On a visit to London I picked up the Evening Standard - two articles caught my eye. In one Sam Leith reported that ; "...even thirty somethings - the sort you would expect to be life blood of the up and coming fringes of the city - are fleeing to Birmingham, Nottingham and Oxford in search of affordable housing and agreeable lives."
Turning a few pages I came across a picture of a T shirt clad Boris Johnson (not a pretty sight) who was in Kuala Lumpur where - surprise, surprise - the developers of Battersea Power Station are staging a road show to sell the properties to the Malaysian rich
Now I'm sorry but if I was Mayor of London I would be seriously concerned about Sam Leith's piece -which he wrote on the back of a report form the Office of National Statistics who found 60,000 people in their thirties left the capital in the year to June. In fact so concerned would I be about the ridiculous level of house prices in London that instead of promoting sales of the Battersea Power Station development in Malaysia I would have thought his time would be better spent in lobbying the Prime Minister to look at bringing in legislation to either heavily tax foreigners buying property in London or to restrict foreigners right to buy in London - and by the by - don't tell me it can't be done because the Swiss do it rather well.
High property prices are not a boom - they are a curse. Walking round London last night through Kensington and Chelsea whole streets are in darkness with hardly a light showing in blocks of flats or rows of houses - so many are now owned by rich foreigners as 'investments.' Simple Edwardian terrace houses in Battersea and Fulham are now routinely fetching well over £1.0 million making them unaffordable to all but the highest paid and all Boris does is promote more sales of London property to more absentee so called 'investors' -it is a bad joke.