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Goldmines and landmines in the property market

I am often asked by investors to articulate my 'philosophy' of real estate investing. Tough question. My ideal deal is one where it is possible to buy brick and mortar assets at 60–70% of replacement cost. This usually occurs in the aftermath of a banking crisis or economic shock. This was the case in Florida homes in 2009 or Spanish office space in 2010. Another strategy is to 'buy, fix and sell'. This was my rationale for East Kent homes as a proxy for King’s Cross, the biggest retail and office... Read More >

Recent Articles:

Computer screen showing stock price movements Greed and fear in the global stock market What the week's news means for investors
US and global equities surged on news that the US House of Representatives passed the tax reform bill, Cisco and Walmart posted blowout earnings and a potential bidding war emerged for Fox’s media assets. The rally on Thursday followed a week Read More >
Close up detail of banknote The end of easy money Why emerging markets will pay a high price
2017 has been a wonderful year for major emerging markets, thanks to a 7% fall in the US Dollar Index, no hard landing in China, the end of recessions in Brazil and Russia, falls in inflation that enabled central bank easing and stimulated Read More >
Dubai skyscrapers with palm tree Why the Emaar development IPO will make money for investors The latest in UAE property development news
Emaar Properties will sell 20% of its UAE development portfolio in an initial public offering in November. This is the first IPO in the UAE capital markets in the last three years and follows bellwether offerings such as Emaar Malls and Emaar Read More >
Mount Fuji with Cherry Blossom, view from Lake Kawaguchiko, Japan The Japanese stock market is not yet overvalued Why a yen hedged Japanese equities portfolio is absolutely essential
Japan experienced two “lost decades” of deflation and financial distress after its stock market and property market bubble burst in 1990. The Nikkei Dow index experienced one of history’s longest, most savage bear market, falling from Read More >
Cranes outlined against the sunset Saudi Arabia and the crude oil price surge Why September was an historic month for the global crude oil market
September 2017 was an historic month for the global crude oil market. West Texas rose to $52 and Brent rose to $58 as financial markets finally accepted that Saudi Arabia has been successful in brokering high compliance rates with last year’s Read More >
Numbers on a digital screen The bloodbath in bitcoin has only just begun Why cryptocurrencies are doomed to fail
Jamie Dimon, the unanointed king of Wall Street and chief executive of New York banking colossus JP Morgan did not mince his words. He called bitcoin “a fraud”, a speculative bubble comparable to the Dutch tulip mania of the 17th century and Read More >
Digital screen with abstract reflections The bullish case for Japan’s undervalued stock market Why Japan is the cheapest developed world stock market in 2017
The North Korea crisis has led to a 1000 point decline in the Nikkei. Japan is the cheapest developed world stock market in 2017. Any spasm of risk aversion leads to a rise in the Japanese yen and a correction in its Nikkei Dow averages lower. Read More >
London street with phone box and bright lights The anatomy of a British pound collapse Our Macro commentator on the outlook for sterling
It took a North Korean ballistic missile launch and Hurricane Harvey’s devastation of the $500 billion Houston/Galveston/Corpus Christi economy to push sterling higher to 1.2950 against the US dollar. While the British pound is the most Read More >
A pile of gold coins and bars The US dollar plunge and emerging market currencies Matein Khalid brings us the latest currencies news
The US dollar plunged after Janet Yellen did not talk about Fed monetary tightening and Mario Draghi did not protest 1.19 Euro at the Jackson Hole central banking symposium. This is a green light for the carry trade in emerging market currencies. Read More >

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