This month’s financial news round-up includes the latest on house prices, a surge in demand for luxury dwellings in Dubai, and developments that should make whiskey collectors raise a glass in celebration…
Whiskey proving a wise investment
Amid the economic uncertainty, an increasing number of people are seeing fine and rare whiskey as a secure investment — the value of collectable single malts is up by a fifth over the last year. What’s more, whiskey accounted for 75% of all Scottish food and drink exports in 2021.
UK house prices plummet
A quarter of all properties on the market have had their asking prices reduced from the original value, a new report by Zoopla has found, with house prices predicted to fall by 5% next year. The south of England has seen the most significant valuation decreases.
Dubai buy buy
Meanwhile, anyone who’s splashed out on a luxury Dubai pad looks set to see their property value surge by as much as 13.5%. According to Knight Frank, the pricing boom can be attributed to foreign buyers’ keen interest in the market.
Rover priced?
A 2009 Land Rover Defender with one lady owner was sold for nearly nine times its value at an auction in Berkshire this month. The £43,000 price tag may seem steep for a 3.0 litre V6 model, which usually sells for £5,000. But then again its former owner did happen to be Queen Elizabeth II.
Visualising all the world’s money and markets
How much is the Cryptocurrency market worth in relation to all the world’s coins and bank notes? How wealthy are the planet’s top five billionaires compared to the rest? What’s the combined wealth of all the households in Europe? The answers to these questions and more in this simple, yet staggering visualisation.
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