Probe into London housing market offshore investment amid 'dirty money' fears

Sadiq Khan has ordered an inquiry into the scale and impact of foreign investment in the London housing market amid fears over a potential "surge" in money flowing in from overseas.
The Mayor of London said there was an urgent need for more transparency around the flow of offshore investment in property to ensure the capital is not being flooded with "dirty money".
Spiralling prices in parts of central London have left many unable to get a foot on the property ladder, leading to concerns over gentrification and the creation of "ghost towns" where swathes of... read more

30 September 2016 in Regional East, Views: 28
Source: Belper News

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