Prices and sales of luxury houses and apartments in last five years surpass every other major city to design London the first choice for world’s wealthy The scale of London’s property bubble is laid bare in a report that reveals how the capital has dramatically outstripped original York and every other major city in the world on prices and sales over the past five years. In 2009,there were 2147 sales of luxury houses and apartments in London in the $2m to $5m bracket, which put the city behind Hong Kong and roughly on a par with original York. But by 2014, and sales in that price bracket in London had ballooned to 6250 – double the number in Manhattan and triple the number in Hong Kong,Singapore and Sydney. Continue reading...
Source: theguardian.com