22.04.2013 - London luxury property market price growth unsustainable: Grosvenor Group
The luxury property boom in London is unsustainable, according to Grosvenor Group, the 5.8 billion investment group. It told Reuters that the rate of luxury home price growth in London looks shaky after years of foreign investment in the safe-haven market. Luxury home prices there have increased 53% since 2009 compared to 25% in the rest of Greater London, according to Knight Frank...............................................Full Article: Source
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