Foreign Investors Buying New Houses and "Leaving Them Empty"

An average home in Cambridge is now £419K. Yet despite the prices, houses continue to sell. In fact, Cambridge is now the fastest selling city in Britain, according to the property website 'Rightmove.' New housing, such as developments by the train station, is meant to ease the pressure. But not everyone buying a house wants a home. With prices continuing to rocket, estate agents say Cambridge is now seen as an excellent financial investment - and with the city's international reputation, buyers are flocking from all over the world. Estate agents have, on average, reported around 30 percent of residential sales were to overseas buyers. The head of housing at the City Council told ITV News it's time the government took action to deter buyers from leaving houses empty. Read more on the ITV website.