Property News · May 25, 2016

Sadiq Khan condemns foreign investors' use of London homes as 'gold bricks'


Mayor condemns capital’s housing policy for being ‘obsessed by numbers rather than building the right sorts of homes’The mayor of London, Sadiq Khan, has attacked foreign investors for using homes in the capital as “gold bricks for investment” following a Guardian investigation that revealed the UK’s tallest residential skyscraper is now more than 60% foreign-owned and is under-occupied.Facing questions from the London Assembly for the first time since he was elected mayor, Khan warned that building thousands of new homes a year in London to solve the housing crisis would mean nothing if “they are all bought by investors in the Middle East and Asia for use as second homes or they sit empty”. Continue reading…

Source : theguardian.com
Read more…Sadiq Khan condemns foreign investors’ use of London homes as ‘gold bricks’

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