It's ultimately unclear to the that the London property market is linked to reality in a meaningful way so I think it's really hard to make predictions. The av

It's ultimately unclear to the that the London property market is linked to reality in a meaningful way so I think it's really hard to make predictions. The availability of credit is a big factor, and the 'step changes' in quality, etcetera. In the residential market I think it's quite easy to find Apartment B that is easily twice as good as Apartment A, but it doesn't cost twice as much because of the arbitrary steps introduced by lending criteria (e.g. if most buyers have approximately X income then there's a massive glut of apartments in the 4X-5X range). Renting is even more acute than that. But yes, I'm pretty tired of all of this 'end of the world' style posturing. In some ways I suppose it means we're all so comfortable now that we're able to spend time waffling on about abstractions like this.