RECESSION? WHAT RECESSION?

During the current economic recession it is commonplace to hear of workers being unable to sell their houses because of tumbling prices and difficulties in obtaining mortgages but one part of the housing market is unaffected by economic difficulties. "An estate agent to the rich and famous is celebrating after selling £3billion worth of property - on the same London street. Trevor Abrahmsohn has cornered the market on one of the world's wealthiest roads, The Bishops Avenue in Hampstead Garden Suburb, north London - known as 'Billionaires' Row'. Over the last 35 years he has handled 150 house sales on the street at an average value of £20million at today's prices." (Daily Mail, 12 October) To those members of the owning class who think nothing of spending £20million on a house their is no economic crisis. RD