Some may be alarmed that foreign investors are now buying new housing in the suburbs as well as the centre, but opposition to them is simplistic

Londoners, Labour politicians and left-leaning journalists often blame rich foreigners for high housing prices in the capital. This has provided opportunities for people like Boris Johnson to teasingly suggest that they are being xenophobic and, more importantly, has demonstrated a regrettable readiness to seek easy culprits for complicated problems.

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