Ban on Selling Properties to Oversees Investors

Meeting: 
MQT on 2017-12-14
Session date: 
December 14, 2017
Reference: 
2017/5178
Question By: 
Len Duvall
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Jacinda Ardern, New Zealand's newly-elected Prime Minister, has just announced a ban on selling properties to "foreigners". I am sure you will agree that this is a problem in London which is pricing many Londoners out of the housing market. Would you support similar legislation in this country?

Answer

Answer for Ban on Selling Properties to Oversees Investors

Answer for Ban on Selling Properties to Oversees Investors

Answered By: 
The Mayor

I would support legislation giving me clear powers to give Londoners priority over more new homes built in the capital, alongside other measures including greater investment and financial backing from Government for housebuilding.