there will always be some areas which are less affected
central london is one of those. eg my flat is still worth about £150k more than i paid for it about 5 years ago - this is partly because we got a good deal at the time, but mostly because of the location and type of block, meaning that there are a lot of foreign investors/purchasers/governments wanting to buy them. whereas my grandma's house, up in halifax, dropped from about £110k to £80k over the same period.
( rachelswipe with a fork, Tue 17 May 2011, 13:22, Reply)