Foreign money raised house prices 20% over 15 years

“House prices in Britain have soared by around 20 per cent in the past 15 years due to an influx of foreign money, according to a new study.
The research by King’s College London showed the average price is around £215,000 but would have been about £174,000 without the investment from overseas.

University researchers said the cash has also had a ‘trickle down’ effect to less expensive properties.

Money from abroad has impacted house prices mostly in the South East and major cities in the north, such as Liverpool, Leeds and Manchester.
But researchers warned there was no evidence the increase in foreign investment lead to an increase in housing building or in the share of vacant homes. …”

http://www.dailymail.co.uk/news/article-5543887/House-prices-rise-20-cent-15-years-pushed-influx-foreign-money.html

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