Britain is going through the same economic crisis as America. Our real estate market bubbled then broke, with banks foreclosing on bad loans, only to go broke themselves. Properties are not moving here at all.
Our house plummeted $100,000.00 in value this past year.
I can see that real estate in Britain has sky rocketed over the last five years.
And in London, depending on who you believe, prices are still rising. Although according to Bogna, who's an estate agent, the market in our part of town has been flattening out for a couple of years now.