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1、Lesson19Presenter:Thisweek'sfinancialtalkwillbegivenbyourpropertyexpert,JamesMilligan,whoisheretotellusaboutsomesurprisingnewdevelopmentsintheLondonarea.JamesMilligan:Goodafternoon.Notsoverylongagoitwouldhavebeenreallyunusualtopay￡1millionforahouse.Unfortunatelythis
2、isnolongerso.Declineintherealvalueofmoneyoverthepastfewyearshasmadepropertyvaluesrocket.Thecheaphouseisathingofthepast.Now,thesaleofa￡1millionhousenolongercausessurprise,norisitlikelytobethesubjectofanewspaperarticle. Whatexactlycanweexpecttogetfor￡1milliontoday?We
3、ll,firstofall,space,ofcourse.Livinginlargecitieshasmadeusalltiredoflivinginthosecrampedlittlehousesandflatsbuiltjustafterthewar.Wenowwantspace;spacetoliveandrelaxin,preferablywithagarden.Andthis,ofcourse,iswhatputsthepriceup.Anotherreasonforneedingspaceisthefactthat
4、wehavelargerfamiliesgrowingupunderoneroofandevenquitesmallchildrendemandtheirownroomthesedays,whileteenagersmaydemandanextraroomwheretheycanentertaintheirfriendsprivately.Alsothetrendofgoingouttoeatisdyingoutduetorisingpricesofrestaurantandtransport,sopeopleareoncem
5、orebeginningtoentertainanddineathome,whichrequiresalargerdiningroom.TherearenumerousnewdevelopmentsinLondonatthemomentwhichcanprovideallthisandmore—ifyouhavethemoney! AtthemomentthemostfashionableplacesseemtobetheBarbican,StJohn'sWood,Morgan'sWalkinBattersea.People
6、wantingquietintheeveningtendtoprefertheBarbicansituatedinthebusinessheartofthecityandthereforefairlyfreeoftrafficintheevenings,althoughseveraltheatreshaveopenedtherelately.TheBarbicanisalsoforthosewholikelivinghighup,accommodationbeingsituatedmostlyintowerblocks.StJ
7、ohn'sWood,ontheotherhand,isfavouredmostlybyupper-middleclassfamilieswhopreferadetachedhousesurroundedbyawalledgarden,thusensuringtheirprivacy.Gardensofcoursetendtoraisethepriceofaproperty.ThosenotinterestedingardeningcanchoosefromthegrandmansionsinBatterseawhereyoug
8、etawonderfulviewoftheThamesandarestillonlyafewminutesawayfromLondon'stheatresandshops. Lookaroundandtakeyourpick.Oh...justmakesurethatyou
