this post was submitted on 10 Nov 2025
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Mildly Infuriating

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From Bloomberg News reporters Olivia Konotey-Ahulu, Andre Tartar, Nazmul Ahasan and Raeedah Wahid:

On a private residential street in northwest London sits a property which was last sold in 2022 for £11 million. Marketing photographs of one of the properties in the development showcase floor-to-ceiling windows, a spiral staircase across several floors, a cinema and a gym.

Now valued at more than £13 million by one property platform, the house is owned by a politician from Bangladesh, a country with currency controls that restrict its citizens, residents and public servants from moving more than $12,000 a year outside the country.

Saifuzzaman Chowdhury served as land minister for five years up to January 2024. He built up a UK real estate empire of more than 350 properties

http://www.bloomberg.com/graphics/2024-bangladesh-land-minister-uk-property/

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[–] LainTrain@lemmy.dbzer0.com 16 points 2 days ago

'Just build housing' bros like: "yeah just build more" when this guy uses his portfolio, property value gains and rent income as leverage for a loan to buy another 350