Property News · May 13, 2016

Super-rich may sell London homes under anti-corruption rules


Estate agent predicts some billionaire clients will sell property if no longer able to keep identity secret via offshore firmsSuper-rich international investors in London property are likely to sell off some of their mansions and penthouses after the introduction of anti-corruption rules cracking down on offshore secrecy, a leading estate agent has said.Privacy-hungry oligarchs, media owners and tech billionaires from around the world could also abandon plans to buy homes in Britain because they would no longer be able to keep their identity secret by purchasing them through offshore companies, Trevor Abrahamson told the Guardian. Continue reading…

Source : theguardian.com
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