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  • Buy-to-Let

    Overseas students to fund affordable housing

    The U.K. may have an unlikely solution to its housing crisis: wealthy overseas students and pre-fabricated homes.

    InvestUK, a foreign direct investment adviser, and Hong Kong-based Gaw Capital Partners plan to raise 1 billion pounds from the sale of a bond and use some of the proceeds to finance property projects including affordable homes, the firms said in a statement. Overseas students who invest at least 2 million pounds ($2.46 million) will gain permanent residence after five years.

    “We can offer some Chinese students what they want -- that is permanent residence when they graduate -- provided they invest in something the country actually needs,” Rupert Gather, chairman of InvestUK, said in an interview. “This is the future for affordable housing.”

    Full story here

    http://www.bloomberg.com/news/articles/2...ing-gambit

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