Wealthy foreigners are pricing Londoners out of their own city, says er... husband of Madonna (who owns six homes in the capital) - News - Evening Standard
       

Wealthy foreigners are pricing Londoners out of their own city, says er... husband of Madonna (who owns six homes in the capital)

She owns no fewer than six multi-million pound properties in London as well as a country estate.

But perhaps Madonna should check with her husband before buying any more bricks and mortar on our side of the pond.

Guy Ritchie has made some scathing comments about wealthy foreigners he accused of flooding the property market with "new money".

Scroll down for more...

Wealthy native: Guy Ritchie and his wife Madonna own six properties in central London

The 39-year-old film-maker complained that it is "now almost impossible" for natives to buy a home in the capital.

He seems to have conveniently forgotten about his U.S.-born wife's £20million worth of London property.

Instead, he blames "Russian oligarchs" for "doubling the price on everything".

Ritchie said in an interview with the film magazine Empire: "House prices don't go down, they just go up.

Scroll down for more...

One of Madonna and Guy's properties is this £7m family home in Marylebone

"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."

Mr Ritchie is promoting his gangster film RocknRolla about Russian mobsters who wage war over a property deal in London.

He added: "They have a unique way of doing business, which is they don't haggle. They double the price on everything."

His wife also has a tendency to dramatically outbid the opposition.

The singer paid £6million for a house in Marylebone last year next door to their existing home. The price was double that paid by the previous owner in 2006.

Her inflated offer beat off competition from "natives" Jennifer Saunders and Adrian Edmondson.

Madonna, 49, also owns two mews cottages in Mayfair and a 1,200-acre estate in Wiltshire.

The world's highest-earning female pop star also bought two multi-million pound London properties for the Kabbalah sect.

Comments

Don't Miss
TV Baftas - in pictures

Best of the Baftas

Stars on the red, white and blue carpet
What makes Chelsea and Arsenal target Eden Hazard tick?

Hazard warning

What makes Chelsea and Arsenal target Eden Hazard tick?
You big softie: Has Giles Coren put down his poison pen?

You big softie

Has Giles Coren put down his poison pen?
Pop star Paloma Faith, former Labour minister and Tory blogger back gay marriage video

Gay marriage

Pop star, former Labour minister and Tory blogger back gay marriage video
Promethipedia: the lowdown on Ridley Scott's new blockbuster Prometheus

Promethipedia

The lowdown on Ridley Scott's new blockbuster Prometheus
Prints charming: patterned trousers for summer

Prints charming

Patterned trousers for summer
Bob Geldof on grandchildren, activism and the state of music

Grandpa Bob

Bob Geldof on grandchildren, activism and the state of music
The Middletan: Kate Middleton has the most requested tan in London

The Middletan

Kate Middleton has the most requested tan in London
Amy Childs bares all like Britney

Dare to bare

Amy Childs vajazzles like Britney
Trip the bright fantastic - in vertiginous neon

Fashion

Trip the bright fantastic - in vertiginous neon