Too high prices on the real property market only concern allegedly the rich and and popular cities. When you consider the case more closely, the bubble risk appears to be threatening also emerging economies.
Rumour about the real property bubble is spreading far and wide in Great Britain, Scandinavia and the Netherlands.In its report for the last year, UBS listed Vancouver, London, Stockholm, Sydney and Munich among the cities with especially inflated prices.
The reports hardly ever mention that one of the decisive factors causing the rise in prices are the open borders and the excessive immigration. For instance in London alone there live approximately 300 000 Russians who invest, mostly illegal money, in real property.Apart from Russians it is also the Chinese and people from Qatar who raise the property prices in the British capital and who have long taken over London’s City. Continue reading