British moviemaker Guy Ritchie has launched a scathing attack on wealthy foreigners — accusing them of flooding the property market with “new money”.
The Snatch director — whose American wife Madonna owns six properties in London plus a country estate — has complained that English “natives” are being priced out of the city.
He tells Empire magazine, “House prices don’t go down, they just go up.
“The natives of England are sort of being left behind because the big money came in and if it wanted something it bought it and made a bigger fortune doing so.
“And as anyone who has tried to buy a house in Central London knows, it’s almost impossible to do so unless you have ten million quid (pounds).”
Ritchie is currently promoting his new movie RocknRolla about Russian mobsters who wage war over a property deal in London.
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