12.12.2012 - Britain is becoming a nation of renters as overseas investors gobble up the housing stock
According to someone from a leading international firm of estate agents I was sat next to at dinner the other night, around 60pc of all new build apartments in London these days are sold to foreigners for investment purposes mainly, south east Asians. It is surely a good thing in some respects that London is considered to be such an attractive investment option for rich overseas nationals actually maybe not so rich any longer; demand for a London pad has spread from the rarified ranks of the world's super rich to those of only modest wealth...............................................Full Article: Source
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