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Article: COMMENT: London leads the price fightback.
- Article from:
- Lending Strategy
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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House prices are rising with the capital leading the way, but there are still reasons to be cautious about proclaiming a general market recovery, says Sally Laker, managing director of Mortgage Intelligence Holdings
Low interest rates and falling property prices have left wealthy investors looking for alternative asset classes to put their money in. In response, top store Harrods has started selling gold bullion over the counter.
It is the only place in London where investors can purchase a 12.5kg gold bar off the shelf. I have a vision of the great and good dragging sacks of gold bars through the store towards their waiting limousines.
But ...