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Forbes: "London's Foreign Investment Is Increasing -- Except In This One Sector"

Link to web site

"While foreign investments in office buildings and retail have been brisk, UK housing does not see the eager foreign investment that other sectors do.

"Argent Related is one unusual U.S./UK partnership that will build homes in the UK. The partnership, helmed [apparently an intransitive verb] by David Partridge, launched a £1B project to build 800 homes at Tottenham Hale and a £4B project to build 7,500 homes at Brent Cross [compulsory purchase orders permitting - and the crucial CPO3 hasn't even happened yet].

"These projects are useful, property expert Katie Kopec said, but barely address the problem. It is almost impossible for private homebuilders to solve the housing crisis because the scale of the problem is so huge. Even so, Kopec said, the UK can learn a lot from Americans. London's rental units are usually in blocks of Georgian buildings, while there are precious few big new apartment building blocks, which Americans excel at building."

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