Why is UK property price rising?

Rich foreigners.

old article but true

http://www.bbc.co.uk/news/business-35757265

As I’ve said before, boy will they get a shock when our government just fails to acknowledge their property rights (as non-citizens).

https://disenchantedscholar.wordpress.com/2017/11/25/whats-going-on-in-greece/

“You think the Greeks are going to get off their arses for you, when they won’t do it for their grandkids?

The West and EU is pumping them full of worthless money.
It’s hilarious, they think we’re actually trading with them.
We can just confiscate back national resources for national security.

We do it already to our own citizens, you aren’t fucking special.
https://www.gov.uk/government/publications/your-property-and-compulsory-purchase
Slavery is also illegal, you can start a war with our superior military if you want, bitches!
http://www.legislation.gov.uk/ukpga/2015/30/pdfs/ukpga_20150030_en.pdf

Three-quarters of properties being purchased are purchased in secret, that’s wrong – it ought to be completely transparent,” says group member, Labour peer Jeff Rooker.

Agreed.

A house isn’t an investment, it doesn’t change. It actually depreciates.

Population does change.

They’re gambling.

This will make ownership through UK companies more transparent, but won’t affect overseas companies investing in London.

It should be the other way around.

Not to mention the crooked politicians allowing purchases and planning permission, flouting skyline rules and many others.

https://www.thedailybeast.com/the-curse-of-666-fifth-avenue-the-skyscraper-that-could-sink-the-kushners

Look at the Skyscraper Index too. China is fucked.

A lot of those skyscrapers and flats will simply be torn down. They were illegally built.

“A palace second in size only to Buckingham Palace, it was sold for £50m to an offshore company registered in the British Virgin Islands,” says our guide, and tells us it will soon become home to a Russian oligarch.

No it won’t, it’s easy to kick out false kings from their little ill-gotten palaces.

I hear the noise of diggers and machinery building a spa and a private underground car park. A neighbour walking the dog nearby mutters how disruptive this has been and how the trees have been cut down.

That’s why you don’t let foreigners literally buy your country.

The government and politicians and sellers are traitors, they are literally selling their country out.

Russians aren’t even really white, FFS. New Money will end up dirt poor as they deserve. Don’t let them ruin our few good buildings in the mean time.

But this kind of disruption could soon be curtailed if increasing clarity on ownership puts off future buyers.

the love of money is the root of all evil

Eternal growth is an economist’s myth.

You know the only thing that grows eternally? Cancer.

The US, another attractive location for anonymous property purchases, has tightened regulations recently. The US Treasury department announced two months ago that it would start identifying the anonymous buyers of luxury properties, particularly in New York and Miami.

start?

This measure follows the introduction of a strict new anti-money laundering regulations, which have led to the US authorities to impose hefty fines on major banks.

no let them fail

The pressure to shut down avenues of money laundering and tax evasion could also mean property purchases here soon come under tougher scrutiny.

could?

And then our tour guides will be able to pack up and go home.

Russian writer …no conflict of interest.

https://blogs.spectator.co.uk/2016/02/move-over-royal-family-londons-oligarchs-are-the-new-tourist-attraction/

Yes, let all the white-collar criminals live here too. Fantastic.

Russian oligarchs suspected of corruption in UK must account for wealth and property

That should be done before purchase as part of a background check.

Let it crash, please God just let them all hit their real level.

1. Be civil. 2. Be logical or fair. 3. Do not bore me.

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