Monday, 27 August 2012

Hideously diverse Britain: a postcode problem for Parisians in London | UK news | The Guardian

Hideously diverse Britain: a postcode problem for Parisians in London | UK news | The Guardian

Another migrant housing problem. Migration problems are ten-a-penny but I wouldn't have known about this were it not for the magazine Spear's Wealth Management. Some issues fly under the radar. This is one of those.
It concerns the wealthy French. There are 400,000 in London and more are en route apparently, to escape President Hollande's 75% tax demand.
David Cameron says he'll "roll out the red carpet". But resources are scarce, even for the rich. Where will they live? That's the issue, says Spears. "The French are notoriously precious about their postcodes; the problem, however, for the Parisian address snob is that not even the richest French, who are used to much lower property prices per foot anyway, can now afford some of the frankly absurd prices that are being asked in the 'golden square' of Chelsea, Belgravia, South Kensington and Holland Park."

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