Tuesday, September 24, 2013
Interesting.
Immigration drives DOWN house prices, says study.
Immigration drives down house prices, according to startling new economic research. Dr Braakmann’s research identified two reasons for the effect: local people move out of an area as immigrants move in and migrants tend to live in more crowded housing conditions, meaning they take up less space.
One thought on “Interesting.”
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mark wadsworth says:
Up to a point, but if there is “white flight” then all things being equal that pushes up prices in “white” areas, so overall the effect is negligible.