Friday, Oct 23, 2009
Lahndan, innit
Times: Discreet City buyers set to pour huge bonuses into housing market
City workers, their arsenals boosted by bonuses that seem certain to be bigger than expected this year, are priming their guns for a new property bidding war.
Buyers are reported to be active in the housing market only days after a prediction that they would benefit from £6 billion in bonuses this year.
Agents now expect that London house prices, especially in the most luxurious postcodes, will be boosted by a flurry of bonus-funded property purchases, which they say have started already and may stretch through the next six months.
Posted by little professor @ 10:32 PM (517 views) Add Comment
5 Comments
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2. britishblue said...
There are 11.4 million people in greater London. Has anyone got anyidea how many people in the city get huge enough bonuses to pur it into the property market as a percentage of the London population?
3. brickormortis said...
And so the land of the many shifts into the hands of the few!
4. mr g said...
I see this as Crash Gordon's master plan for economic recovery:
1. Let the City pay undeserved bonuses to these parasites which they then put in to property.
2. This creates a new property bidding war and pushes up upmarket London property prices.
3. The sheeple are stupid enough to think that house prices generally are rising and pile back into the market to avoid being left behind.
4. All our economic problems are solved and Gordo has saved the world again.
Simples! Piece of p*ss!!
5. greenshootsandleaves said...
What a tour de force! Started off in just a couple of London boroughs but if old Judith had kept going for another paragraph or so I'm sure pretty much the entire country would have ended up among the beneficiaries! We could all do with a brick or two or even a bit of grout from that wall of cash, couldn't we? I was looking forward to the trickle-down effect eventually working its way to the Orkneys (where I recently invested in property on the strength of another upbeat message from the Times' experts), but then I thought: 'stealth buyers', 'some locations and not others', 'it may take a while for the bonuses to be paid', 'may renovate or overpay rather than buy' ....
.....
All right, it's what (some) people want to hear, but is any of it actually verifiable?