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Safe as houses? Is foreign cash fuelling a London bubble?

Thursday, March 13, 2014 - 03:30

Mar. 13 - It’s not just the international über wealthy. Outside prime London, growing numbers of middleclass Asian investors are buying new-build flats. Experts analyse a trend that’s turning political.

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And that Asia -- investors can buy a plan apartments -- 6500. Miles away and London. As they pages tonight frank say they've seen 76 December while for an intestinal posse and affect prices of bonds and increased at more than double the UK average at twenty -- taken some expense of -- is forming a bubble. There -- degrees. According to which you might side might say that it's basically distorting the market is. And creating. Valuations which -- just unrealistic so to that extent. And I think it is quite strange so I wouldn't really. You want to assume that -- us what you want to counter rising and its car right something is going to happen. Others argue that foreign investors want the cachet of crichton's Central London properties. -- -- -- 6000 facilities kids. It's a tiny bucket to spread it to be secure and self contained. News is it will not connote a couple situation and the reason for that can sit in the last fifteen years. We've seen -- an average -- In Central London of about 9%. And if you look back at Las Vegas. We on the same trend line. But that's prices empire in London hit the stress is bad. Why did it on its potential for price grace is attracting new freeze it gives -- an investor that must not be about vacation and then looking for reds and attendance. Up until the last 23 years is beginning to branch out but I think the at the Coleman. Factory and is the -- that is very much focused on you bill. The -- really makes -- investment information the current time. I'm Moses invested lured into keeping you build products. In -- won't saying see you may get -- industry. -- beds of any developments in the capital assault as far as -- None demand -- -- an -- -- that money funds construction. And tackles -- chronic housing shortage. I'm trying to say that dishing out press time biased and driving up friends. There's a huge difference between him with the investments in the new industries -- -- is in London. And simply say -- these investors or other investors snapping up housing which is -- them any less than city. -- 878 zooming past price increases. In London and ensuring that we have a housing market that doesn't meet the needs of water level as. -- Obama so London's soaring house prices have become a political -- that take take him. Finance this the Joseph Joseph brown has pledged to Jim thanks a couple of games tied for the artist and I think they. Plus sixty prime minister nick -- once a -- -- And -- big business worried about the prospect of a labour government that -- foreign investors a substantive frets that London trying to beat twice as safe as they colts. If there is a sense of a new political threats so you -- approximately. I mentioned taxes on the little like us then again you shift that balance of political risks that's the crucial things -- -- and understanding these push pull finances should be the first priority. Today if they're rich -- Kensington Bob Hope remains the safest vaccine that's a political crackdown could hit southeast -- meant that investors tired. And it's a bubble does test and to that's the question will be whether they have the funds the appetite to stick around. Amy got the crisis.

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Safe as houses? Is foreign cash fuelling a London bubble?

Thursday, March 13, 2014 - 03:30