http://www.bloomberg.com/news/2011-07-01/london-luxury-home-prices-rise-to-record-as-weak-pound-boosts-haven-appeal.html
“We are seeing the very wealthy from the world’s trouble spots coming to the U.K. -- they think it’s a no-brainer,” saidCharles McDowell, who this year advised three buyers of homes costing at least 20 million pounds in Chelsea, Mayfair and Kensington.
“A lot of Middle East buyers already own property in London, but we are seeing them upgrading to a larger property to give them the possibility of a more permanent residence,” said Mark Pollack, co-founder of Ashton Chase, a broker specialized in the Hampstead and St. John’s Wood neighborhoods.
“We are seeing the very wealthy from the world’s trouble spots coming to the U.K. -- they think it’s a no-brainer,” saidCharles McDowell, who this year advised three buyers of homes costing at least 20 million pounds in Chelsea, Mayfair and Kensington.
“A lot of Middle East buyers already own property in London, but we are seeing them upgrading to a larger property to give them the possibility of a more permanent residence,” said Mark Pollack, co-founder of Ashton Chase, a broker specialized in the Hampstead and St. John’s Wood neighborhoods.
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