By Nick Easen
Forbes.com
City estate agents got quite excited recently when American hip-hop artist Sean "P. Diddy" Combs checked out a £25 million (about $45.5 million) house in London's Holland Park area.
But P. Diddy isn't the center of a brand-new trend. U.S. celebrities have been swapping Los Angeles' 90210 and New York's 10013 for NW3 and other hip British postcodes for decades. For many it's just not a zealous embrace of strange accents, Barbour jackets and real ale -- it's about status.
"U.S. celebrities get kudos in their social circles for owning a London property," says Tom Tangney, associate at property agent Knight Frank. Tangney has helped half-a-dozen American personalities find houses in the U.K. "They also like the U.K. and London for its centrality. It's a very easy position on the globe to travel to and from." more
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