Bloomberg Wells Fargo & Co. agreed to purchase a new London headquarters in a move that will enable the US bank to increase its presence in the UK capital. The building, known as 33 Central, is due to be completed in the third quarter of 2017, according to a statement on Monday from the developer, HB Reavis Group. The …

  Bloomberg China’s home-price gains tapered off last month, as second-tier cities joined some of the nation’s largest hubs in imposing housing curbs to cool surging prices. New-home prices excluding government-subsidised housing climbed in 55 cities in June, down from 60 in May, among the 70 tracked, the National Bureau of Statistics said this week. Prices dropped in 10 cities, …

  Bloomberg London’s seven-year housing boom may be about to end after the UK voted to leave the European Union. “While in recent stress tests, the major UK banks were assessed with declines of around 30 percent in commercial real estate prices, we fear that London residential could experience an even more severe downturn,” Societe Generale analysts including Marc Mozzi …