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The Great Foreign Exchange Gamble – Prime London Property
The Great Foreign Exchange Gamble – Prime London Property
The US is purposefully devaluing the dollar. Charlie Bean, Deputy Governor of The Bank Of England has said that he wants us to take on even more debt: "What we're trying to do with our policy [of keeping the bank rate low] is encourage more spending... we want to see households not saving more, but spending more."
London,
London,
United Kingdom
(prbd.net)
12/11/2010
London, London (prbd ) November 10, 2010 - The US is purposefully devaluing the dollar. Charlie Bean, Deputy Governor of The Bank Of England has said that he wants us to take on even more debt: "What we're trying to do with our policy [of keeping the bank rate low] is encourage more spending... we want to see households not saving more, but spending more."
In the meantime Europeans are worried about the complete obliteration of the Euro, while vast wealth is being created at an extraordinary pace in the “Emerging” (or should that be emerged) Markets. Governments worldwide are moving the goalposts and the wealthy as always are one step ahead in protecting their wealth.
Discover:
- What represents “inherent wealth” – it is not the number of zero’s in one’s bank account.
- The seven reasons why London property has been a major beneficiary of this flight to inherent wealth
- The biggest problem this shift has created for British property buyers in prime central London & the dangers that face the market.
- Which areas of the prime London market are the most vulnerable.
- The golden rule to acquiring property in these times.
“Having recently visited Mumbai to give a presentation on prime London property ( http://www.mercuryhomesearch.com ), the overwhelming opinion was that the U.K. is in trouble and that the rupee would strengthen against sterling.” says Jeremy McGivern, an authority on prime central London property and Managing Director of the internationally renowned property search agency ( http://www.mercuryhomesearch.com ), Mercury Homesearch. “Nevertheless we are acquiring a number of properties for Indian and other overseas’ clients despite the fact they regard it as a poor “investment”.
For more information on this story and to contact Jeremy to schedule an interview call +44 (0) 7780 696394 or email jeremy@mercuryhomesearch.com. Jeremy McGivern is regarded as one of the most influential figures in the prime London property market ( http://www.mercuryhomesearch.com ) and has been featured in numerous publications including The Financial Times, The Wall Street Journal, The Sunday Times and Spear’s Wealth Management Survey. He has represented some of the world’s wealthiest families and most successful entrepreneurs, so understands the unique issues facing high net worth individuals.
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About
For more information on this story and to contact Jeremy to schedule an interview call +44 (0) 7780 696394 or email jeremy@mercuryhomesearch.com.
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