Bloomberg News

Italians Bought Most London Flats Sold by EA Shaw, Times Says

July 28, 2012

Italians bought most of the newly built flats sold by EA Shaw in London’s Bloomsbury, Covent Garden, Soho and Holborn districts in the second quarter, the Times reported, citing the property adviser.

About 83 percent of the properties sold by the firm in the period were bought by Italians transferring money from their home nation, the London-based newspaper said. EA Shaw sold no homes to Italians in the same period last year, it said.

To contact the reporter on this story: Kevin Crowley in London at kcrowley1@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net;


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