Gester wrote:
Recessions come and go but some central London areas aren't affected. Property prices in Mayfair, Belgravia, Park Lane etc. hardly moved during the slump. And Soho's hospitality businesses also seem virtually immune to market downturns. Uniqueness may be the answer.
London seems to be immune from any money crisis.
Even a pokey bedsit in London is not cheap anymore. Wages in London are also a lot higher than most of England if the UK.
I hate London with passion but it's a massive tourist destination for gigs. Even the C2C annual show at the o2 Arena gets the yanks flying over.
Even if fuel does go up again a lot of Londoners don't have their own transport because it's so easy to get to A to B by public transportation like it in NYC. If you're not mugged, sliced or beaten up.
