08.03.2013 - Property market: London's strength is not a foundation for UK-wide recovery
When it comes to the property market, the capital is like another country, with rising prices and speedy selling times. Pre-financial crisis here is how the UK property market worked: any uptick in prices would start first in London. Homeowners in the capital would see the price of their property rise; they would then cash in sell up and move into the country for better schools and quality of life. This steady flow of people out of the city would help the London price surge turn into a gentle tide of rising values across much of the UK...............................................Full Article: Source
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