40% In London

mayonnaise

Seabee42 wrote: »

Note other countries do bar non natives from buying housing and it does work.

Which countries?

Bantex_2

mayonnaise wrote: »

I see. Are indigenous absent investors also bad, or just the foreign ones?

Either are not that desireable.

Bantex_2

mayonnaise wrote: »

Which countries?

I believe non citizens or residents are precluded from buying urban property in Australia in most cases.

Then again the Aussies do have a reputation for looking after their own.

mayonnaise

Bantex wrote: »

Either are not that desireable.

So it's about absent investors.

Why do you keep harping on about foreigners then?

JencParker

CLAPTON wrote: »

it would perhaps be better if people were more precise about what they disliked

e.g.

-people (whether UK or foreigners or companies) buying property to keep empty (either capital appreciation or simply money laundering etc)

-similar but buying for occasional use (second homes)

-similar but for letting purposes

etc

All of the above, but the first most of all.

Bantex_2

mayonnaise wrote: »

So it's about absent investors.

Why do you keep harping on about foreigners then?

I don't but this thread started quoting a BBC radio report about foreign investors. You seem to read racism into just about anything anyone says. Do you have sort sort of issues we should know about?

CLAPTON

JencParker wrote: »

All of the above, but the first most of all.

why do you hate people who rent so much?

chucky

CLAPTON wrote: »

did we ever establish the actual number of foreign buyers in London?

do we know how many of the foreign owned properties are left empty?

do we know how many new builds in London are directly funded from abroad?

The answer to all of these is no but Bantex seems to have all the answers apparently.

Bantex wrote: »

But the number of foreign buyers in Clapham, Battersea etc is forcing the better off UK workers to buy in some of the areas you mention, thereby pushing up prices.

All we need is for him to back up his claim that the reason house prices have risen in Clapham and Battersea is because of foreign buyers...

mayonnaise

Bantex wrote: »

I believe non citizens or residents are precluded from buying urban property in Australia in most cases.

Then again the Aussies do have a reputation for looking after their own.

Had a quick look and it seems like the Australian system is more focused on residence than citizenship?
So we agree that the issue is absent investors and that whether they are foreigner or not is - although a huge issue for you - actually quite irrelevant?

mayonnaise

Bantex wrote: »

I don't but this thread started quoting a BBC radio report about foreign investors. You seem to read racism into just about anything anyone says. Do you have sort sort of issues we should know about?

This thread started with you saying it's 'getting out of hand'
What is getting out of hand? The absent landlords in London? Or just the foreign ones?