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London Paris and Wolverhampton
When the UK press starts getting into a froth about house prices its always useful to look across the pond for a perspective from our US cousins. Last week Bloomberg’s man in London reported that well healed Brits cashing in on prices inflated by an influx of foreign money were literally heading for the hills as country retreats became de rigeur. Their man in Paris cited new money from Syria and Russia as the reason for an upturn as French celebs took the opportunity to flee the capital in the face of increasing property taxes. Meanwhile, we had an interesting conversation with the London based relative of a local whose Wolverhampton property had been extensively marketed for over a year and attracted one offer. He felt that the price should be increased by 20% so as to cash in on the property boom!