SUBSCRIBERS

High property prices 'right problem': London mayor

Published Mon, Jun 16, 2014 · 10:00 PM
Share this article.

[LONDON] London mayor Boris Johnson said high property prices are "the right problem to have" and that technology startups are attracted to the city regardless of its "creaking" infrastructure.

In a Bloomberg Television interview, Mr Johnson said the UK capital is Europe's answer to America, drawing in migrants seeking a better life.

London's property prices have surged in recent years, boosted by record-low interest rates and cash-rich foreigners seeking a haven from political turmoil.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here