The Financial Times, around the same time, had a lengthy article examining London’s frothy property market: “The only thing Londoners can discuss is the rapidly inflating price of the houses they have bought or cannot afford to buy. To add to the air of insanity, there is talk of lights-out London. Rich foreigners are snapping up prime property for tens of millions of pounds… and then leaving them empty while they sail around in gigantic yachts… the housing bubble looks set to burst.”
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