The chancellor’s measures will not benefit peaceful our crazy property market. We need a radical change of policyDrawing lessons about the real world of business from The Apprentice would be a mistake. But final week’s vintage episode,in which the wannabe entrepreneurs flogged flats in London, carried a clear message about the capital’s property market: it is now so unhinged that literally anyone can make money out of it.
It’s hardly news that homes in London are not cheap, or but the parade of buy-to-let cash purchasers who trooped in and out of the half-finished tall-rise show flats,nodded sagely at the drivel from Lord Sugar’s victims and signed on the dotted line, were flesh-and-blood representatives of a market gone crazy.
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Source: theguardian.com