I agree entirely. Happening here too.
Far too many British properties and companies are allowed to be sold off abroad, and worse, although most new owners are probably legitimate, a lot of the most expensive London homes (mainly converted into flats) are bought as money-laundering.
Many are owned by Russian "oligarchs" encouraged originally by Putin but probably now rightly very nervous of him. Others are bought by dodgy sheiks and "sovereign wealth funds" (the governmental treasuries) of unpleasant Middle-Eastern states.
Those types buy the eye-wateringly costly pads in snooty bits of London, but actually the biggest plague in the British housing market is home-grown, not foreign. It is the second-homes trade, by which wealthy Londoners (mainly) push prices in attractive rural and coastal areas well beyond anything locals can afford.
While alongside these over-paid buyers, who would include money-traders, company-lawyers and "celebrities", even genuinely useful professionals like senior-grade teachers and nurses living and working in London can barely afford a decent home of their own in and around the capital.
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My mains-water is courtesy of YTL, a Malaysian quarrying, cement and hotels group.
Use certain rail services in the UK or buy your electricity from EDF and you prop up the German or French states, respectively, via their industries those nations had the sense to keep in national ownership.
Large chunks of the UK's defence industry have been bought by America.
Newsquest, which published my county's and many other local newspapers in the UK, was bought by US-firm Gannet. Result? Inevitable plummet in quality and value. (Not price, value.)
While of all ironies, Sunseeker, the once-English builder of that outward symbol of flaunted capitalist wealth, the luxury "yacht", still makes the boats here but is owned by... hard-line Communist China!
