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Greater London Authority | https://www.lease-advice.org/article/leasehold-and-freehold-reform-act-2024/Islington Leaseholders Association
Categories
Housing ILA Information

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 

Categories
Information Leaseholders

Service charges

How are services charges levied by freeholders determined and consulted on – and are they fair?  Greater London Authority   review of service charges