By Vicki Barker
Originally published on Sat January 5, 2013 9:59 am
Looking for a London pied-a-terre? How about a four-bedroom duplex overlooking Hyde Park? It could be yours, if you're prepared to spend $25 million.
In most of the United Kingdom, property prices are slumping. But in some of London's most upscale neighborhoods, they're going crazy.
Robin Perona sweeps the sidewalk at Egerton Crescent, a gracious semicircle of white townhouses in fashionable Chelsea.
In the 1990s, they cost about $700,000 each. Today the average price is some $13 million — or 8 million British pounds.
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