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September 24, 2006

Clintons $500,000 speech this week at Royal Albert Hall in London

London - Former American President Bill Clinton will earn approximately $1,500,000 for just three speeches in London and Dublin this month. This makes Mr Clinton, the highest-paid public speaker in the world. His fees can go up to $600,000 a time. Bill will be the first major American statesman to travel across the Atlantic since an alleged plot to blow up flights from the UK to the US was foiled.

Bill Clinton will be speaking about the threat of global terrorism and of his life in office at a seminar at the Royal Albert Hall on September 26. He will address leaders of industry and the public in what has been described in the promotional brochure as a 'lively discussion and debate' on current affairs, commerce and politics.

Tickets for Mr Clinton's speech will cost between $110 and $700 each. The venue he is speaking at seats approximately 5000.

Also on Tuesday, he will speak on global poverty and environmental issues to 500 very wealthy individuals, including the famous actor Michael Douglas and the ultra environmentalist Zac Goldsmith, who have paid $1,900 a head for the launch of Fortune Forum Summit - a nonprofit organisation aimed at influencing social changes.

On the 27th, Clinton will shoot over to Dublin and will be guest of honour at a lunch at the Burlington Hotel. Guests will pay $2000 for a pair of tickets. Tickets to Mr Clinton's events are usually bought by corporations as investments in employee morale-boosting.

The former President's money-making efforts have been so prolific it took just two years to pay off his legal debts after leaving office in 2001. A large portion of these legal debts came from his activities such as getting blown in the oval office.

Bill and his wife Hillary - a Senator for New York - own 2 very expensive houses, one in Chappaqua, New York, for Bill and one in Washington for Hillary's use. Bill's paltry $150,000-a-year pension would not cover the mortgages.

He negotiated a a $10 million advance on his memoirs - published in 2003 - and began a schedule of delivering 200 speeches a year.

Insiders say his prices varies between $200,000 and $600,000 and he keeps the cash for about a quarter of the speeches. The rest of the money goes to his Foundation, which has a budget of $40million a year raised from private donors. The rest are free, to support political causes or raise funds for other charities.

September 05, 2006

Apartments in London Surpass New York as the Worlds Most Expensive.

London apartments are now the most expensive luxury residential real estate in the world according to a report published last week by CB Richard Ellis. The report showed that prime residential real estate in Neighborhoods such as Chelsea, Belgravia, and Notting Hill has been selling for an average of $2282 per square foot (19,200 euros per square meter) vs. New Yorks prime real estate off of Central park which is only fetching a Paltry $1900 per square foot (16,000 euros per square meter).

The nosedive in valuation of the US Dollar certainly isn't helping the situation, but a couple of other factors are effecting this. According to economists from Nationwide Building Society a lot of the demand for this prime real estate is coming from new rich oil money. Most of the new buyers are coming from Russia and the Middle East. That being said, currency is certainly the strongest factor at play here. If you take the current prices and go back to 2003 when the average exchange rate was USD 1.58 per one pound and plug in the latest sales numbers, New York would still be the most expensive.

Those waiting for "Bubble to Burst" in Manhattan are going to have to keep waiting. There have been 17 interest rate increases and a 15% slowdown in number of sales. Yet this has done nothing to negatively effect prices which are essentially flat with those of last year. Meanwhile in London the Froth continues to bubble. Prices in 2006 are averaging 15% higher than last year. This could be coming to an end soon as the bank of England just raised rates last week to 4.75% from 4.5%.

Another factor driving London real estate prices higher is their low unemployment rate coupled with their newly adopted open immigration policy with EU member countries. Citizens of poorer eastern european countries such as Poland can move to London with no special documentation or visas necessary. In Poland the unemployment is rampant yet in London the Unemployment continues to come in below 5%.

August 22, 2006

Stylish living on a budget in Chiswick, London

If you can't afford the astronomic prices of Belgravia, Flats near the Chiswick tube station can be letted at a price your bank account will thank you for. This flat was letted out a few weeks ago for 265 pounds per week. Which is higher than last years rates but you can still find deals for prices in this range in Chiswick.


The flat came fully furnished and was available on either short or long term lease. (The tenant in this case opted for the longer term.) Chiswick is a nice and safe working class neighborhood. It is only about one hour on the tube to Central London.

Continue reading "Stylish living on a budget in Chiswick, London" »

August 19, 2006

What kind of apartment does 24,000 Pounds per month buy in Central London

Penthouse in Notting Hill

This beauty will be available starting June 26th for a weekly rental price of 6,000 pounds. For those of you that are reading this from the United States it comes out to about $40,000 US Dollars per month. It is a 3 bedroom Penthouse with a wraparound terrace. It has 3 bathrooms, a garage and comes fully furnished.



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