London's property market is a safe haven - Telegraph

London's property market is a safe haven - Telegraph

Houses in Fulham selling in days? Prices rising? Families chasing each other to buy? Internationals snapping up houses in Chelsea without even seeing them? What on earth is happening in the London market? The summer months, usually so quiet, were busier than anyone could have imagined.

Against the backdrop of global uncertainty and recession, says Yolande Barnes, head of research at Savills, fast sales seem almost inexplicable. But she has teased apart the dynamics and seen that it is equity, not borrowing, that is forcing the pace. The “champagne tower effect”, as she calls it, is seeping through to areas like .....