City bonuses to be spent on property in 2008

City executives are expected to spend their Christmas bonuses on property, particularly overseas property, rather than splashing out on luxuries. The global credit crunch has caused a number of major financial institutions to make major write downs worth billions of pounds and the bonuses paid to their staff are likely to be much lower than in recent years. However, experts at The Homebuyer Show expect much of this money to be channelled into investment opportunities such as property, rather than being frittered away on holidays and expensive cars. Many experts have predicted a fallin...