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Italians Bought Most London Flats Sold by EA Shaw, Times Says

Italians bought most of the newly built flats sold by EA Shaw in London’s Bloomsbury, Covent Garden, Soho and Holborn districts in the second quarter, the Times reported, citing the property adviser.

About 83 percent of the properties sold by the firm in the period were bought by Italians transferring money from their home nation, the London-based newspaper said. EA Shaw sold no homes to Italians in the same period last year, it said.