3 ms·
>"There's limited evidence available that it's foreign buyers primarily responsible for our high house prices" There's actually lots of evidence that hot forei
by bogomipz 9y ago
>"There's limited evidence available that it's foreign buyers primarily responsible for our high house prices"
There's actually lots of evidence that hot foreign money is driving the prices up. There's also been a trend by developers to develop properties to attract this type of buyer.
See:
https://www.nytimes.com/news-event/shell-company-towers-of-secrecy-real-estate https://www.nytimes.com/news-event/shell-company-towers-of-s...
and
https://www.theguardian.com/commentisfree/2015/jan/25/planners-must-take-back-control-of-london https://www.theguardian.com/commentisfree/2015/jan/25/planne...
and
http://www.miamiherald.com/news/business/real-estate-news/article69248462.html http://www.miamiherald.com/news/business/real-estate-news/ar...