I don’t think that’s because of any exodus from Britain: I’ve seen such developments happening in various regions in Germany (where I live) and also renovation

I don’t think that’s because of any exodus from Britain: I’ve seen such developments happening in various regions in Germany (where I live) and also renovation of houses that had not been touched in the decade prior. I can’t tell whether it’s the main factor, but a big contributor at least is the lack of returns on other investments. There are big amounts of savings in Germany, and they have been diverted more and more towards real state in the last, say, five years.