One in five house sales in London’s most exclusive areas is now to wealthy foreign buyers, fuelling ‘dire housing crisis’
More than 20 per cent of homes in parts of capital sold to foreign buyers It is feared many of the properties will be left empty as ‘ghost homes’ London MP says homes should be advertised in UK before overseas He says the influx of foreign owners is pricing Londoners out of city
More than one in five properties in some areas of London are being sold to foreign buyers, new figures have revealed.
Campaigners have warned of a ‘dire housing crisis’ after more than 20 per cent of properties for sale in the richest areas of the capital were bought by foreigners over the past four years.
Some estate agents are reporting even higher rates of international sales, with some saying more than half of all their listed properties are going to overseas purchasers.View Full Article