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Bulk buyers of apartments in London getting 20% discounts

Published Thu, Apr 7, 2016 · 09:50 PM
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London

DEVELOPERS in central London are offering institutional investors discounts of as much as 20 per cent on bulk purchases of luxury apartments as demand from international buyers slumps amid higher taxes and low commodity prices.

Concessions of about that magnitude are being offered to investors willing to take 100 homes or more, according to Killian Hurley, chief executive of London developer Mount Anvil Group Ltd.

Broker CBRE Group Inc is negotiating discounts of as much as 15 per cent for bulk purchases on the fringes of the capital's best…

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