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London housing crisis: The market is distorted but does Boris care?

Posted on 19 September 2012

As foreign investors push house prices beyond the reach of ordinary Londoners, the Conservative mayor looks the other way. From the EC Harris global built asset consultancy: The volume of prime residential property being planned for London continues to surge, with over 15,000 units worth in excess of £38 billion currently earmarked for development over the next ten years.
Further confirmation that the very rich of the world just can’t buy enough of London’s most expensive land and property………………………………………..Full Article: Source


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