It’s not just London: now the whole of Britain is encircled by the property sharks
For a long while, it was primarily thought to be just the London property market that was bloated by the constant flow of foreign investment.
But an investigation by The Times has found that foreign investors are now buying up homes all across Britain, making it even harder for first time buyers who have been priced out of London to get a foot on the property ladder. The investigation found that in one of Manchester’s biggest housing developments, a staggering 93% of homes had been snapped up by foreign investors.
The investment frenzy is thought to have been fuelled by the low value of the pound following Brexit.
To find out more, read the full article in the Guardian