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@deleted
a related question would be, when was the last time the London population was at a historic low - lets define that by per 100 years,
came across the answer to this question in a book about London (forget which), and (as a child of the 80s) was surprised, as the answer is fairly recently, as shown by this graph,
looks like we're still on the upward trajectory begun from the revival of the London economy, which Nicholas Shaxson argues (in Treasure Islands p.89, quoting Tim Congdon's '86 Spectator article) was begun from 'The Bigger Bang' (c1957): the beginning of an unregulated 'offshore' financial market in London which allowed the uncontrolled movement of money across borders; then (only) continued from the more commonly heard-of 'Big Bang' deregulations by Thatcher's government in 1986;
there could be an argument that a proper London house price 'tank' could only be caused by a change to London's position in modern global financial markets:
[INDENT]London house prices depend on London population: depends on London economy: depends on London banking sector: depends on global financial markets: depends on global sentiment (!)[/INDENT]