“The Brits are coming” claimed Colin Welland during his 1981 Oscar acceptance speech for Chariots of Fire. “Les Euros, ils sont arrivés” is what I would say if there was an equally luminous property awards ceremony. For it is the Europeans, with their favourable exchange rate, who are currently flooding the London market, ensuring a positive outlook for the autumn.

The London market with which I deal inhabits its own particular sphere; £1m-plus properties are not so much affected by subprime mortgages as by currency exchange, confidence in the City of London and supply.