UK agent alert points at housing momentum reversal
London
THE accepted truths of the world's favourite property market are losing their certainty.
The latest update from real estate agent Foxtons suggests that London is not a one-way ticket to riches, nor is it underwritten by international money.
Foxtons is a phenomenon of modern finance. It imploded in 2010 under the weight of debt imposed during private-equity ownership. Restructured, the company went public 13 months ago, capitalising on booming demand…
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