London luxury price rally to slow down, Grosvenor

Grosvenor Group Ltd., the real estate company owned by the Duke of Westminster’s family trusts, said it’s looking to buy rental properties for middle-income tenants as London’s five-year luxury-home boom may be ending.

Grosvenor will target rental-home purchases because the value of luxury properties may climb at a slower rate, Chief Executive Officer Mark Preston said in a telephone interview today. The London-based company may partner with pension funds in the investments, he told Bloomberg Businessweek. Source: Bloomberg

About Butterfly Residential

Butterfly Residential founded in 2012 by Edward Fairless and Nicola Fairless,   is a web based family-based property company specialising in sales and rental in luxury residential properties. BR currently has properties for sale in Spain, London and Barbados. Because of our extensive list of contacts worldwide this provides us access to properties that are not commonly available on the open market or represented on our website for confidentiality reasons. Visit us today @  www.butterflyresidential.com

Butterfly Residential           


Butterfly Residential are market leaders in the luxury real estate sector with exclusive properties for sale and luxury properties for rent in some of the finest locations across the world.

Tag Cloud