Primelocation and house prices trend in London

You wouldn’t believe this. Apparently, the whole world real estate is going belly up, with the exception of -guess?- London! This accordingly to www.primelocation.com. If one had to believe their survey, in these troubled -t0 say the least- times, when US real estate is down 20% YoY -and this is for the lucky cities!-, London had a just temporarily dip of about 6% -May 08 to October 08), to then start a...

UK house prices drop 2.5% in March

Well, it appears that even UK house prices follow the law of gravity. This is not really big news, as anybody that has studied a little bit the history of markets knows that what goes up has eventually to go down. It happened many times before, and it is happening now. Every time, before happening, there were all sort of reasons why that time was different (remember the internet bubble? feel free to list the reasons...