LSE Overseas Investment Report 3

Meeting: 
MQT on 2017-07-13
Session date: 
July 13, 2017
Reference: 
2017/2877
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Previous research into Overseas Investment in the London property market by the University of Sheffield's Political Economy Research Institute (February 2016) suggested the creation of an Inclusive City Fund through levies on super-prime sales and philanthropic giving as a vehicle to fund social housing. Would the Mayor consider lobbying for the powers for such an initiative?  

Answer

Answer for LSE Overseas Investment Report 3

Answer for LSE Overseas Investment Report 3

Answered By: 
The Mayor

I am considering the findings of the research into overseas buyers that I commissioned and the conclusion of the Homes for Londoners Board sub group on this matter. I will set out my response in due course.