I'm not a "Russian cash buyer", but if I wanted a 1 bedroom flat around here
I'd still have to find 200k.
So it doesn't matter what the "cause" is (or rather, one of the many causes) of the inflation, this is the reality.
The whole of the southeast is on "london prices" these days, and if people generally had the option of "fuck it, I'll just move 100 miles away to where it is a bit cheaper", that place wouldn't be cheaper for long.
(, Fri 2 May 2014, 9:54, Reply)