The London property market is still only slightly less bleak than the weather, but respite is in sight for both. The UK has experienced tough times indeed as citizens continue to grapple with the effects of the worst economic recession in 50 years, and the worst weather spate in 40 years. This unhappy combination of factors has not made for the best start to 2010.
Though the property market displayed between three and six percent growth last year, one out of six estate agents was forced out of business.
This week awkward small talk at dinner tables and in office lifts throughout central London will surround the weather, no surprises there.
Central London estate agents, investment bankers and other professionals will congregate around water coolers as usual, and converse about the weather as usual.
But for the first time in years it’s something genuinely worth discussing and not just a back up topic for the socially bland. The weather is in fact making headline news as the coldest winter for 30 years continues to cause a scene all over Britain and beyond.
