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Eric Watson plots possible bankruptcy and TV series from post-prison Ibiza

He’ll be heading to Barcelona soon and then Germany to stitch up a big deal he s working on. “Property deals are good because you can benefit off the system where if you ve got a decent group of investors and you ve got an asset that s yielding 5 or 6 per cent and you can borrow money at 1 or 2 per cent..it s a ‘no-brainer’ that s why the property market globally are booming, Watson tells Stuff on a video-call which is periodically interrupted by the loud whirr of his teenage son working the coffee machine nearby. “We re in the era of super-money where there s so much money available that it floods into assets that are not growing the economy they re just growing the asset value.”

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