Are London & Honolulu Real Estate Related?
February 5th, 2010 categories: KU Realty
I am going to comment on a place I have never been and know nothing about. The Wall Street Journal is reporting that the London real estate market is very strong.
“Looking at the real estate listings here is like stepping back in time to that unreal, giddy world of three years ago—before Lehman, before subprime, before AIG. Back to a period when everyone was either rich or on their way, either from flipping condos or running hedge funds, and the only direction was up.” CLICK HERE TO READ THE WALL STREET JOURNAL ARTICLE
What does this have to do with the Honolulu real estate market? London may suffer from the same lack of inventory that the Honolulu has been experiencing. If supply is low and demand is up, then one would expect upward pressure on prices and competition for good properties. I guess Honolulu and London have more in common than the Union Jack.
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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