Mayfair mansion glut has London developers hunting billionaires

15 April 2015


As housing crises in London go, it could be worse. Mayfair, the neighbourhood favoured by Middle East royalty hedge fund managers, is facing a glut of multi-million-pound residences. More than 440 new homes have already been approved in the enclave and now mobile-phone billionaire John Caudwell plans to turn a parking garage into six houses, three penthouses and 21 luxury apartments. 

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