Talk of a London housing price crash is nonsense

COMMENT: We are being confronted by headlines claiming prices for homes across London are falling at an alarming pace. Savvas Savouri, partner and chief economist at Toscafund Asset Management, takes issue with such talk. [caption id="attachment_838850" align="alignright" width="150"] Savvas Savouri[/caption] The time to become worried about the value of our homes in general terms is when employment within London is falling, which it isn’t; at over 5.8 million the number in work is at a historic high. And it is only time for house price alarm when we begin to build at a