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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