Tuesday, Jun 05, 2007
Foreign investors profit from our misery
LandlordExpert: The UK housing market - Whats the real story?
"investors from around the world are profiting by the current housing boom in the UK. The demand for homes in the UK has not been flamed by immigration or people moving to London. Homes in London have not breached the 1 million pound mark because people with City bonuses are moving closer to the square mile. Instead, several reports indicate that investors do not even live in the UK. The build of the big buyers are foreign investors who want a 'sure thing,' and the UK housing market promises that. In the end, who are they making a fortune from? The residents"
Posted by confused76 @ 01:49 PM (136 views) Add Comment
5 Comments
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1. Mike said...
This newspaper article is a load of crap, makes no sense and no real observations... when will people accept it is on its way down, yes the big c word, housing is crashing albeit only is some areas like NW england, however it will spread
2. Blah said...
What appalling English !
Such an "article", if it can even be called that, cannot be taken seriously.
3. confused76 said...
... ok, ok, the article is cr@p and won't win the Pulitzer, but the point that the big bucks are made by foreign investors thank to lenient UK tax and capital rules (and enforcement) ... with that I agree completely.
4. Matt said...
Utter tommyrot!
Where do all these mystery buyers come from?
Laugh at these buffoons when they are out on their ear in a few months time.
5. Fedupwith House Prices said...
Selfish greedy bastards!