I don't know, maybe because...
'The Recent History of the London Property Market. ... Since 1975, UK house prices have risen by 101%, whilst London house prices have risen by 124%.
During the housing bubble of the 1980's, London prices were 5.8 times higher than the average earnings.'
https://www.google.com/search?source=hp&ei=pK_kXNLaDaaSvQSujJ6gDA&q=london+property+history&oq=&gs_l=mobile-gws-wiz-hp.1.0.41l3.0.0..1774...0.0..0.0.0.......0...........3.5kLZ923w-jM
85% house price falls in Sydney predicted OUCH., page-14
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