Overseas Investors make London Housing affordability worse

A report from the Smith Institute last week (quoted by Jules Birch in “Inside Housing”) concluded that over 60 per cent of new homes in central London are currently being bought by overseas investors and that a large proportion of them are being kept empty.

If there is extra overseas demand for limited supply that is already inadequate to meet domestic demand then that must be increasing (or propping up) prices and making the overall affordability situation worse. That has to be a cause of concern for the UK government, especially when overseas governments are taking action in their own markets. Full Story Here 

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