A "Feeding Frenzy" in London Property
Last month, real-estate brokers Goldschmidt & Howland listed a four-bedroom, 2,300-square-foot house in the leafy North London neighborhood of Hampstead for $3 million. Within two weeks they had nine bids--and a deal for about $4 million. Not bad for a rather ordinary house that needed updating. "This is a prime example of a feeding frenzy," says John Hughes, a managing director at the firm.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Getting a Dog May Save Your Life, Especially If You’re Single
- The Questionable Math Behind Manafort’s Extravagant Home Renovations
- World’s Biggest Wealth Fund Wants Out of Oil and Gas