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UK agent alert points at housing momentum reversal

Published Fri, Oct 24, 2014 · 09:50 PM
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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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