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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