Interesting post. I actually work with properties around the London area and in a matter of fact, the rents are dropping around London. Since 2016 the prices have dropped in London center. This has to do with the demand for properties after the financial crisis. However, even though the prices have dropped is nowhere near a price for 20 to 30 year olds with an average income.
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Correct @gloomtrop - and I read today that the next financial crisis will be much worse than the last one. The kids of these 1990 children are in for an even more rude awakening!