11 feet x 12 feet in London for USD 450,000
A parking lot in London’s upscale market of Hyde Park Gardens has been put up for sale for a whopping £300,000 ($447156.05 USD), which is close to twice the average buying price for residential properties in the United Kingdom. The posh spot measuring 11 feet x 12 feet costs more than double the aggregate price of £162,000 ($241,464.27 USD) per house sold in England and Wales last month. Estate agents have experience in selling similar parking spaces in the area, which went upwards of £250,000 ($372630.04) each. The agents have even said that several buyers have already shown their intent in owning the six-figure lot. The trend of owning expensive […]
Luxury loans trending in Asia
Hong Kong’s ladies-who-lunch are indulging in a smart new trend — cashing in luxury handbags for quickie loans in the Asian style capital. Luxury purses by brands like Hermès, Louis Vuitton and Gucci can all be used to secure a loan in less than half an hour, with specialist pawnbrokers providing cash at up to 80% of a bag’s value. Yes Lady Finance Co. offers the first specialized loans against pricey purses in Hong Kong, a city with around 200 licensed pawnbrokers and nearly a thousand shadier backstreet operations. The company’s “brand name handbag loan” provides cash in half an hour in exchange for luxury bags from big name brands. […]