Property News · September 29, 2016

London mayor launches​ ​unprecedente​d ​inquiry into foreign property​ ​ownership


Exclusive Sadiq Khan tells the Guardian he will carry out ‘the most thorough research on this matter ever undertaken’ amid widespread concern over spiralling housing costs and gentrification‘This is just the start’: China’s passion for overseas propertyLondon mayor Sadiq Khan is to launch the UK’s most comprehensive inquiry into the impact of foreign investment flooding London’s housing market, amid growing fears about the scale of gentrification and spiralling housing costs in the capital.Khan said there are “real concerns” about the surge in the number of homes being bought by overseas investors, adding that the inquiry would map the scale of the problem for the first time. Continue reading…

Source : theguardian.com
Read more…London mayor launches​ ​unprecedente​d ​inquiry into foreign property​ ​ownership

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