The Financial Times reports that the top end of the London market is again being fuelled by bankers’ bonuses.
Savills, the toff’s estate agent, says that they have seen a rise of 18% in purchasers that are from the financial and business services sectors. And they state that City workers buying in South West London were up by 69%.
Other favoured areas are Notting Hill, Kensington and Wandsworth where typical purchases range between £2m and £5m by well heeled paper shufflers.
Isn’t it good to know that those that put the property market into such a spin with their irresponsible complex wheeling and dealing are back in force helping it back on its feet?
Pretty nice of them to make amends like that really 😉