With respect, Aimone, that's simply not true.
I accept that the extreme top-end (Mayfair etc) has grown on the strength of an influx of (principally Russian) cash, but you cannot say that London property prices have 'recovered dramatically'.
http://www.bloomberg.com/news/2012-01-28/house-prices-lower-than-2007-in-more-than-50-of-london-ft-says.html
