Foreign buyers are pushing the prices of prime London real estate through the roof. Neighborhoods such as West London, Kensington and Chelsea are particularly popular.
The apartments at One Hyde Park have been mostly purchased by foreign-registered buyers, according to The Guardian. It said the prices ranged from 3 million to 136 million British pounds ($4.9 million to $221 million).
Vice President Joe Biden leads the first meeting of the working group to explore solutions following the Newtown shooting with Philadelphia Police Commissioner Charles Ramsey and other law enforcement leaders on Dec. 20.
Credit Drew Angerer / Getty Images
Vice President Joe Biden arrives for a closed-door meeting with Senate Democrats to urge them to support a fiscal cliff deal on Monday.
Few Western countries are as conservative about home ownership as Germany, where less than half the country's citizens own property.
German banks have tough lending rules. Would-be buyers are usually asked to provide hefty down payments to secure mortgages, meaning few Germans even think about buying a home until they are settled and financially secure.
But the European debt crisis appears to be changing the traditions around home ownership. The resulting surge in homebuying, some officials warn, is driving prices too high and threatens the nation's economy.
This week saw both a frantic finale to the much-unloved 112th Congress and, hours later, the swearing in of the new 113th. The cast of lawmakers and their leaders is mostly unchanged. The same can be said for Capitol Hill's never-ending drama over taxes, deficits and spending.
What was arguably this week's most sensational congressional moment did not even take place in Washington. On Wednesday in Trenton, N.J., Republican Gov. Chris Christie blasted the GOP-led House for closing down the last Congress without even considering a Superstorm Sandy disaster relief bill.
The latest figures show December was another month of steady, moderate job growth. But for many people still struggling with long-term unemployment, the situation hasn't actually changed much at all.
For Alecia Warthen, the last eight months have been painfully stagnant.
She was the first person in her family to finish college, after growing up in one of the roughest sections of Brooklyn. She had earned an accounting degree and worked as a bookkeeper for most of the last decade.