"Talking of bubbles, are we central Londoners not sitting of the biggest one of all, residential property? Yields in central areas are nothing, few locals can afford to buy yet the money keeps flooding in from somewhere. Kensington feels like Dublin circa 2006."

David Fuller's view Thanks for an interesting question of considerable interest. I think London residential property prices are outrageous. However, and forgive the flag waving, London is one of the great capital cities and it keeps getting better.

Foreigners from all over the world know that they can count on Rule of Law in the UK and London is a multicultural, tolerant city. Consequently, Kensington and other fashionable boroughs are viewed as appealing havens, especially for people who appreciate the cultural diversity.

Currently, there are still many more wealthy people in the queue to join fashionable parts of London than properties to accommodate them. Dublin is a fine and charming city but we should not overlook the extraordinary boom in new residential properties that occurred in the last decade. So far, good zoning in London's most sought after boroughs has limited availability.