Concordat on overseas sales (2)

Meeting: 
MQT on 2014-10-22
Session date: 
October 22, 2014
Reference: 
2014/4073
Question By: 
Darren Johnson
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

Why should developers be concerned if they are removed from your concordat agreement following a breach?

Answer

Answer for Concordat on overseas sales (2)

Answer for Concordat on overseas sales (2)

Answered By: 
The Mayor

Appearing on the Concordat shows that the developer in question is committed to a level playing field between Londoners and overseas buyers, and removal will therefore risk substantial reputational damage that no sensible developer would discount.