Hi guys !
As I've been slightly studying the property market, I'm trying to imagine what it's going to be like in London after 15 years or so? I can hardly imagine the average house prices doubling. As from the investors point of view, the demand will always be there in order for it to build passive income. However, I can't see houses which are currently worth £300,000 being worth £500,000 or more. So for instance the rent is £1,700 that means after 15 years the rent should rise to at least £2,500 or so right? But I don't see any regular family paying such kind of money for the house. Either London is going to be full of HMO's or the minimum wage is going to rise to sky.
Could anyone put out a scenario how could we possibly see house prices doubling in London within the coming 15 years?
Thank you so much !!!