Article 3V6PB London luxury housing market bubble bursts: 39% of sales last quarter were to deep discount wholesalers making bulk buys

London luxury housing market bubble bursts: 39% of sales last quarter were to deep discount wholesalers making bulk buys

by
Cory Doctorow
from on (#3V6PB)

050-056c026d-1c66-4d42-9fae-a8e96df290c5

London's property market continues its implosion, brought on by a combination of tightening capital controls (much of the market exists to help offshore criminals launder their money), Brexit, and a long-overdue correction to a wildly inflated market. (more")

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