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Trampa501

Foreign-Owned Schemes In London

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http://www.theguardian.com/society/2014/dec/26/londoners-miss-out-as-foreign-investors-buy-up-home-sites

Sites for close to 30,000 homes are owned by just 10 investors in Hong Kong, China, Malaysia, Australia, Singapore and Sweden, sparking warnings from politicians and housing industry experts that too many are being built to act as “safe deposit boxes” for international investors rather than for Londoners in housing need.

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Of course they are, the British Government is supporting the market in spite of a deflationary environment. Its a one way bet!

We are governed by morons.

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