Loading ...Harbinger of a crisis: the US market for luxury property crashes The US housing market has slumped dramatically in the luxury areas: In the Hamptons, in Miami or in Aspen many top properties found no buyers. This phenomenon is considered a harbinger of a profound economic crisis.
Berkeley Group halts half-built 20 million-pound London housing scheme
| LONDON
UK housebuilder Berkeley Group Holdings Plc has halted construction at a 20 million-pound luxury housing project in London, it said on Friday.
Berkeley Group declined to say why it stopped construction last month at the Barnes Village scheme in southwest London, where homes were expected to sell for up to 5 million pounds, local residents said.
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