Telegraph: Terraced house on market for £100m in London

The property, if it was sold for £100 million, would be the clearest sign that house price crash – the worst since at least the Second World War – might be over. The seller is a Lebanese private developer. It has more than 21,000 sq ft of living space and every conceivable luxury, but estate agents are baffled at the record asking price considering the collapse in the housing market. Charles McDowell, a property agent, said: "At the 'uber-prime' end of the market, with few exceptions, buyers expect a price adjustment. To ask £100 million for such a house and expect it to be paid is ridiculous." On the opposite side of Belgrave Square is a house for sale at £80 million; this one was bought by a Ukrainian philanthropist, when the London market was near its peak in February last year.