Thursday, December 21, 2006
Lombard Street Research forecasts UK house prices could rise by another 15 per cent next year. The fools. They aren't even close. House prices outside London will remain flat or fall slightly. Inside London they will rise to the point where any form of shelter more luxurious than a cardboard box in Old Street tube station will be affordable only by eerily glowing Russian oligarchs. Central London a year hence will thus be a)Russian speaking b)radioactive and c)oligarchical. More prophecies when my inner voice speaks. Or, of course, you may have your own.
Posted by Bryan Appleyard at 2:26 pm