How far was the London residential property market overvalued in the early 2000s?

The following study has the objective of examining whether or not the London residential property market was actually overvalued or not in the early 2000s. To examine the issue effectively and as thoroughly as possible, all relevant theoretical frameworks as well as practical examples of the factors involved in the pricing levels are examined. As will be discussed there are various theoretical and practical influences upon the strength of the London residential property market.