Escalating values, foreigners with piles of cash are what's abuzz in the city
Thu, May 22, 2014 - 6:00 AM
Frenzy in London: Burgeoning demand amid low supply, near record-low borrowing costs, policies to stoke growth and a cultural obsession with property are among the factors feeding the property craze. - PHOTO: REUTERS
[LONDON] Rohit Sabhlok said he's upset he lost a bidding war on a London house. Katy Barnes bought her home to avoid rising rents, while Holly Martin purchased hers as an investment - and both are hooked on a website that shows their property values soaring. Kay Durrant used her home's growing...