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3Novices:In London, foreign investors from Hong Kong and beyond are buying homes at ‘alarming’ rate, study reveals

Foreign investors are buying up thousands of homes suitable for first-time buyers in London, using them as buy-to-let investments and often holding them in offshore tax havens, research for the London mayor, Sadiq Khan, has revealed.
Led by investors from Hong Kong and Singapore, foreign buyers snapped up 3,600 of London’s 28,000 newly built homes between 2014 and 2016, about 13 per cent, according to the most comprehensive survey yet of international investment in London housing. About…
June 14, 2017 at 06:47AM http://ift.tt/2rYv6xm
#3Novices #News #OnlineMedia #China 3Novices China

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