Evening Standard:
"Peter Bill: Is the next property crash around the corner?"
"Building on around £60 billion of planned developments in London is yet to get started" Link to Evening Standard |
"Only £40 billion of the developments [in London] have begun, leaving the $64,000 question of when the other £60 billion might get started.
"This is a good question to ask at the opening of 2015. Right now, wise folk are worried this might be the last, or possibly second last, good year for many a year to come.
This prognosis is based on a feeling that 2014 went far too well."
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