Property speculators have been saying it for years but at last City financiers can reveal that the London property market is officially just a bubble waiting to burst.
City Speculator Tom Green said, "I can't say I am totally surprised to see that the property market is just a bubble. I've been saying it for years. The steady rise of property prices has soared over the past ten years and is now ripe to pop."
When asked what caused this bubble and what it was made of he replied, "it is not quite clear what the bubble is made of. It has a sticky opaque consistency. Like a mixture of fairy washing up liquid and bubblegum."
Millions of first-time buyers who have invested all their equity in property will feel the pinch when it transpires the properties they have invested in is nothing more than Hubba Bubba which could turn to a gloopy mix at any time.