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GOOD NEWS ON HOUSE PRICES: "Luxury tower blocks 'squeeze out Londoners as prices boom', research shows"

Link to Evening Standard

"The huge flood of foreign money into the London property market is funding an unprecedented 'luxury tower boom', according to new research.

"There are 37 residential blocks of more than 10 storeys high under construction in the capital, compared with just 28 at the last peak in 2007.

"Many are strung out along a stretch of the south bank of the Thames, and critics say they are aimed more at attracting wealthy Asian investors than providing housing for working Londoners."

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