as well as political changes. The mood of buyers and vendors alike in the prime London residential market is likely to remain subdued up until after the general election in May. Uncertainty surrounding a potential mansion tax, interest rates and the introduction of capital gains tax liability for non-resident owners are also contributing to the general market angst. Moreover, a tightening mortgage regulatory environment with the European Mortgage Credit Directive due for implementation by 2016 and the Basel III requirements by 2019 on top of recent new UK rules, may see lenders become more cautious.

The UK elections, the European union member countries major financial and relationship issues, fears over a Greek exit from the euro zone, the price of oil , the Russian politics and so many otheraid in the manufacturing of the tower crane, and if *34 unreasonably dangerous defects in the tower crane had subsequently caused injury, and if TVA were responsible for these defects, then perhaps the analogy which Heede seeks to draw between a manufacturer's "strict liability" for product defects and the shipowner's absolute liability for the unseaworthiness of its vessel would apply. However, unlike the agreement between the stevedoring company and shipowner in Ryan, TVA did not agree to perform services for the benefit of Heede for which Heede would have otherwise been held absolutely responsible. TVA had nothing to do with the manufacturing of the tower crane and therefore could not be held responsible for product or design defects found therein. This is in contrast to the situation in