You are here

When an oligarch owns the empty house next door

It's not just that foreign money is creating a property price bubble in popular cities, it's also distorting the market for residents who work there and turning some neighbourhoods into ghost towns
Monday, July 24, 2017 - 05:50


New York

IN VANCOUVER, British Columbia, the price of a single-family home has soared so fast over the past few years that even many well-paid local workers have been pushed out of the city.

In Miami and New York, new luxury apartments are rising rapidly, often sold to anonymous

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom