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Jamus

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About Jamus

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  1. At my company (a global property company), the London agents are selling more new build properties at higher prices than ever before. A director was talking about it just earlier today, anything within zone 3 is getting snapped up by Singaporean/Chinese investors etc... It's like it's gone into overdrive, no sign of slowing at present, but perhaps signs of the madness of crowds and a bubble?
  2. A lot of this is in the price already. Valued a property in the area last summer and had to report a figure less than the foreign purchasers had paid for it, as it did not stack up. Foreign money being parked out of euro zone chasing up prices....
  3. incase you hadn't seen it: http://www.moneyweek...singapore-61700
  4. To be fair, I walked past here the other week and it's coming along well. I thought it was just a couple of high rises, but they are actually masterplanning the whole area, incluidng improvements to the existing Council housing. Plus, they've knocked down the existing retail units, which were pretty grim, so the area is coming along nicely. I'd say a lot of that is factored into the price already though.
  5. I don't really see how the immediate area around that new development can improve as it is primarily a big Council Estate. Up the road you have Stamford Hill, a insular Orthodox Jewish community which I can't see changing any time soon. Therefore, your typical young crowd which would normally move into an area, can't. Nearby you have Stroud Green/Finsbury Park and Stoke Newington. Stoke Newington has already gentrified, Stroud green/Finsbury Park is improving, but I’d say the cheap opportunities have passed. My aunt and uncle who live on the edge of Stoke Newington / Clapton, say friends of theres are now selling their properties and buying mortgage free further north in parts of Tottenham or further east in Clapton. So I guess these are the areas which are up and coming, as the money moves in. You can kind of see it around Upper Clapton, the area used to be almost a no go area and is still very rough round the edges, but now has trendy bars/restaurants opening up and an influx of young people. My friend has just opened a pizza restaurant there himself as he sees it as up and coming. I think the key to an area improving is the amount of period housing, as an area declines for various reasons, the traditional housing loses value, but people eventually realise how nice the housing in these areas is and cheap in comparison to what they can buy elsewhere and move in, whereas the property around the manor hill development is all mid-rise estates which I personally wouldn't wish to live in. Plus there is no real high street, decent pubs etc…..
  6. Ludlow is very nice, also nearby, Ironbridge, Shrewsbury and Market Drayton / Long Mynd. Some of those places are like modern day life has passed them by. I'm from the outskirts of Birmingham and the surrounding countryside, it always surprises me how different is it that part of the world, only really an hours drive away.
  7. Passed through Buxton at night on the way to nearby Edale to go camping. Buxton as far as I could make out appeared a very nice northern town, but difficult to judge at nightime! To the north is a lovely part of the world known as Edale,where me and some friends camped out: http://www.edale-valley.co.uk/
  8. Jamus

    Help me grow my Travel fund!

    Hey Thought I would bump this thread to find out what ever happpened to bob's travelling and investment plans?
  9. http://www.irishtimes.com/newspaper/property/2012/0223/1224312237030.html?via=rel
  10. (new thread): Started this in the main forum to spark interest, rather than the property sub forum. Have been looking at the Allsop Irish auction page, there's a lot of crap, but some properties in central locations at cheap prices, yields of 8% in central Dublin on new build flats. http://www.auction.co.uk/irish/pastAuctions.asp?T=R Whilst I am under no illusions of the problems facing the Irish economy, Dublin will always be an important city and Galway will always attract tourists. Personally I think Ireland is trying to get its house in order and long term will be alright, there are signs of a rebound already: http://www.bloomberg.com/news/2012-02-21/dublin-office-market-set-to-revive-as-facebook-google-add-space.html Main risks are further falls and collapse in the euro, but surely picking up this property for 650000 is an absolute steal? http://www.irishtimes.com/newspaper/breaking/2012/0301/breaking39.html
  11. A lot of irish and ozzies in london, whys that then?
  12. Part of the corruption stems from the reliance on aid though, money syphoning off etc. If the people weren't relying on adi, they might learn to do soemthing about their corrupt officials. THe problem is though, unless the rate of growth outpaces the rate of births, your average African won't be any better off.
  13. I was watching a program about the charity doctors without borders recently and their work in Africa, and remember thinking to myself, 'what's the point?' Any good work done today, will only lead to more problems in the future as the populations reach epic proportions. I see this as a big problem going forward, it may not be the case if it occured in stable countries with resources that can look after themselves, but in Africa where the people are so poor already, it's a big issue. I see a lot more immigration to Europe in the next 50 years, which will have social impacts. The best thing these western charities could do, is teach more about birth control.... I read Dark Star Safaria by Paul Theroux, and he touched on the reliance on Aid in African countries, the governments and people are so aid dependant there is no incentive to stand on their own 2 feet. I once considered doing some voluntary work abroad, knowing what I know now, I think the best thing people who wish to help places like Africa can do is just travel there as a tourist and spend money in individual enterprises, i.e. businessess set up by locals, and encourage them to become entreprenurial and help themselves.
  14. Both nice countries, much prefer New Zealand though, it's more down to earth. Ozzies believe their own hype a little too much... Don't think they're all so hard working when your there, big generalisation, but the ones who travel out of Australia are generally the better ones, a lot of Bogans when you go there!
  15. Quite funny and surprising that a few are saying the UK, but I can relate to some of the comments. Let's not pretend the UK doesn't have problems, and i'm not sure if I do wish to live here the rest of my life, but I do quite like the upbringing i've had here, in terms of the way my outlook on life has developed. A LOT of aspects of the UK annoy me, but life here is more 'real' if that makes sense. The culture in this country is something else if your willing to find it, in terms of cutting edge music it really leads the world these days. Sure, theres an easier way of life out there, but I think we get a good grounding of the way of the world in this country.
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