8.11C Ownership of Property, Land & Businesses

• • Individuals such as billionaires from the former Soviet Union (Russian oligarchs) bought so much property in London that it started to get the nickname ‘Londongrad’ 
  • Foreign property investments has pushed up property prices in London, making housing unaffordable for some
• • Non-national ownership of property within the UK is targeted within London, which is seen as an area with a 'great return on investment'
  • UK citizens are also responsible for changing a places identity:
  • Coastal areas in France, Italy and Spain have become British ex-pat areas
  • This has contributed to the growth of British enclaves overseas
  • In some places, visible landscapes have been replaced with a new Britishethnoscape
• Ethnoscapes = changes made by minority ethnic groups to a cultural landscape in order to remake the place where they live to reflect their origins

  -> A British pub in Nice, France, serving a roast beef dinner