The world is awash in cheap debt, and whether we're talking
about wealthy foreigners or local residents desperate not to be shut out of the market, the siren call of fast - rising house prices is too powerful to ignore.
Foreigners and many
wealthier immigrants usually don't have student debt and have money that can take advantage of our low dollar — and many pay cash for property, so don't worry
about mortgages — and, for investment properties, can leave them vacant and increasingly often do.