It’s when places you’ve never heard of and often wouldn’t stop in, even for snacks, become the ‘new property hotspots’ that you should be worried about The Bubble. It’s a sign that either a) price rises have peaked in the usual-suspect hotspots and/or b) those looking to make a few bob are having to cast the net rather more widely. I remember in the last couple of booms, London commuters started buying in Yorkshire and deepest Norfolk, for full-time living, not weekend pads. So either a) make hay or b) sit tight. Delete as applicable.
“John Lewis foray into BTR could result in losses of £57m”
I did predict a while ago that Waitrose Homes rather than Waitrose Home Deliveries could be the future. John Lewis were probably the most benign big business to decide to go into the housing rental market, a move which could swing things away from the unpredictability of the mass of private landlords who dominate the sector.
