The pound is down against the dollar. Wealthy foreigners are taking advantage of this to buy into London's luxury homes.
In England housing prices are rising as the English and foreigners are able to buy with low interest rates.
Is this all another sign of the recession easing. It probably is.
Bloomberg: London’s Luxury Homes Sell at the Fastest Pace Since July 2007
About 250 homes and apartments costing more than 1 million pounds ($1.6 million) were sold during August...
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