Grehan's £5m apartment sale a test for London's property bubble - FT

The £5.25 million price tag on developer Ray Grehan’s repossessed luxury London apartment will easily achieve its asking price as the city’s property market continues to roar, say reports.

11th September, 2013
London's property market is booming.

The £5.25 million price tag on developer Ray Grehan’s repossessed luxury London apartment will easily achieve its asking price as the city’s property market continues to roar, say reports.

The Financial Times reported this morning that the sale of the apartment in London’s One Hyde Park in Knightsbridge, the city’s most expensive residential development, would see London’s property “bubble” tested. But it quoted property agents as saying that the apartment’s price...

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