I would be overjoyed if house prices in London came down, and I say that as someone who bought a house a few years ago and should be interested in the value goi

I would be overjoyed if house prices in London came down, and I say that as someone who bought a house a few years ago and should be interested in the value going up. London house prices are beyond stupid and the situation where foreign investors are allowed to come in and buy out entire towers of flats (no kidding) and take them out of the local market is just criminal. However, I just don't see it happening based on the data provided. Yes, the luxury central London properties may come down in price but they are still so far outside the price range of almost anyone that it doesn't make a difference. And the article specifically mentiones that the target market for those are foreign investors, not normal people. Anecdotal evidence, but when my parents bought a house in SW London many years ago we asked the estate agent and apparently even during the crash in the 80s the price dropped by maximum 25% in that area (compared with 200% for example in other parts of the country).