The frenzy accompanying yesterday’s Facebook flotation on the NASDAQ has already had a remarkable effect on house prices in Silicon Valley.
Prices have jumped by 20% in the last 12 months as a consequence of FB employees and shareholders sniffing around local real estate. A Facelift, indeed.
If you’re thinking of investing in property in the UK, we suggest buying around the Old Street roundabout, or Silicon Roundabout, as it is now known.
Shoreditch in particular.
Who’s there? Google and Tweetdeck for starters, amongst 500 other tech start ups that could explode on to the UK stock market in future years.