The huge amount of foreign cash invested in the British property market has driven up house prices and put homeownership out of reach for a generation of buyers, research has indicated.
House prices have risen by a fifth more than they would have done without overseas investment over the past 15 years, the study found. Even the cheapest homes have become more expensive because of the “trickle down” effect of foreign money.
No evidence was found that overseas investment had encouraged more housebuilding.
