London Wealthy Leave For Country Life As Prices Rise

Crest Nicholson Says U.K. Way Off Housing Bubble

But it seems Jay Z and Chris Martin are far more down to earth than ever expected as just hours before whipping out there Oyster cards the music giants were seen taking a stroll in North London. Looking less like music stars and more like your average Joe the close pals made their way to a business meeting once again via a surprising mode of transport – by foot. On foot: Chris Martin and Jay Z were seen walking around London on Saturday before catching the tube Low-key: Both Jay and Chris looked very unassuming as they made their way to a business meeting before the show As per usual Chris looked very dress down and could have gone unnoticed with his worn jacket and cap. Even Mr Carter looked understated, with the only sign of his rapper status being the gold necklaces around his neck. Later that day 43-year-old Jay was spotted travelling on Londons underground with Chris Martin producer Timbaland, manager Ty Ty and Atlanta Records executive Michael Kyser. Catching the Tube: Jay-Z and Chris Martin use the underground after performing at the 02 arena in London The stars were spotted arriving at Waterloo train station so that Jay-Z could catch the Tube to his sold-out Magna Carta Holy Grail Tour. After stunned commuters realised who was travelling in their carriage, they expressed their surprise on Twitter. One traveller wrote: Coming off the tube and I see Jay Z casually walking up the next escalator next to me EVERYONE GOES NUTS!! WTF??! Unexpected: Jay-Z, Chris Martin and producer Timbaland gave commuters a surprise as they took the Underground Hanging around: Rapper Jay Z was seen patiently waiting for the Tube with his entourage Another added: So jay Z gets on a tube to his own concert LOOOL about 500 ppl just ran after him Coldplay singer Chris Martin also treated fans at the concert, by joining Jay-Z on stage to perform Ain’t No Love (Heart Of The City) with Timbaland. The surprise performance proved a hit with the audience, with one fan tweeting: Jay z, Chris Martin & timberland!!! Not bad for a Friday night, Trailer for Jay Z documentary Made in America Another concert-goer said: The Jay-Z show last night was absolutely amazing and then 2 songs from the end he brings out Chris Martin from Coldplay #unbelievable. This is not the first time that Jay-Z has caught the train. Last year, he took the R train in New York to his concert at the Barclays Center. Other celebrities who have been spotted on London’s Underground have included Rihanna, Muse’s Matt Bellamy, Florence Welsh, Kim Cattrall and Game of Thrones actor Richard Madden. Meanwhile, Jay-Zs anticipated Made In America documentary premiered on Friday. The docu-film takes a behind-the-scenes look at the Made In America Festival, with commentary and performances by Jay Z, Janelle Monae, Odd Future, Gary Clark, Jr., Jill Scott, Run DMC and more. Another fan of the Underground: Rihanna wore a pair of thigh-high leather boots at Waterloo station in January Relaxing on the Tube: Game Of Thrones star Richard Maddenon is another public transport user

London now a key Islamic finance centre

luxury homes had plunged in the wake of the 2008 collapse of Lehman Brothers Holdings Inc. and the ensuing credit freeze and recession. Average prices of homes in Londons most expensive neighborhoods fell 25 percent in 2008, while those in the countryside declined 20 percent, Knight Franks Bailey said. Mortgages of more than 500,000 pounds to home buyers dropped by almost 50 percent between 2007 and 2008, according to the Council of Mortgage Lenders . Affluent Foreigners Londons property market began to recover in 2009, in part because of affluent foreigners seeking a haven from turmoil in the Middle East and the wider European debt crisis . These buyers, attracted by mansions a short walk from Harrods and Buckingham Palace, helped push the price of luxury homes in central London up 23 percent since their last peak in the autumn of 2007. Prices of prime country homes remain down 20 percent, according to Knight Frank. Now the recovery is spreading beyond London. The number of homes sold in the U.K. reached the most in nearly four years in July, according to the Royal Institute of Chartered Surveyors . That helped push the value of prime country homes up for the third consecutive quarter, Knight Frank said. House prices in affluent areas about an hour from London climbed 1.6 percent during the three months, while those in the remainder of the south of England climbed 1.2 percent, according to Savills.

London terror suspect arrests: Four men held by armed police in dramatic swoops

It is understood all were being monitored by the security services when the decision was made to arrest in the interests of public safety. It is not known how close they allegedly were to carrying out an attack or if they had specific targets. They were last night being quizzed at south London police station. Six addresses across London were raided and searched. Police would not reveal the ages or ethnicity of the men. It is not know if any further arrests are planned. Roads were closed around the areas where the arrests were made. No shots were fired during the operation. A man who witnessed the arrest on Westbourne Grove – a street lined with restaurants and boutiques – said what unfolded was quite a scene. The man, who did not want to give his name, said: “Well, I walked by and it seemed to be a couple of guys being arrested. There were three.” The man said the men “looked white” and were “up against the wall”. He added: “And there was quite a lot of police. There was quite a scene as I approached.” A Met police spokesman said: At approximately 19.10 today (Sunday, 13 October) four men were arrested on suspicion of the commission, preparation or instigation of acts of terrorism under the Terrorism Act 2000 (Section 41- 1B).

Just like the rest of us! Jay Z and Chris Martin stroll the streets of London before catching the Tube to gig at O2 Arena

Another fan of the Underground: Rihanna wore a pair of thigh-high leather boots at Waterloo station in January

It is important for us to learn from this country in terms of whats being done here in the Islamic finance sector, he said. Clark said Islamic finance assets in London is today estimated at 19 billion (RM96.9 billion), and that is why the UK is willing to develop the sector even further. UK also offers a secondary sukuk market which is today valued at US$5 billion (RM16 billion). We have taken some efforts as the UK government to remove, for example, some of the dual taxation policies and extend tax reliefs to the Islamic finance sector, Clark said in an interview during the recent Kuala Lumpur Islamic Finance Forum. London has 20 international banks and they are offering Islamic financial services. Six of these are fully Shariah-compliant, the minister said, adding that the UKs largest accountancy firms have a Shariah expert providing advice to UK and international financiers on Islamic finance. Londons interest in Islamic finance dates from the days of the HSBCs push to serve its Muslim customers with Islamic finance products in 2003. However, 10 years later in 2013, the UK government launched its first Islamic finance task force, co-chaired by Clark and Baroness Warsi, a senior Minister of State at the Foreign and Commonwealth Office. The task force will help to cement Londons status as the western hub for Islamic finance by showcasing the UK as the preferred choice for the Muslim world to invest in and do business with, a statement from the www.gov.uk website said. It also indicated that the task force will support development of the UKs Islamic finance sector, increasing inward investment and strengthening the economy. The task force will include major industry figures to ensure that the UKs offer is promoted at home and abroad by both the public and private sector, the statement said.