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1
Patrick
2014 Mar 6, 11:48am
Patrick
2014 Mar 6, 11:48am
I think the guy merely proved that consistent 9% appreciation is impossible.
2
hanera
2014 Mar 6, 1:51pm
hanera
2014 Mar 6, 1:51pm
The average price in prime central London is now £1.5m, and has been growing at 9% a year
Wow! 2% higher than Fortress' growth rate. By 2030, a $1.5 mil SFH in the Fortress would be worth $4.4 mil. $2 mil difference, that show 2% is a big difference.
"Hugh Best, LCP's investment director, said: "The average price in prime central London is now £1.5m, and has been growing at 9% a year, which we think is firmly sustainable. They have been growing at that level for 40 years and we see no reason for that to change."
At a 9% growth rate, the average £1.5m flat will fetch £6.3m by 2030 and £36m by 2050." ($50 millions)
http://www.theguardian.com/business/2014/mar/04/average-small-central-london-flat-36m-2050