Property News · May 26, 2016

Revealed: 9% rise in London properties owned by offshore firms


Land Registry data of past 10 months shows 40,000 properties – entire apartment complexes to wine cellars and car parks – registered offshoreForty thousand properties across London are now owned by secretive offshore companies, an increase of 9% over the past 10 months, the Guardian can reveal.An analysis of Land Registry data shows that whole apartment complexes from the East End to Knightsbridge have been sold off to anonymous owners shielded by companies in tax havens including Panama, Lichtenstein and the British Virgin Islands. Continue reading…

Source : theguardian.com
Read more…Revealed: 9% rise in London properties owned by offshore firms

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