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

Steelers make adjustments for London trip

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. Development land values for the country overall are 50 percent below their 2007 peak, Savills said.

Google Seen to Draw More Tenants to Central London

Whos your favorite current Vikings player? I will go a little against the grain and not say Adrian Peterson . My favorite player is Chad Greenway mainly because I am pretty big Hawkeye fan and its awesome to see Chad playing for my favorite pro team. How big a hole is this going to blow in your budget? Pretty big. The flight alone was expensive, and we are also going to Germany to visit my cousin and go to Oktoberfest so its not going to be cheap. Gary Wieser, MINNEAPOLIS What size is your group? There are four of us in our group: my sister Holly Lammers, brother-in-law Keith Lammers, and another teacher friend, Gina Keenan. How big a hole is this going to blow in your budget? You know how people say that teachers have the summer off well, we didnt! We worked several extra gigs to help pay for this trip. Plus we had to use personal days that we saved for the last five years to be able to get out of school. Are you unhappy the team had to give up a home game to play in London? We would be unhappy if we WERENT going!

London Calling: Checking in on fans headed to the Vikings game

The downside to that is the Steelers will be on 3 a.m. time Friday when they arrive in London at 8 a.m. Theres nothing you can really do to prepare for jet lag, Steelers safety Ryan Clark said. Theres nothing you can really do to prepare for that time change. Not that the Steelers wont do all they can to minimize he adverse effects on both fronts. Clark is among a group of players who are paying their own money to fly massage therapists and acupuncturists to London. The Steelers training staff, meanwhile, put together a list of places in London where players can get such treatment in advance of the game on Sunday. A lot of us are get our bodies worked on the day before the game, before the game, said Keisel, who regularly gets massages. Those are little adjustments you have to make. Another example of such adjustments could be seen in wide receiver Antonio Brown ‘s outfit for the flight to London if you look hard enough. Brown planned to wear compression socks, which ward off swelling in the calves and prevent cramping after a long flight. He also planned to use IVs provided by the Steelers training staff to stay properly hydrated. Dehydration after a long flight and a significant time change is one of the biggest travel concerns that the Steelers have. Combatting it also produced something of a conundrum to players who wanted to drink enough water on the plane but not too much that they would not be able to sleep because they had to keep going to the bathroom.

NFL exec: London getting ‘huge game’ of winless teams


Yes, Steelers QB Ben Roethlisberger did his share of offseason promotional work in London, including this shot in front of his namesake, to market the league. Lefteris Pitarakis, AP Fullscreen The Jaguars and 49ers will meet in London on Oct. 27, marking the first time two games have been played there in the same season. The Jaguars will “host” a game in England each of the next four seasons as owner Shad Khan tries to expand the team’s international footprint. Lefteris Pitarakis, AP London’s 6-year-old Wembley Stadium has become the NFL’s primary European venue. It holds approximately 86,000 fans for American football and never fails to quickly sell out. Kirby Lee, USA TODAY Sports London gets a mini-makeover when the NFL comes to town. Matt Dunham, AP NFL-sponsored fan rallies at Trafalgar Square are part of the festitivities. Matt Dunham, AP The games come complete with pomp and pageantry. Kyle Terada, USA TODAY Sports Before exporting regular-season contests as part of its International Series, the NFL regularly staged preseason games in England, Germany and even Japan. The league also supported a minor league called NFL Europe. Katsumi Kasahara, AP The International Series actually kicked off in 2005 when the 49ers faced the Cardinals in Mexico City, the first time a regular-season game was played outside U.S. borders. Marco Ugarte, AP S Robert Griffith’s Cardinals trounced the 49ers 31-14 at Azteca Stadium in front of a record crowd that exceeded 103,000. Claudio Cruz, AP Fullscreen The Bills have been farming out one regular-season game per season to Toronto since 2008 in a bid to expand their regional presence outside of Buffalo. Unfortunately for the Bills, they’re only 1-4 in “home” games at the Rogers Centre in an event that’s been met with tepid local enthusiasm and overpriced tickets. Rick Stewart, Getty Images But the International Series’ flagship affairs occur in London, beginning with the Dolphins-Giants matchup in 2007, which came complete with a 26-foot statue of Miami defender Jason Taylor. The game was the NFL’s first regular-season foray outside North America. Ben Stansall, Getty Images The contest itself was nothing memorable, plagued by rain and a waterlogged Wembley field that didn’t hold up very well under the damp conditions. Richard Heathcote, Getty Images QB Eli Manning’s 10-yard TD run helped give the Giants a 13-10 win during a season that later produced a Super Bowl XLII victory for them. Richard Heathcote, Getty Images Perhaps the most entertaining installment came when the high-powered offenses of the Saints and Chargers converged at Wembley in 2008. Nick Laham, Getty Images Saints WR Lance Moore celebrates a 30-yard TD reception in a game New Orleans won 37-32, the most points ever scored in an international game. Matt Dunham, AP England got a taste of New England football when Tom Brady’s Patriots trounced the Buccaneers 35-7 in 2009. Brady passed for three TDs. Kirby Lee, USA TODAY Sports The Brits got a full dose of Broncos QB Kyle Orton (8) in 2010 rather than experiencing the play of then-rookie Tim Tebow. Kirby Lee, USA TODAY Sports WR Michael Crabtree and the 49ers were too much for Orton’s Broncos, winning 24-16. Alastair Grant, AP Fullscreen The Buccaneers, who are owned by the Glazer family (they also control world-famous soccer club Manchester United), were back in 2011. But they fared no better against the Bears, who won 24-18 as RB Matt Forte racked up 183 yards from scrimmage and scored one TD. Kyle Terada, USA TODAY Sports Brady and the Pats invaded again in 2012. They faced a Rams squad that had initially agreed to play three “home” games at Wembley but later backed out given their tenuous stadium circumstances in St. Louis. Kirby Lee, USA TODAY Sports Fullscreen Patriots TE Rob Gronkowski stole the show in a 45-7 wipeout of the Rams, catching eight passes for 146 yards and two TDs. In his Gronk save the Queen performance, the tight end mimicked a member of the Queen’s Guard after one of his scores — or, in Gronk-speak, “That little nutcracker dude that’s guarding the house.