Sunday 15 November 2009

The smartest of the smart money gets out of property while the getting is good

As just about the only major global investment bank to sail almost unscathed so far through the economic winds of the last couple of years, HSBC know a thing or two about prudent speculations and economic trends, I think it is fairly safe for me to state here.

When they sell their own flagship global headquarters and rent it back off the new owner, I would take that as a pretty clear indication that property prices are not about to explode. Not to the upside anyway.

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