SUBSCRIBERS
Currency squeeze seen punishing buyers of luxury homes in London
Published Tue, Aug 18, 2015 · 09:50 PM
London
INTERNATIONAL investors who paid millions of dollars in down payments on new luxury homes in London's biggest residential development are being squeezed between a more expensive pound and slumping real estate values.
Malaysians who bought units under construction in the Battersea Power Station site from May 2013 have seen costs surge as much as…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases
German home building permits tumble 18% in February, extending rout