What goes up can come down – The Property Chronicle
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What goes up can come down 1988 to 1998

The Agent

A new generation now realised that what goes up can come down. 1988’s falls took until 1998 in London property to fully recover.

Lessons learned in London over that period included the fact that even well off people didn’t want to live in rabbit hutches. Very occasionally these days you can still see glimpses, in unmolested properties from late 80s developments, of what unimaginative developers expected people to put up with. Just because a flat had a second bathroom it didn’t excuse an 8ft square bedroom, and one that was usually without cupboards.

The sluggish central London market started to come out of its torpor in the mid 90s and there was excitement in the air with new technology, to invest in and use. Mobile phones became the focus of many an agent – and as soon as you used one you wondered how the hell we functioned without them. They were very expensive, shiny, new and big, making them difficult to hide. Many a smart BMW was seen with smashed windows and an empty phone cradle. Frankly it was yet another must have for agents who competed for the smartest and the race appeared to have been won with a phone SO small you could barely see it being used. Smartphones were still ten years away.

The Agent

About Ed Mead

Ed Mead

Ed Mead has worked in the central London estate agency market for almost forty years and has acquired a reputation for saying it as it is. He's contributed over many years as The Sunday Times Property Expert and as the Agent Provocateur in The Telegraph amongst many others as well as fronting two BBC TV series. He left agency in September 2016 to start Viewber, the world's first outsourced property viewing service harnessing the power of the sharing economy to make viewings available 24/7 for agents and landlords via their own dashboard. He is still a regular press contributor with a regular live Q&A slot on LBC.

Articles by Ed Mead

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