For equity-derivatives broker Andrew Adamson, it was a trade too good to pass up.
In October, he was offered 1,000 pounds ($1,700) per square foot for his London townhouse. Other homes in the area were going for about 30 percent less. Adamson accepted it immediately.
London’s housing market, having outperformed the rest of the U.K. with price gains of more than 50 percent in five years, is cooling as owners like Adamson cash out.
via Londoners Cashing in Flee to Suburbs as Home Rally Wanes – Bloomberg.