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We're talking about a substantial piece of land here then? Well... 45 feet seems to be substantial in London. Got to be for development then? Nope, no planning permission! Full story: http://www.telegraph.co.uk/news/newstopics/howaboutthat/11754827/London-garden-sells-for-1.2-million.html Who drives these prices? The grossly overpaid London-centric metropolitan elites do - because they know the price of everything and the value of nothing!