Foreign property ownership

Meeting: 
MQT on 2016-10-19
Session date: 
October 19, 2016
Reference: 
2016/3710
Question By: 
Andrew Boff
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

What will be the cost of your review into foreign property ownership in London? What information will this provide that is not already available in GLA reports and elsewhere?

Answer

Answer for Foreign property ownership

Answer for Foreign property ownership

Answered By: 
The Mayor

The research is being commissioned and the total cost has not yet been finalised. The research will provide information including the extent of overseas property sales across London, the extent of these homes being left empty, and the contribution made by these sales to development viability. Comprehensive and up-to-date on these matters is not available from other sources.