“Absenteeism as a problem is peculiar to the smudge of “super-prime” London around Harrods”
Ed Cumming reports in from London, the natural home of a sometimes slightly dodgy flight capital, where certain boroughs have seen large increases in “non doms”.
We also learn
Foreign buyers accounted for 20% of all sales in Kensington and Chelsea in the four years to 2014, according to the Department for Business. For new properties, however, the figure is about 75%
On a related note you can read the NYT series Stream of Foreign Wealth Flows to Elite New York Real Estate which analyzed and visualized “the increasing sums of foreign money in high-end real estate and the growing use of shell companies“.