
During the boom years, you couldn’t move for estate agents, property developers, and TV presenters chanting the property mantra: Location, Location, Location. Now that the market has turned pear-shaped, their chiming clichés are conspicuous by their absence. Except for this timely piece…

The headlines scream SPENDING CUTS, the politicians espouse AUSTERITY, and consumer confidence has TANKED. But while the man/woman in the street is tightening their belts and cutting back on luxuries, London’s glitziest property moguls are rubbing their hands.