If you're competing with the the whole world - sure. But I have a personal belief property is one of the things that shouldn't be so freely purchasable. Want to buy and own a property in the UK? Fine, be a UK citizen then.
Look at how Denmark do it:
"Unless you have lived in Denmark for a period of at least 5 years, you must obtain permission from the Danish Ministry of Justice (Justitsministeriet) to buy property. However, this restriction does not apply if you are an EU-citizen, and if the property is to be used as a permanent residence."
Seems reasonable to me. Maybe stop shell corporations based in tax havens from owning property as well? Seems they benefit from the income while paying that the government doesn't even get.
Look at how Denmark do it:
"Unless you have lived in Denmark for a period of at least 5 years, you must obtain permission from the Danish Ministry of Justice (Justitsministeriet) to buy property. However, this restriction does not apply if you are an EU-citizen, and if the property is to be used as a permanent residence."
https://international.kk.dk/artikel/buying-home http://um.dk/en/travel-and-residence/family-and-legal-issues...
Seems reasonable to me. Maybe stop shell corporations based in tax havens from owning property as well? Seems they benefit from the income while paying that the government doesn't even get.