LONDON-Investment buyers now account for a third of the residential property purchased in central London, according to a report from DTZ. Average house prices in prime central London locations look set to jump another 10% over recent gains during the next 12 months.
LONDON-The most expensive new home in Britain has just been sold for $97.5 million. It comes with 30 bedrooms (one of them with a swimming pool), 24 bathrooms, a shooting gallery and two bowling alleys.
LONDON-Mayor Ken Livingstone believes new office towers are needed to maintain the city's reputation as a business and commerce centre. English Heritage, the government's conservation advocate, says such buildings aren't always economically justified.