Written from
transactions.
Papers on the two markets we work in. They are our own view, they carry a date, and they say plainly what would make them wrong. Free to read, and there is nothing to register for.
The Sentiment Discount
Why Prime Central London may be entering a new cycle
Prime Central London has already corrected. Values are down, rents are up, replacement cost exceeds transaction value and supply is contracting. A view on where the cycle sits, and what would make it wrong.
Dubai Real Estate 2026–2027
Apartments, villas, and the construct of a new Middle East
Dubai is no longer an emerging story but an engineered financial organism. Apartments and villas are two different psychologies, two risk profiles and two roles in a portfolio.
The London paper is critical of how Dubai was sold to a generation of buyers. The Dubai paper argues Dubai earns a place in a serious portfolio. Both are true, and the distance between them is the point. Buyers handed an eight per cent yield as though it were a property of the city rather than of a moment lost money. Capital that was structured for that market — sized, staged, and held against a position somewhere else — did not. The difference was never the market. It was the structure.