Tag Archives | London

House prices Dec16

London house prices start their collapse

London’s house market has been slowing for some time, as I noted last year.  The issue is affordability.  Artificially low interest rates make the monthly payment seem cheap.  But the key question is whether your salary will allow you to repay the capital borrowed over time. Sadly, this has become increasingly impossible for many actual […]

Continue Reading

Local buyers priced out of London housing market

Most people, if they are lucky, never get to see a property bubble during their lives.  But those of us alive today have seen two distinct types of bubble in action: The first has been the Ponzi-type bubble sponsored by government lending policies, as seen in the subprime era and now in China.  These take […]

Continue Reading
G-20.jpg

G-20 moves on regulation, ducks other key issues

The blog has been reading the G-20 communiqué, and various news reports, to understand whether the London summit answered the 5 key questions it raised in advance of the meeting. Reuters provides a good summary of the outcome in terms of 3 blog questions: • Global trade. “The Summit ‘reaffirmed’ commitment from previous summit last […]

Continue Reading

£80k Maserati going cheap

Would you like to buy a nearly-new, limited edition £80k ($160k, €120k) blue Maserati Cambiocorsa? It may not be too late, as it was going cheaply this week in London, and about to be crushed. Apply to the Transport for London (TfL) parking pound, near Knightsbridge, and spend your savings at Harrods round the corner. […]

Continue Reading