Friday, June 15, 2007

London property prices outstrip Monte Carlo

London property prices outstrip Monte Carlo

London property prices are rising at the fastest rate for more than 30 years, with many houses fetching more money per square foot than Monte Carlo, a study disclosed yesterday.

Posted by david20040_0 @ 02:48 PM (512 views)
Please complete the required fields.



3 thoughts on “London property prices outstrip Monte Carlo

  • Compared to the real estate prices of the 1980s Bubble Economy, today’s office rents are dirt cheap. Back then, a 100-dollar bill wouldn’t buy the land it covered in downtown Tokyo, the Imperial Palace was worth more than California, and all of Tokyo could have bought all of the US. In theory, the Japanese could have bought the entire world by selling their archipelago. At the height of the bubble, Tokyo land prices reached $350,000 per square meter. Since that peak, prices have fallen by more than $5,000 billion, over 110 percent of Japan’s GDP.
    Source: Japan’s Big Bang, by Declan Hayes (Tuttle Publishing)

    http://www.japaninc.net/article.php?articleID=575

    FAO: David_20040 – Japan IS an island. And it has over twice the population of the UK and less livable land area.

    Reply
    Please complete the required fields.



  • this would be relevant if everyone in the UK lived in Belgravia.

    Reply
    Please complete the required fields.



  • @Paul,

    That was the whole point. The valuations were based as if everyone did live in Belgravia. The same is true for London today.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>