The world is full of corrupt oligarchs looking to smuggle their money out of their countries and put it somewhere where the rule of law that they have helped to dismantle at home still reigns; a favourite safe asset class is luxury housing in major cities, which is viewed as easy to sell on short notice due to the large supply of other money-laundering oligarchs. Read the rest

The incredible human misery on display at the workhouse attached to central London's Middlesex Hospital inspired Charles Dickens to write "Oliver Twist"; now, Camden council has granted a developer permission to develop the site into luxury flats (just in time for the luxury flat crash!), in exchange for a commitment to build some below-market-rent social housing flats, which will be accessible through "poor doors." Read the rest

Henley Homes got permission to build a 149-home development on the site of the Baylis Old School complex on Lollard Street by promising to include some subsidised, below-market-rent units and "a network of courtyards and open spaces ... which will provide attractive areas for informal play. This will emphasise the sense of community within the scheme stressing that the common areas are there for the use of all the residents." Read the rest