70% of London property now owned by foreigners

Discussion in 'Property Market Economics' started by Chilliblue, 27th Jan, 2016.

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  1. SeafordSunshine

    SeafordSunshine Well-Known Member

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    In my opinion, this is the reason for the housing issues in the UK,
    Banks loan to people who don't need it!
    :confused:
     
    SeafordSunshine, 29th Jan, 2016
    #21
  2. Esel

    Esel Well-Known Member

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    I think prices have gone up because theres so much money swishing around at the top. Its certainly not average wage growth that has pushed prices up. There are lots of professionals with 6 figure bonuses and lots of billionaires/millionaires buying up top end properties. Thats why prices can completely divorce from average wages. I think the same would happen here if the government ever relaxed the rules about foreign ownership.
     
    Esel, 30th Jan, 2016
    #22
  3. Omnidragon

    Omnidragon Well-Known Member

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    What a multicultural city
     
    Omnidragon, 2nd Feb, 2016
    #23
  4. New Town

    New Town Well-Known Member

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    I agree, the title of this thread is misleading
     
    New Town, 3rd Feb, 2016
    #24
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