Monday, November 15, 2010

House buying spree

Now comes news that wealthy foreigners are buying up even more of our most expensive homes.

What surprised me most about this report however is the claim that there is a total of only abut 170,000 houses worth more than £1,000,000 in the UK.

That is only about 1 in every 100 owner occupied dwellings, so the housing boom has not got quite so far out of control as I had thought.