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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Ashraf
I would not apply the term "laundering" to Arabs because the money is mostly legit (simply rich).
Laundering is mostly applied to illegal money, such as from the gangsters you mentioned.
Egyptians, Syrians and even Libyans are also stepping up their purchases in London.
But the Qataris remain the the most aggressive. One Hyde Park.
Greeks are known for sending their kids to school, university etcc, buying them expensive apartments etc.
And of course, not to mention the CHinese.
So basically, v hard for those prices to come down. But mortgages may become a tad cheaper as QE2 kicks in.
Ashraf