Piggy banking London housing

Meeting: 
MQT on 2013-12-18
Session date: 
December 18, 2013
Reference: 
2013/5018
Question By: 
Murad Qureshi
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Can you take any steps to curb the increasing trend by wealthy overseas buyers of using London homes as piggy banks?

Answer

Answer for Piggy banking London housing

Answer for Piggy banking London housing

Answered By: 
The Mayor

Overseas investment in London is essential for the economy and brings forward a lot of homes that would otherwise simply not have been built.