Anchoring capital in place: The grounded impact of international wealth chains on housing markets in London
Abstract
Taking as our focus the city of London over the last decade, we use state-held records of house sales to consider the impact of competition for housing resources in the luxury property market. This data suggests that the use of offshore investment vehicles and the concealment of wealth from national tax agencies have become key mechanisms by which housing resources have been exploited by the wealthy and their capital deployed by agents of the...
Paper Details
Title
Anchoring capital in place: The grounded impact of international wealth chains on housing markets in London
Published Date
Apr 30, 2019
Journal
Volume
57
Issue
1
Pages
21 - 38
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