London Land Beating Luxury Homes Creates Rate Risk: U.k. Credit

London Bombing Widow Sought by Interpol After Kenya Attack (1)

London Bombing Widow Sought by Interpol After Kenya Mall Attack

She had fraudulently obtained a South African passport in the name of Natalie Webb, according to yesterdays Interpol statement. Newspapers in Africa and Britain have speculated that Lewthwaite was involved in this weeks raid on a Kenyan mall in which at least 67 people and five attackers died. Kenyan Foreign Minister Amina Mohamed told U.S. broadcaster PBS that a British woman who has done this many times before was involved in the attack. Theres been no official confirmation on Lewthwaites involvement. The Somali-based militia al-Shabaab claimed responsibility for Kenyas deadliest attack in 15 years, which began when gunmen stormed the upscale Westgate mall in Nairobi on Sept. 21, lobbing grenades and spraying gunfire. Al-Shabaab leader Ahmed Godane warned of more bloodshed unless Kenya withdraws its forces from Somalia, where theyre deployed to combat the Islamist group. Johannesburg Homes Lewthwaite, the daughter of a British soldier, was married to Jamaica-born Germaine Lindsay, who like her was a Muslim convert. He was one of the four perpetrators of the July 7, 2005 attacks on Londons transport network — exploding a device on the Piccadilly Line between Kings Cross and Russell Square, killing 26 people. Using Webbs identity, Lewthwaite traveled in and out of South Africa between July 2008 and February 2011, when the passport was canceled, Home Affairs Minister Naledi Pandor told reporters in Pretoria yesterday. Webbs U.K. family didnt immediately respond to telephone messages seeking comment. Lewthwaite rented a property in the Muslim-dominated area of Mayfair in Johannesburg, according to publicly available rental records.

Google Seen to Draw More Tenants to Central London

In cities like London, where theres a scarcity of development land, values are more sensitive to economic changes, Michaelides said. Land scarcity makes the response to fundamental shocks a lot more volatile, Michaelides said in an interview. It is a risk that the Bank of England should be taking into account when they make their policies. Prices for luxury homes have soared in recent years as the debt crisis in the euro region and uprisings across North Africa made London property a haven for international investors. Prime London residences have risen more than 60 percent from their low in 2009, according to broker Knight Frank LLP. Political Pledges With rising prices across the U.K. putting home ownership beyond the reach of young Britons, political parties are pledging to ease planning curbs and build more homes. The opposition Labour Party said this week it would allow local authorities to charge developers that dont build on land that has received building approval. Chancellor of the Exchequer George Osborne has been promoting home ownership by assisting buyers and making mortgages easier to obtain as he seeks to revive the U.K. economy. Despite those efforts, approvals to build new homes in London fell about 15 percent in the first half from a year earlier, according to data compiled by researcher Glenigan for the Home Builders Federation. Wider Margins Homebuilders were the main beneficiaries of the fall in land prices that followed the financial crisis as they boosted profit margins by developing plots acquired at a discount.

Zaha Hadid Ponders Returning London’s Serpentine, Iraq

Architect Zaha Hadid Wants to Build More in London

Before, I wasnt successful, so they just made fun of my clothes, my this, my that, she said. Now, especially in the U.K., you are hated if you are supposedly successful or well known, because they assume you are corrupt, decadent. Hadid said she couldnt tell how much of that was misogyny. In general, though, people just assume that because youre a woman, youre a second-class citizen, she said. And thats not going to fly with me. Although Hadid has a third building in the U.K. capital –a secondary school in Brixton, for which she won her second RIBA Stirling Prize in 2011 — shes keen for more. I would like to do something in London, because its where I live, she said. I have so much expertise on London. It would be good for it to manifest itself somewhere. The Serpentine Sackler Gallery is named after the Dr. Mortimer and Theresa Sackler Foundation, a major donor. The gallery and its opening exhibition were sponsored by Bloomberg. (Farah Nayeri writes for Muse, the arts and culture section of Bloomberg News. The opinions expressed are her own.