Economy & Banks

(1) Yes they do, as rental investments or for speculative purposes.

(2) Even where they buy expensive properties this forces the Brit to buy a slightly less nice property, which forces the next person down the chain to buy a slightly less nice property, until finally at the margins at the bottom of the chain someone can't buy at all because there is now one more buyer (the rich foreigner) than there were houses.

Go any figures for all these foreign-owned rental properties?