BDI speaks to the FT as US credit turmoil hits London property
25 August 2007
Fears are growing that the fallout from the US subprime mortgage meltdown will hit house prices in central London, one of the world's hottest high-end property markets.
Prices for "prime" homes in the most expensive streets of the capital have risen about 50 percent in the past two years as a financial services boom has enriched bankers and other professionals in the City of London.
John Young of Humberts, a London estate agent, said the recent "uneasiness" in the City had prompted several deals to fall through. Tracy Kellett, founder of BDI Homefinders in London, a residential property buying agent, said some sellers were dropping prices.
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BDI Homefinders are a professional homefinder service that helps people to find and to buy or lease a property in the UK. Based in Central London and in Henley on Thames, BDI Home Finders UK can be reached by calling 0845 603 6110 or by e-mail.
