Is london a good place for investing residential property?

Question

hii =] ...

a few monthes back i purchased an apartment in knightsbridge central London, thinking that i was going to make a profit out of it and that the prices would keep on increasing..

shockingly a few days back i heard that the prices are decreasing in london...

til when do u predict it'll keep decreasing... and will it increase again?

share ur thoughts =D

Answer 1

Property prices in UK sky rocketed over the last 15 years  and are now falling, thank God. They  have quite a lot more to fall. You seem to have bought at the top, or near enough. Either take your loss and get out while the going tolerable, or wait 5-6 years for the prices to catch up again.