The effects of 11 September have crystallised a slowdown in house prices in London and the South East of England that began earlier in the year.
Estate agents across the country are reporting increases in valuations and properties coming up for sale as homeowners try to catch the top of the market.
Forbes says the market in prime London areas such as Kensington and Chelsea has ground to a halt. With no sign that the market in the South East will improve before Christmas, estate agents have already begun freezing posts and making staff redundant.
Financial Times Weekend Property 13/10/01 page 21
