One wonders why Victoria Beckham felt the need to blow £1 million on a shopping trip in Milan when she is well established in London, also known as shoppers’ paradise. The spice girl turned style icon brought home loads of designer shoes, handbags and dresses but, as any central London estate agent can tell you, she could well have stayed in her home country.
Part of the reason why central London property is in demand is the area’s big city life conveniences such as close proximity to Oxford and Regent streets. Shopaholics and those who tend to spend flock to London to indulge their habit, particularly round this time of year.
The National Association of Automobile Manufacturers (Naamsa) predicts an increase of 6.5% in sales of new cars for 2010 as global credit markets begin to thaw. The local economy has officially moved out of recession but activity is still slow as households and businesses continue to spend carefully.
Car dealers, manufacturers and motor industry executives in South Africa anticipate the release of the complete sales statistics for 2009 later today. Figures released for November 2009 indicate a 27% decline in new car sales compared to November 2008. December is usually the slowest car sales month of the year and the numbers released today are likely to indicated further decline.
