Foreign investment in real estate has pushed housing prices up by more than a quarter in the UK, according to a study by the Royal College of London.
Without investments of foreign buyers, the average price of housing would be about $245,120. But an influx of foreign investments has pushed the prices up to $302,900, according to Global Property Guide.
A significant part of this growth was provided by investments through anonymous companies registered in closed offshore areas. Also, this factor negatively affected the level of home ownership in the UK, raising the price not only of elite properties but all other types of real estate, according to the senior teacher of KCL Philip Sa, who conducted the study.
