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Realistbear

Frenzied Buying Lifts London Property To Top Spot In The World

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http://uk.news.yahoo.com/30082006/325/lond...ing-market.html

London is world's priciest housing market

Reuters Wednesday August 30, 06:20 PM

LONDON (Reuters) - London has officially overtaken New York as the world's most expensive residential market, a top global property agency said in a report on Thursday.
"Our research suggests prices currently achieved in the prime areas of Central London are the highest in the world when measured by price per square foot (sq ft)," said CBRE Hamptons International, part of CB Richard Ellis Group Inc, one of the world's largest property services firms.
CBRE said prime residential property in London on average cost around 1,200 pounds per sq ft compared with 1,000 pounds per sq ft in New York.

At least we have 20% higher wages to allow us to pay for the world's most expensive property--not. :lol:

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http://uk.news.yahoo.com/30082006/325/lond...ing-market.html

LONDON (Reuters) - London has officially overtaken New York as the world's most expensive residential market, a top global property agency said in a report on Thursday.
Seems to be an article written around comparing a few select areas rather than comprehensive research.
Why did you title the thread "Frenzied buying............." ?
Edited by expatowner

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Seems to be an article written around comparing a few select areas rather than comprehensive research.

Why did you title the thread "Frenzied buying............." ?

The phrase "frenzied buying" makes it sound more dramatic?

You can change the sense of anything if you slip in a few new words. Well spotted!

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Seems to be an article written around comparing a few select areas rather than comprehensive research.

Why did you title the thread "Frenzied buying............." ?

To be honest, its a sarcastic commentary on the madness that has overtaken this country. "Frenzied" has been one of the EAs favourite words to describe the mental state of buyers when they come into their offices. Now its a joke because no one really believes it anymore. Sometimes the EAs and their hype need to be ridiculed by using their same language.

The other favourites were "up up and away," "soaring prices," "doomed FTBs," "booming," "flying off the shelves." But, IMO, "frenzied" is the best because it is reminiscent of a small lake in South America full of starving pyrannha fish and into which is thown a piece of meat.

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To be honest, its a sarcastic commentary on the madness that has overtaken this country. "Frenzied" has been one of the EAs favourite words to describe the mental state of buyers when they come into their offices. Now its a joke because no one really believes it anymore. Sometimes the EAs and their hype need to be ridiculed by using their same language.

The other favourites were "up up and away," "soaring prices," "doomed FTBs," "booming," "flying off the shelves." But, IMO, "frenzied" is the best because it is reminiscent of a small lake in South America full of starving pyrannha fish and into which is thown a piece of meat.

Tainting your pieces with such spin is fighting fire with fire.

Raise above the mess and just state your case plain and true.

People will smell a rat if you fall into the spin spin and more spin trap.

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  • 302 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%



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