mansion or even a sizeable house in darras hall up here for that prices.

[galeniko]

i seen advertised in noting hill a 1 bedroom flat for about 10k usd month


its not real value at all, its how the market plays

the build quality is piss poor too.

[James28]

So is there some kind of property bubble, or is that the true value?

Why someone would want to live in a place like London, or NYC is beyond me.

Off course it's a bubble. My house IS NOT worth the 2.7k a month I'm renting it out for. And it's by FAR the cheapest to rent in WH. Feel free to jump on Rightmove and check 3 bed house prices in WH. And as I said in another post, I've had people offer my estate agent twice the price just to secure it. It's crazy. Another UK based forum I post on guys' says the same thing. You pretty much have to ring the agent and straightaway say 'I take it, I take it!!. I'll do anything to get it. Anything!' Viewing is almost becoming a thing of the past. You now buy your tenancy over the phone. Want a viewing? Tough, the gentleman I'm speaking to on the other phone is taking it right now and the 50 emails in front of me says the same thing. Oh wait, it's 60 emails now.

And this is the sought-after areas in London. I can't imagine what goes on when trying to rent in the cheaper areas.