Id urge anyone looking to buy a property at the moment to be extremely careful. Everything is extremely over-valued in London at the moment and properties are going for above the already too high asking price due to desperation. The economy is still weak and very little has changed in the past 5 years apart from the housing market. Its not normal -for example an average 3 bed house in FH to go from being worth 450k to 650k in the space of just 12 months! Thats inflation of nearly 50%! There is no way anyone can justify that especially when you consider nothing else has change in that period!