>There seem to be a lot owned by international investors just for sitting on housing to have it appreciate. Having previously lived overseas in an expat hotspo

>There seem to be a lot owned by international investors just for sitting on housing to have it appreciate. Having previously lived overseas in an expat hotspot / money laundering hub, I'm far more skeptical that international "investors" are buying homes for capital appreciation. They are: - Sheltering cash (legit and or ill-gotten) from their home regime - Laundering cash... where even a capital loss doesn't really matter. A newspaper in said former country of residence loves to report on big loss making transactions. Normies chuckle that a rich a person is "losing money." The fact is that someone is just taking a loss on cash that is now completely legitimate. Why mention this? Because viewed through the lens of a home buyer / occupier, the market participants mentioned above pay a premium which distorts the markets. Massive capital losses are no big deal when the alternative is no capital.