The interior motor court of Raffles London at the Old War Office, which includes a hotel, multiple restaurants and branded residences.
John Athimaritis
The business of real estate in London is characteristically British: reserved, unostentatious, conservative. Dealmaking is opaque and listings are typically sold off-market via exclusive contracts — thwarting competition among agents and agencies. The U.K.’s estate agents queue rather than showboat.
Worse still, lips stiffen on payday. In London, agents often receive just 1 to 2 percent of their sales as commission, compared to as much as…
