Property investment firm LCP warns of bubble in recent-build market,with the risk of oversupply suppressing yields and pricesPrices for luxury flats in some parts of London are likely to fall as an oversupply of properties erodes the premium being paid for recent-builds, an investment firm said on Monday.
The latest warning of a bubble at the top of the property market has been sounded by LCP, or which advises investors on the residential market and runs property funds. It said recent-build properties had been selling at a premium of as much as 25%,but oversupply in some parts of the market was likely to start eroding this.
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Source: theguardian.com