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Lifes a game

London Property Hit £2000 Per Sq Foot [Torygraph]

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London has overtaken Hong Kong to become the most expensive city for high end, new build property - which has now reached a world record at £2,000 per square foot.

So much for the affordability plan, especially when there is a world records to be had.

http://www.telegraph.co.uk/finance/personalfinance/houseprices/11191011/London-The-worlds-most-expensive-city-for-homeowners.html

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That's "high end, new build" property.

I guess the secluded plot doesn't come cheap, even before you dig the private pool.

Note the three most expensive cities are precisely the megahubs of financial services in the three economically-significant continents. I expect some of these prices are part of a complex product of value to industry insiders.

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But it's a premier global city, and has become EVEN MORE premier and global recently (CEBR told me).

unfortunately for the London hpi apologists, price per sq fr is also a premier global comparator for propert prices. Perhaps the super rich global elite will choose to ignore the stats in favour of the 'but there's not enough supply' argument. Or maybe not.

edit: actually thinking about it, this league table could be an interesting leading indicatory for prime city international city prices...i would like to see a graph of position in the index overlaid with house price growth.

Edited by FallingKnife

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