London Home Buyers Delay on Concern Bonuses Will Fall

Buyers of London houses and apartments costing about 2 million pounds ($4 million) are delaying purchases on concern the turmoil in credit markets may result in lower bonuses for bankers. Last week's turbulence in the markets in London and the U.S. is creating some serious caution,'' Christopher Bramwell, a director in Savills Plc's London residential department, said in an interview. ``Buyers at this level look more to the financial markets and are less affected by interest rates.''