blackgoose

China will be one of the worst places to go for cheap housing. For example property prices in Beijing are more than 20 times wages,and wages are rising at 5-8% per year.

What they fail to mention is that "Britain's wealthiest" also include all of those super rich foreigners that sometimes live in London. As time goes on, more and more oligarchs have moved to London, pushing British people out of the list of Britain's wealthiest, therefore increasing the wealth of Britain's wealthiest.

So providing shelter for yourself is wasting money. I wonder if they also think that spending on food or water is wasting money.

I would probably buy government bonds before the crash as the governments can just print money to pay off their debts and QE will continue. I would consider government bonds safer than cash in the bank. Then I would start planning what to buy at the low.

Footballers are probably better off doing that as it stops them from frittering it away and going bankrupt after their career finishes. They are mostly too thick to understand stocks and shares and not disciplined to keep money in the bank without spending it.

Its about time these foreign investors got bored with London and decided they would rather own a place in New York or LA instead. Im sure a Labour coalition with the SNP should help them see sense.

Yes unfortunately it bounced almost all of the way back up https://uk.finance.yahoo.com/echarts?s=FOXT.L#symbol=FOXT.L;range=1d Still, hopefully it was some estate agent or btl panicking and selling at the low.

Down 15p today back to the lows. I haven't seen any specific news to explain it though.

No doubt to be snapped up by some "savvy" investor in asia. I hope the developer makes a mess of it.

Well David Miliband got a charity job on $300k. As Gordon loves helping the poor and needy so much, and as an ex PM, I'm sure one of his chmpagne socialist friends can help him get a charity sinecure on at least $500k. Then he can feel good about himself as he trousers charity money.

Overview Performance in Q3 2014 was negatively impacted by a sharp and recent slowing of volumes in London property sales markets following an exceptionally strong nine month period to 30 June 2014 in which volumes reached their highest levels since 2007. · Q3 Group turnover was £39.9m (2013: £41.1m). Group turnover for the nine months to 30 September 2014 was £112.7m (2013: £103.7m). · Q3 property sales commissions were £16.4m (2013: £17.8m), down 7.8%, as a reduction in sales volumes more than offset price increases. Property sales commissions for the nine months to 30 September 2014 were £54.1m (2013: £46.3m), up 16.9%. · Q3 lettings revenue of £21.9m was flat (2013: £21.9m). Lettings revenue for the nine months to 30 September 2014 was £53.7m (2013: £53.7m). · Q3 mortgage revenue of £1.6m grew by 13.8% (2013: £1.4m). Mortgage revenue for the nine months to 30 September 2014 was £4.6m (2013: £3.4m) · Q3 Adjusted EBITDA1 was £14.2m (2013: £18.0m). Adjusted EBITDA for the nine months to 30 September 2014 was up 4.9% to £39.2m (2013: £37.3m). · Q3 Adjusted EBITDA margin2 was 35.6% compared to 43.7% during the same period last year which had also been the highest quarterly margin ever achieved by the company. Adjusted EBITDA margin was 34.8% for the nine months to 30 September 2014 (2013: 36.0%). · The Group remains debt free and generated £13.9m of adjusted operating cash3 during Q3 representing an operating cash conversion rate4 of 98%. Outlook Although the longer term outlook for London property markets remains positive, the market is expected to continue to be constrained for some time due to political and economic uncertainty within the UK and Europe, tighter mortgage lending markets and mismatches between the price expectations of buyers and sellers. These external headwinds have exacerbated the rate of slowdown in sales transactions we noted at the time of our H1 results. Market volumes in Q3 have been more in line with the first half of 2013 and we now believe that market volumes in H2 2014 overall will be significantly below levels during the same period last year. Consequently, we expect full year 2014 adjusted EBITDA to be below the prior year figure of £49.6m. Nic Budden, CEO commented: "Despite the impact that market uncertainty is having on transaction volumes, we are continuing with our clear strategy, centralised business model and steady roll out programme which is delivering higher market share. Our seven new branches opened this year bring our network to fifty one, with all our sites secured for 2015. Foxtons remains highly profitable, cash generative and debt free, and therefore well positioned to deliver further cash returns to shareholders, building on the £28.1m of ordinary and special dividends paid since our IPO."

At a market cap of 550 million and 51 offices, that is still more than 10 million per office. While they are printing money thanks to the idiot snobs who prefer to sell via Foxtons even though they have to pay a higher commission, it is still an astounding figure.

The Americans and the Dutch company were real traders, though the Americans in Chicago are a relic of a previous floor trading era and the Dutch high frequency trading is the more professional operation. That London "training school" is just a sham to take money from people for their training courses. If Piers could make money from trading himself, he would be doing it, not teaching others his methods. The whole thing about buying depending if the figure is high or low is bull too. The Dutch company will be buying/ selling after 0.01 miliseconds after the figure, so why on earth they think they can manually buy/ sell there I don't know.

What is special about these two in particular?

I think the Duke of Westminster is hiding much of his wealth too. In 1989, the rich list said he was worth 3.2 billion pounds, now they say 8.5 billion pounds, a multiple of 2.6. However prime london properties have gone up by about 6 or 7 times, meaning he should be worth about 20 billion pounds, not counting the rent he would have received.