LONDON-International agent FPD Savills has rejected claims that the London and South East residential market is about to plunge into recession, saying that there are far bigger issues to look at.

‘What we are seeing is a tail off in the incredible rise in capital values in the region, which obviously cannot go on forever,’ says FPD Savills’ chief analyst Yolande Barnes. ‘The important thing to look at is the number of people who are finding themselves locked out of the housing market.’

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