Friday, Jul 02, 2010
Capital
Telegraph: Almost 70pc of London buyers from overseas
The number of wealthy foreigners buying top end homes in London has jumped by almost 20 per cent in the past year.
Posted by dill @ 12:11 PM (1159 views) Add Comment
9 Comments
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1. Deadjune said...
Ahh, what a shame... my £5m+ budget is being pushed aside by wealthy foreigners...
Can we please stop publishing news that are from another planet???
2. powerofnow said...
Almost 70% of St Ives buyers from London....
3. doomwatch said...
Less of a national worry when that dirty b0mb goes off then.
4. simon68 said...
I heard a different new about British flocks to snatch luxury properties in Kumming?
Do you know where Kumming is? It is situated in south west area in China.
5. Cashisking said...
more fool them!
6. happy mondays said...
The british bought up in Spain & helped stuff up / push up prices there...
RC Pajero
7. easybetman said...
I think this is good thing as foreigner part of their cash and bought into overpriced items (and yes, they also buy Burberry).
The Japanese bought lots of stuffs in US in the 1980s, just to return them in 1990s at much lower pricess.
8. Delboy said...
2nd homes should be taxed at a phenomenal rate.
9. tenyearstogetmymoneyback said...
easybetman I agree completely.
Years ago I read a claim that the Balance of Payments will always balance.
If (as was the case in the USA in the 1980s) the only way is to flog off the countries properties then that is what will happen.
I wonder if we can sell London Bridge again ? :-)