Don't be confusing The City of London Corporation with London. The latter is a city, the former a banking fraternity which asset strips the country, and launder drug and crime money for the rest of the world.
Don't be confusing The City of London Corporation with London. The latter is a city, the former a banking fraternity which asset strips the country, and launder drug and crime money for the rest of the world.
Between the 2 people (neither) or the CofL Corp and London? The Corp.
The city of London is the money laundering capital of the world, always has been always will although Hong Kong in its heyday could maybe have claimed to run it close. That's why it's all bullshit that the UK will lose business to the EU when we Brexit as the EU is regulation heavy while you can get away with murder (financially) in London and out of the EU they will be able to deregulate even more.
Penguins would be preferable to Muslims at least
There is a problem with many new builds being sold off plan to overseas investors who are only interested in flipping them. But the music stopped on them a year ago. Prices have fallen and they are now sat in a loss. Rental valuations were criminally overstated. Real yields after service charge, agent fees, depreciation are negative to +0.75%
Many of these units are now being let. Foxtons reported a fall in London rents for q4 2017. This squares with investors either having to get real about rents (40% below the developers valuation) to stem the cash outflow on the outgoing, not least of all mortgage interest. Many of these are at 70% LTV and not far off negative equity. If it slides any further, and I think it will, then some investors will be posting the keys back to the lender and hiding under their rocks back in China etc.
So now the slopey buggers are repeating the same mistakes in shitholes like Liverpool and agents are trotting out bs about the new buy to let capital of the UK.
In any event, empty property means a bubble. The market is correcting itself and Londoners will have cheaper apartments to rent as a result. Indeed why buy a £900k two bed apartment woth £3500 a year service charge in Kings Cross when you can rent it for £425 a week?
https://www.estateagenttoday.co.uk/b...ip-in-lettings
Buy-to-Let Rental Yield Map 2017/2018
On a related note all this bullshit about University towns is flash in the pan. Brits haven’t been making enough babies in the last 15 years. The larger number of 0-5 age range in 2011 babies due to six fingered Mohamads and a whiff of female infanticide and abortion in these progressive migrant communities
Last edited by Lostandfound; 27-01-2018 at 01:44 PM.
There are currently 1 users browsing this thread. (0 members and 1 guests)