February 4, 2008 (LPAC)--The market value of commercial real estate in the City of London have dropped by up to 20 percent in the view of some "valuation experts," the Daily Telegraph reported today. The City of London is the square-mile area of in the center of metropolitan London that serves as the operational center for the global financial oligarchy, and an area which has benefitted greatly from its role as the world's leading parasitic finance center.
Across the Atlantic in Loudoun County, Virginia, property values are also falling, as indicated by the property appraisals the county has begun sending to residents for the year. In Leesburg, the county seat, the appraised value of condominiums fell 30 percent from last year, and the appraised value of all residences fell just over 10 percent. Loudoun County, a far-northwestern suburb of Washington, DC, has been one of the nation's fastest-rising real-estate markets in recent years.