I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Wednesday, 6 June 2007

Price of one bedroom flat hits a record £3 million

A one-bedroom flat is on the market for more than £3 million.

The home in London's Belgravia is the most expensive one-bedroom flat ever to go on sale in the capital.

The offer comes amid growing concern that London's property boom shows no signs of ending - despite rising interest rates.

Experts believe London has effectively become "detached" from the rest of Britain's housing market because of the influx of foreign capital and massive City bonuses.

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