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World’s super rich now view California as a property safe haven‎

Posted on 15 June 2012

The super-rich investors responsible for London’s prime property bubble are adding California to their wish lists, lured by bargains offering crisis-defying returns as an overdue churn in the United States property market finally gets under way.
Wealthy European and Asian investors who have dominated the market for addresses in London’s most fashionable neighbourhoods are frequently outbidding locals for assets in the Golden State, U.S. real estate brokers report - and banks, long shackled by the volume of distressed property on their books, are in the mood to cut deals………………………………………..Full Article: Source


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