Report What's London's Future? in House prices and the economy Posted April 30, 2007 London is by no means immune. It's potential resilience in the face of any price falls will be almost entirely down to its position as Europe's premier financial centre. If there is a bust on the world markets - I can see City people being laid off big times. Investment banks don't fukk about when it comes to cutting dead weight - you come in to find your personal effects in a box with security waiting to escort you outta the building . . . I've seen it happen many a time. London was hit hard last time and nowhere - Hornsey Rise to Holland Park, Plumstead to Primrose Hill - was spared. The City people led the boom then too . .