As a Londoner who can't afford to buy here despite being on a senior engineer salary, I like this. The concentration of super-money in W1 is what pushed prices

As a Londoner who can't afford to buy here despite being on a senior engineer salary, I like this. The concentration of super-money in W1 is what pushed prices up as the ripple moved out, at least more so than immigration. The fact the market is slowing at that end means there might be a ripple back, which coupled with a falling residency rate (July was the first month more people moved out of London than moved in for 10 years), means we might see a collapse and we can start to afford homes again.