Topic: | Re:Re:Re:We no longer have a 'Home' Housing Market | |
Posted by: | Guy Lambert | |
Date/Time: | 05/01/15 16:39:00 |
I'm not sure what evidence there is for 'safe-deposit box' theory of overseas investors. I have no doubt some of this goes on but I'm not sure of the extent of it. There is also of course quite a lot of 'pied-a-terre' activity amongst Brits. Back in the day there was a lot of anger in the countryside about Londoners (etc) buying up all the farm cottages to use as holiday homes and pricing local people out of the market. You don't hear so much about it these days but I suspect that is simply because the battle has been lost many years ago. I have an impression quite a lot of the new flats in Brentford - where I live - are owned by people who have another place elsewhere and use them as a kind of reverse holiday cottage. But again, I have no idea what the proportion is - there's actually more evidence of British buy-to-letters, some of whom have subsequently moved abroad. Meanwhile Boris beetles around the world encouraging foreign investors to buy up London. If anybody seriously believes Ken Livingstone or any other Labour mayor would be following similarly daft policies, they would benefit from a head examination! |