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If I would own real estate in London, or even live there, I would sell everything immediately and leave.
London is destined to be destroyed during WW3 and during the ‘3 Days of Darkness’.
Also I would not want to live there after the coming financial collapse and civil war.
A UK co-living company has announced that it will begin accepting down payments made in bitcoin, according to CoinTelegraph, making it that much easier for traders hooked on effortless, outstanding returns to speculate in another bubble-prone market: UK housing.
Co-living pioneer The Collective announced the decision on Tuesday, saying it’s the first developer that will accept payments in cryptocurrency. The company added that it’s exploring how to accept rental payments in bitcoin, which it hopes to implement later in the year. It said that its decision to accept bitcoin was related to demand from international clients.
The company has pledged to perform a “spot conversion” of users’ deposits – a fancy way of saying it intends to hedge its position – so that it bears any financial risk while holding the deposit.
- Britain will need to accommodate 243,000 new households each year
- Net migration accounts for an estimated 45 per cent of this growth
- 109,000 extra homes will be needed every year by migrants and their families
Almost half of new homes built in the next five years will go to migrants, government figures have revealed.
Soaring immigration means that Britain will need to accommodate as many as 243,000 new households each year for the next 22 years, the Department for Communities and Local Government has said.
It is been estimated that an extra 5.3 million new properties could be needed to meet the growth in population, and an extra 2.4 million of the new homes will be needed for migrants alone.
This means that one new home needs to be built every five minutes to house Britain’s burgeoning migrant population.…
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… And the easiest way to confirm it, is to look at recent (and not so recent) home listings in Kensington and Chelsea, where we find something stunning: out of 130 pages of adverts, with 15 ads per page, nearly half of all properties, or 53 of the pages show price reductions.
In a move which many Canadians, especially those who have been persistently priced out of the housing market, welcomed with open arms, overnight Finance Minister Bill Morneau unveiled new measures aimed at slowing the flood of foreign money pouring into overheated housing markets like Vancouver and Toronto, a move which some dubbed an unprecedented federal intervention in the sector.
As first reported by the Globe and Mail, Ottawa announced it would close a tax loophole that allows non-residents to buy homes and later claim a tax exemption on the sales.
According to the revision, the government will make sure the principal-residence exemption is only available to individuals who reside in Canada in the year the home is purchased, which immediately excludes thousands of “hot money” Chinese tourists who come to Canada simply to park billions in Chinese cash.