Londoners may avoid property slump

These are nervous times for anyone who has invested in British property. After years of soaring hous...

These are nervous times for anyone who has invested in British property. After years of soaring house prices, many people now fear the market is approaching its first major slump since the early 1990s, when residential real estate lost about a third of its value. London has some of the most expensive property in the world, but will its sky-high prices be immune to the slowdown? There are indications that London real estate may just ride out the slump. London has evolved into an economy that is distinct from the rest of the UK, so much so that the trends becoming apparent in the rest of th...