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macbeth79

London: The City That Ate Itself

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http://www.theguardian.com/uk-news/2015/jun/28/london-the-city-that-ate-itself-rowan-moore

London is without question the most popular city for investors,” says Gavin Sung of the international property agents Savills. “There is a trust factor. It has a strong government, a great legal system, the currency is relatively safe. It has a really nice lifestyle, there is the West End, diversity of food, it’s multicultural.” We are in his office in a block in the centre of Singapore and he is explaining why people from that city-state are keen to buy residential property inLondon.

He’s right – London has all these qualities. It has parks, museums and nice houses. Its arts of hedonism are reaching unprecedented levels: its restaurants get better or at least more ambitious and its bars offer cocktails previously unknown to man (coconut seviche, for example, where, as its makers put it, “coconut gin is swizzled through crushed ice with yuzu, passion fruit and a dark chocolate liqueur, and served long with an accompanying ‘shot’ of tuna seviche with a tamarind ponzu”). In some ways, the city has never been better. It has a buzz. Its population keeps growing and investment keeps pouring in, both signs of its desirability. As its mayor likes to boast: “London is to the billionaire as the jungles of Sumatra are to the orangutans. It is their natural habitat.”

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As its mayor likes to boast: “London is to the billionaire as the jungles of Sumatra are to the orangutans. It is their natural habitat.”

Every snake oil salesman opens with a plausible sounding narrative.

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Weird that California and other areas (parts of Canada) are staking their claim to be the magnets for Chinese/other wealth Real Estate forever house prices inflation.

Latest blog by Dr.HousingBubble (California)

http://www.doctorhousingbubble.com/foreign-buyers-of-real-estate-california-investors-foreign-china/

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