Overseas investment in London's housing market

Meeting: 
MQT on 2016-05-25
Session date: 
May 25, 2016
Reference: 
2016/1369
Question By: 
Caroline Pidgeon
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

Further to your stated intention to crack down on the sale of new-build homes to overseas investors, will you commission much needed research into the effects of overseas investment on the price, affordability and supply of homes across London?

Answer

Answer for Overseas investment in London's housing market

Answer for Overseas investment in London's housing market

Answered By: 
The Mayor

I am committed to giving Londoners 'first dibs' on new homes built on public land, and will be exploring how I can use my suite of powers to ensure that they are not disadvantaged in buying new homes in London more generally. As part of putting this into place I will consider whether further research into the effects of overseas investment is required.