Property News · April 8, 2017

It’s no longer just London: now Britain is encircled by the property sharks | Deborah Orr


Once the capital was the prime target for foreign speculators, now it’s all our major cities. We could have stopped them, but we didn’tA single generation transformed London into a capital where no person with normal resources could hope to own a modest home. It transformed London into a city where young people couldn’t start their careers, unless they had parents who could help them out. It transformed London into a place where every flat was in a block of “luxury apartments”, its price arranged in some weird dimension that had absolutely no connection to the wages paid at the coffee shop on the ground floor. Related: Don’t blame foreign investors – the roots of the housing crisis lie closer to home | David Madden Continue reading…

Source : theguardian.com
Read more…It’s no longer just London: now Britain is encircled by the property sharks | Deborah Orr

You may also like...