Friday, January 29, 2010 by Ed Mead
Just as we’ve got used to calling them the Noughties we’re into the Teens. The end of the Nineties saw prices and volumes in K&C moving higher very quickly, but the dot com bubble bursting caused ructions at the beginning of the new decade with a loss of volume and flattening of prices. Such worries were brushed aside and forward momentum quickly re-established. Prices in K&C have again been rising fast at the end of this decade at 10% up (Land Reg) over the last 6 months, but volumes, already half what they were in ’99 have been falling. Not really sure anyone expected this but the “perfect” central London storm looks set to continue for a few months irrespective of bankers and Tax. Will we get out of jail this time….what do I know, I’m just a stupid estate agent. We’re all bloody lucky to live in such a resilient City. On a lighter note, one of our finest spaces is Richmond Park, but every time I go there I’m shocked by the number of parakeets, and luckily they’ve just been designated as pests. Given that they’re not indigenous can I suggest that a charity parakeet shoot there would raise a fortune for charity.