LONDON – In the midst of a property boom in 2013, a Russian investor made a down payment on a £1 million ($1.3 million), one-bedroom condominium being built near the River Thames.
The Moscow-based investor recently sold the condo in One Tower Bridge for about 5 percent less than he originally paid, according to a person familiar with the sale, a signal that demand for luxury London property has slipped from its peak in 2014.
