Monday 7 March 2011

Kensington is being packaged and taken offshore

Right under the eyes of the British government,
pieces of the Royal Borough of Kensington and Chelsea
is being packed up and sold overseas.
And it's some of the richest pieces of real estate in the country.
Offshore companies are buying the nice Georgian stuff.
The UK isn't even getting the tax on the sale.
It's going to Bubba in the Caymans.
The British public should protest and bring those houses back.

Cos67 ¬(%^D>
Checkitout:
Dustin Hoffman's Kensington street is most expensive in UK
London Evening standard
1 Mar 2011
Residents of Britain's most expensive street told today how Hollywood stars and banking tycoons are tempted by its "village atmosphere".
Victoria Road, originally known as Love Lane, is close to Kensington High Street and contains stuccoed mid-19th-century family villas.
It is the London home of Oscar-winning actor Dustin Hoffman - described as "charming" by residents - as well as the former king of Malaysia and the Vietnamese embassy.
A single house sale of £11 million last year lifted Victoria Road's average prices to £6.426 million, the top of the annual rankings compiled by property website Mouseprice. The previous year, it was in 10th place….
But the survey does not capture some of the most expensive transactions, which are not recorded by the Land Registry because they are
conducted through offshore companies.