or boom, depending on which side of the fence you sit. 
"London house prices fall 5.3% in a month"
http://www.guardian.co.uk/money/2008....housingmarket
Londoners selling their homes have cut thousands of pounds off their asking prices as the downturn finally arrived in the capital.
Asking prices in London fell 5.3% in August, according to the Rightmove house price survey - equivalent to a £21,000 drop in a single month. Prices in some of the most sought-after suburbs are falling much lower. The average asking price in Wandsworth fell from £522,000 to £481,000 in a single month - or 7.9%. Homes in Brent, Kingston-upon-Thames, Richmond-upon-Thames and Greenwich were down more than 6.5%.
"London house prices fall 5.3% in a month"
http://www.guardian.co.uk/money/2008....housingmarket
Londoners selling their homes have cut thousands of pounds off their asking prices as the downturn finally arrived in the capital.
Asking prices in London fell 5.3% in August, according to the Rightmove house price survey - equivalent to a £21,000 drop in a single month. Prices in some of the most sought-after suburbs are falling much lower. The average asking price in Wandsworth fell from £522,000 to £481,000 in a single month - or 7.9%. Homes in Brent, Kingston-upon-Thames, Richmond-upon-Thames and Greenwich were down more than 6.5%.
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