Sunday, September 30, 2012
London property prices to crash next?
At the request of the Athens government, the British financial authorities recently handed over a detailed list of about 400 Greek individuals who have bought and sold London properties since 2009. The list, closely guarded, has not been publicly disclosed. But Greek officials are examining it to determine whether the people named â€” who they say include prominent businessmen, bankers, shipping tycoons and professional athletes â€” have deceived the tax authorities by understating their wealth.