Shock! Horror! Daily Wail says foreign born cause 50% real estate increase in London

[AtW]

How long before we see the first billion pound house?

Won't take much longer after QE 3

[doodab]

House prices up 50% in capital hot spots in just three years as super-rich foreigners buy sought-after properties

House prices in some of London’s most sought after locations have risen by more than 50 per cent over the past three years, with super-rich foreigners behind the most expensive purchases in the capital, new research has revealed.

While property prices across the rest of Britain continue to stagnate and fall because of the economic recession, exclusive boroughs in the capital are bucking the national trend thanks to billions of investment from wealthy overseas buyers.

Prices are now, on average, 16.5 per cent higher than before the financial crash three years ago.
Demand for premium property, defined as the top five per cent of the market by value, from rich Russian, Indian and American investors, is behind the rises, estate agents say.

House prices up 50% in capital hot spots in just three years as super-rich foreigners buy sought-after properties | Mail Online

How long before we see the first billion pound house?

[AtW]

House prices up 50% in capital hot spots in just three years as super-rich foreigners buy sought-after properties

House prices in some of London’s most sought after locations have risen by more than 50 per cent over the past three years, with super-rich foreigners behind the most expensive purchases in the capital, new research has revealed.

While property prices across the rest of Britain continue to stagnate and fall because of the economic recession, exclusive boroughs in the capital are bucking the national trend thanks to billions of investment from wealthy overseas buyers.

Prices are now, on average, 16.5 per cent higher than before the financial crash three years ago.
Demand for premium property, defined as the top five per cent of the market by value, from rich Russian, Indian and American investors, is behind the rises, estate agents say.

House prices up 50% in capital hot spots in just three years as super-rich foreigners buy sought-after properties | Mail Online