Act now before foreigners buy half of all homes, ministers told

[Zardoz Greek]

Act now before foreigners buy half of all homes, ministers told
https://www.thetimes.co.uk/article/act-now-before-foreigners-buy-half-of-all-homes-ministers-told-jcx3d6zb3

Andrew Ellson
April 7 2017, 12:01am, The Times

Qatar owns more of the capital than the Crown Estate, according the Bow Group’s report
GETTY IMAGES
More than half of all British property could fall into the hands of overseas buyers if the government fails to act, the oldest Conservative think tank has warned.

A report by the Bow Group says the only way to stop house price inflation is for ministers to limit the supply of money pouring into the country.

“Much of recent house price rises are due to the emergence of a vast number of foreign buyers who now own close to 10 per cent of the UK’s housing stock but who are affecting prices throughout the whole housing stock,” the report said. “Unchecked, foreign ownership of property could match foreign ownership of UK listed companies, at over 50 per cent”. The report added that most office space…