@h4890 @ChrisMayLA6 There will be a very sharp drop if there's ever a government committed to ending the use of London property to stash money looted from other countries. Read Oliver Bullough's books.
70% of premium developments in London are owned offshore by non-resident "investors". 11% of property in Westminster is owned by companies in British Virgin Islands & similar, many with nominee directors to conceal beneficial ownership. Property owners in the legislature like it.
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SamuelJohnson
@samueljohnson@mstdn.social
Scientist, MBA, ex IT professional, Irish & European Lived 30+ years on 4 continents, now back in Ireland. Deleted WhatsApp the day Zuckerberg bought it. Ditto Twitter & Musk.
mstdn.social
SamuelJohnson
@samueljohnson@mstdn.social
Scientist, MBA, ex IT professional, Irish & European Lived 30+ years on 4 continents, now back in Ireland. Deleted WhatsApp the day Zuckerberg bought it. Ditto Twitter & Musk.
mstdn.social
@samueljohnson@mstdn.social
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