London prime real estate has severely bucked the global trend by continuous price rises throughout 2009 caused by international buyers and a lack of inventory. Investors seeking to benefit from this in my opinion need to tread very carefully.
It seems that London housing is now bottoming out while London's occupational market is still very much struggling will serve only to bash consumer confidence.
I also feel also that with many sellers sitting on thier hands in 2009 London will see more properties for sale in London reducing the reason for the increase. International propertyinvestors may also feel that after sustained property price rises in 2009 London may no longer be palace to pick up a bargain.
As in all cases but in particular with Londons housing market past performance makes no guarantees for 2010