Wednesday, February 9, 2011

Forget mining for gold

Londoners `Mine' for Space Under Luxury Homes as Neighbors Fume

The scarcity of luxury houses and apartments on the market in neighborhoods like Belgravia and Knightsbridge has prevented many from trading up to larger properties. “People are enlarging houses and improving them rather than moving,” ... “You can either pay stamp duty and moving costs or you can add value to your home by spending the money on improvements.” Basement excavations in the Royal Borough of Kensington & Chelsea almost doubled to 147 last year from 81 in 2006. “The amount of money being made in the rest of the world is astonishing -- confidence is more than just coming back to the London market,” ...

Posted by karma4all @ 09:34 AM (1245 views)
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2 thoughts on “Forget mining for gold

  • David Smith is probably even now wittering on about his skip index. Pity no-one reads the Times any more since Murdoch banished it to irrelevance behind the paywall (not).

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  • Neighbours from hell. No matter how much money you have, you can’t get away from them.

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