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)
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")