How Americans Are Bailing Out London’s High-End Property Market

The tippy-top of the London real estate market has been in a funk lately, but a surge in American buyers is helping shore up sales, Bloomberg finance reporter Damian Shepherd explains. Plus: The Netherlands makes its housing crisis worse.

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Reluctant as we are to admit it, we Brits rely on the US: Batman and Avengers movies, pop superstars (see: Taylor Swift in London last week) and caramel Frappuccinos from Starbucks. These days, though, we’re increasingly counting on Americans to rescue our capital’s battered luxury-housing market.