Thursday, 29 March 2018

Analysis Shows Foreign Buyers Do Push Up Prices

Foreign property investors have contributed to the increase in house prices in the UK over the last 15 years, sending values soaring by around 20%, according to a new piece of academic research. While foreign buyers have mostly affected price growth in London and the South East, other major cities such as Liverpool, Leeds and Manchester have also seen the effect, says the research from the School of Management and Business at King’s College London. Using figures recorded by the Land Registry, the analysis shows that the average price is around £215,000 but would have been about £174,000 without the investment from overseas. Read more on Property Wire.

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