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April 29, 2022
Jeremy McGivern
Posted in: Property Prices

Do you know this about the British Empire & Property?

Did you know that:

“At its peak, with only 2.5% of the world’s population in the U.K., the British Empire produced over 20 percent of the world’s income and controlled over 20 percent of the world’s landmass and over 25 percent of the global population… 40 percent of global exports.

From 1850 to 1914, around 60 percent of global trade was denominated in pounds.”

Ray Dalio – Principles for Dealing with the Changing World Order

Of course, things have changed a bit since then but consider this:

In 1910 a nice house in Belgravia would have cost c. £20,000 while the same house now would be worth c. £15m. The difference is that a far lower percentage of the world’s population could afford £20,000 in 1910 than can afford £15m now.

So, when people say that property prices in London are too high would it be unreasonable to suggest that they may not be considering the whole picture?

About the author, Jeremy McGivern

My name is Jeremy McGivern. I am the founder of Mercury Homesearch, the internationally renowned property search consultancy, and author of The Insider’s Guide To Acquiring Luxury Property in Prime Central London. I have been acquiring property in prime central London for clients for over 13 years.

Having physically viewed over 22,000 properties in prime central London, studied the details of over 153,400 apartments, houses and investment opportunities and spoken to 232+ estate agents every week for over a decade.

My advice is in high demand and has featured everywhere from Bloomberg Television, The Financial Times and The Daily Telegraph to Forbes India and Bahrain Confidential.

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