Quote:
Originally Posted by Ramrod
Yes but the point he & I are discussing atm is the real or imagined growth of 'buy to leave'.
There is nothing wrong (as far as I can see) in foreign investors investing in property here.
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Well it does impact upon the city. Those are by far the most profitable builds so cheaper apartments aren't built and unused residential homes mean less accommodation for a city that needs people to work in it.
Governments should ensure that properties are homes first and investments second. If there is a finite amount of space for a city of 8 million then allowing empty homes as investments, or even luxury rental apartments, is pretty bad planning.