正文
Foreign demand has spillovers. If an oligarch buys a house, it drives up the prices of smaller properties nearby. A paper by Dragana Cvijanovic of the University of North Carolina and Christophe Spaenjers of HEC Paris finds similar effects in Paris’s property market. Foreign buyers, mostly from China, have been a force behind booms in the big cities of Australia and Canada.
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对于一些耳熟能详、无须进一步进行阐释、但我们在表达中却不太主动用到的词组，我们此后会用这个颜色标注出来，大家可以根据自己的情况自行积累。
Cristian Badarinza of the National University of Singapore and Tarun Ramadorai of Imperial College London have shown that political trouble in Russia, parts of Africa and the Middle East predicts a rise in the price of prime London property.
The same sort of influence
is also found in less ritzy
（豪华的、高级的）
neighbourhoods, says Mr Ramadorai.
【
For instance, property prices in Hounslow and Southall, which have lots of settlers from South Asia,
picked up
in the early 2000s
, a period of
political tensions
in India.
】
Foreign demand has spillovers.
If an oligarch
（寡头，建议识记）
buys a house, it
drives up the prices of smaller properties nearby
. A paper by Dragana Cvijanovic of the University of North Carolina and Christophe Spaenjers of HEC Paris
（与开头的格式一模一样，不过这里做了
by的宾语
）
finds similar effects in Paris’s
property market
. Foreign buyers, mostly from China,
