Foreigners Buying Up London
If not for foreign investment, London real estate wouldn't be so
expensive. But with the pound falling over 12% in the last five years,
what appear as bloated prices to British citizens seem like bargains for
foreigners - that and the fact that an Anglo-Saxon country with a
history of rule of law (albeit a tattered history these days) appeals to
people whose own governments either have no such history, or whose
history is, at best, sketchy.
Don't forget that this idea of a safe place to put your money applies to the U.S. too; for many non-Americans maybe even more so. With that in mind, when we see talk of an eventual collapse of the US dollar we should take a deep breath and think: where else will people want to put their money? What other countries have a tradition of liberty - although it is similarly tattered as is the case in the UK - to compare with the U.S. and Great Britain for that matter? Try to see things from their (non-US citizens) point of view. Of course, it's not easy when you've grown up in the U.S. or the UK to see how others might perceive these things. But it's important that you do.
Foreigners account from more than half of new purchases of property in London.
Don't forget that this idea of a safe place to put your money applies to the U.S. too; for many non-Americans maybe even more so. With that in mind, when we see talk of an eventual collapse of the US dollar we should take a deep breath and think: where else will people want to put their money? What other countries have a tradition of liberty - although it is similarly tattered as is the case in the UK - to compare with the U.S. and Great Britain for that matter? Try to see things from their (non-US citizens) point of view. Of course, it's not easy when you've grown up in the U.S. or the UK to see how others might perceive these things. But it's important that you do.
Foreigners account from more than half of new purchases of property in London.
Half of London’s new-home buyers come from abroad as the city’s reputation as a safe haven attracts rising investment and sustains development.(Click HERE for whole article.)
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