Though the finance in the mortgage market is relatively low, the London/Clerkenwell Property prices have returned to its 2007 highs. The
sales of London/Clerkenwell Prime properties rose by 105% in March and it
is an increase of 83% compared to February.

This proves that UK general economy and UK general Property Market act in
different way of London/Clerkenwell Property Market and London Economy. This shows the London has an industry of its own and its micro-economy is not affected by the weak overall UK Economy.

According to the Clerkenwell estate agents, it is understood that there is very high demand for properties in and around the City of London. In spite of high unemployment and financial instability in the country, properties costing excess of £2 million sales were completed in near past.