A Feeding Frenzy for London Homes Triggers Talk of a Bubble

Low rates and short supply lead to bidding wars and price records

Katy Barnes bought her home a year ago to avoid rising rents. Holly Martin purchased hers in October 2012 as an investment. Now they both regularly check a real estate website where they watch the value of their properties rising. Kay Durrant used the increased value of the home she’s owned for 30 years to pay bills by refinancing. CPC Group sold a penthouse appraised at almost $300 million in its One Hyde Park complex.

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