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This Is Not My Beautiful House...(squatters occupy executive's home)(Brief Article)

Newsweek International

| September 03, 2001 | Beith, Malcolm; Dehghanpisheh, Babak | COPYRIGHT 2001 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

These are tough times in real estate--even for top economists. Gavyn Davies, chief international economist at Goldman Sachs and deputy chairman of the BBC, received a rather rude surprise when he checked out one of his townhouses in London recently. A crowd of squatters had moved into his $1.4 million Regency digs--and they were perfectly within their rights. Under London property law, squatters can enter and live in an unoccupied residence so long as there's no forced entry, and can't be evicted by force. The ...

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