Jump to content
House Price Crash Forum
Sign in to follow this  
JPJPJP

Saatchi And Lawson: Dab Hand With Vase Of Twigs

Recommended Posts

http://www.dailymail.co.uk/news/article-1321629/Nigella-puts-36m-home-sale.html

Having catapulted Tracey Emin to stardom by buying her notorious unmade bed, Charles Saatchi has decided to divest ­himself of his own somewhat less artistic eyesore — the home he shares in Central London with his wife, television chef Nigella Lawson.

The multi-millionaire art ­collector has quietly put up for sale the couple’s vast apartment in Eaton Square, Belgravia, after being plagued for weeks by their neighbours’ renovation plans.

According to property sources, the couple are hoping — despite the collapse in house prices almost everywhere else in Britain — to get as much as £36 million for the place, an almost ten-fold increase on the £3.8million the reclusive Saatchi paid for it nine years ago.

So nearly a 947% increase in value in around 9 years then?

Now that is HPI.

Share this post


Link to post
Share on other sites

Scrolling down from the Nigella story on the same page is a contrasting sign of the times - he sad news that eaterie Coq d'or - popular with city types who have a penchant for swallow diving - has closed. In fact the piece suggests it's boarded up.

Shocking.

Suicidal bankers will now have to clamber over the railings somewhere more downmarket.

Share this post


Link to post
Share on other sites

They're fearful of a repeat of this:

03skip1_415x268.jpg

http://www.thisislondon.co.uk/standard/article-23888902-after-the-scaffolding-the-diggers-are-next-as-nigella-joins-basement-wars.do

Which begs the question. You go and publicise that a heap of renovations work is being planned nextdoor to your house in a national paper..............errrr......and then you try and sell it??

Not very bright is it?

Share this post


Link to post
Share on other sites

Scrolling down from the Nigella story on the same page is a contrasting sign of the times - he sad news that eaterie Coq d'or - popular with city types who have a penchant for swallow diving - has closed. In fact the piece suggests it's boarded up.

Shocking.

Suicidal bankers will now have to clamber over the railings somewhere more downmarket.

Wrong Coq, ****. *

You're thinking of the Coq d'Argent...

(* As in 'Wotcha, ****', nothing offensive)

Edit: damn that word filter

Edited by schmunk

Share this post


Link to post
Share on other sites

As we had an earlier post asking the translation for "veuve" (widow) , can I be first to say that "coq d'argent" means "silver c@ck". :P

Edited by Agentimmo

Share this post


Link to post
Share on other sites

Actually hate to burst your bubble but the top end of the market doesn't really reflect mortgage availability as it's rich cash buyers. The top end of the market's performance is related to how much richer the richest people are getting.

Some sources say they got three times richer over the last decade. That would lead to a slightly exponential increase in their purchasing power as I'm sure they weren't spending three times more to compensate as a matter of course.

Hence they would probably afford a price tag of over 30 million. Right now property is quite popular among the rich especially in Asia, there's a good chance a rich Asian businessman will buy this up.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 245 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.