Average Global Property Prices
Leading the pack with an average US$2091 per sq foot is Hong Kong. A long way behind are Singapore with $1063 and Paris with $985. London $776, Shanghai $714 and Shenzhen $726 follow with New York $526 and Los Angeles $466 at the rear of the leading pack. Remembering that these are average prices and given that Hong Kong is suffering from its biggest law and order crisis in a very long time, the questions of whether both the absolute level and the relationship with say Singapore can be maintained naturally arise. One London agent has been quoted as selling more than GBP 25 Million of Central London property to Hong Kong citizens looking to move to the UK in just the past few weeks. And on that subject, one London’s canniest property developers has called the bottom of the London residential property market this weekend on the basis that in a global context, it now represents good value.
Stressfulness in Order: Death, Marriage and Divorce
This time not in a corporate sense as the U.K. Office for National Statistics announces that the popularity of marriage has fallen by 50% from 1974 to 243,000 in 2018. As a consequence the divorce rate is at a low since 1971 at just 7.5 out of 1,000 marriages in 2018. By my calculation that makes 1822.5 divorces in 2018. That’s the thing about statisticians: they may have the advantage over the rest of us with numbers but they miss the bleeding obvious: half a divorce?!?!
The first US President to visit Ireland and when?
Surprisingly recent given the antecedents of so many US citizens-to be sure to be sure….
Definitely a good pub quiz answer to have handy. The answer?
The 42nd President of the USA William Jefferson Clinton on 1-12-95.
Dallas the TV series? Anyone remember?
Well it’s been a few years but it all came flooding back: the oil, the chicanery, the affairs, the skulduggery, the padded shoulders, JR, Sue Ellen, Miss Ellie, Pammie,Bobbie…any bells?
This weekend saw Lucy Ewing the pint sized sex bomb(not my description) played by Charlene Tilton turn 61. That means she was only 16 when she was cast in the 70’s TV blockbuster. Yes it was in colour, you cynics! Just….!
Discussion and Analysis by Humphrey Percy, Chairman and Founder
Big Girls Don’t Cry A bond market tantrum and one of the sharpest one day sell offs in Sterling for several years appear to have been catalysed by the Chancellor’s appearance in PMQs yesterday. First: the back story. This Labour government has faced some embarrassment in recent weeks trying to get its welfare bill through […]
A weaker Dollar: Trump vs. Powell The Dollar continued to lose ground yesterday as the truce between Israel and Iran appeared to continue to hold. There has been a noticeable return to focus upon macro and monetary influences in major currency pairs. Yesterday, Fed Chair Jay Powell provided his semi-annual monetary policy report before the […]
Next level EURUSD has managed a relatively smooth ascent to its current levels, around 1.18. That is despite significant resistance levels, most notably around 1.17. A large collection of option strike prices gathered around this key level and the price history of the pair shows us its significance. Sustained closes above this level since last […]