Rat and Mouse
Wed
29
Aug
Prime London property: now you see it...

... now, according to the Telegraph, you don't. The issue is foreign buyers, picking up pukka properties and then holding onto them... slipping them into giant portfolios because... well... they can. It's tax effective, and their kids love a London playground. The paper also seems to have the scoop on the latest Knight Frank Prime Central London Index movement which, they say, will show an annual (July-to-July) inflation rate of 36.4% (the highest since 1979).

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Comments

I expect property ownership to be up there with traffic as issues for the forthcoming mayoral elections...

http://www.themortgageprovideronline.com

Posted by Jimmy at August 29, 2007 4:48 PM


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