伤在何处（三） | 《经济学人》精读笔记

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Demand from emerging markets such as China and Russia has been growing. Buyers are willing to pay steeply to secure a safe place for their savings—or a bolthole for themselves.

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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。

The value of homes in the posher （原型为形容词 posh，高档的、豪华的、上流社会的 ） parts of global cities move in sync because they have become a distinct asset class . Private-equity firms and investment trusts , not just individuals, own them. 【 Prices in such cities are explained more by global factors, such as the yields on the safest government bonds, than by local conditions. 】 This global influence is particularly marked in financial centres that are open to capital flows , such as London, New York, Toronto and Sydney. It （代指 This global influence ） has extended into smaller European cities, such as Amsterdam.

Demand from emerging markets such as China and Russia has been growing. Buyers are willing to

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