Nearly one in five of London’s homes are rented out by people not based in the UK. But there is a feeling that it is wrong for property to be seen purely as a financial product yielding a return when voters cannot afford homes for themselves. What is a concern is that, in a packed list of housing announcements in December, ministers avoided any measures that would have had a real impact on the UK housing crisis. And perhaps most glaring given the election campaign pitch, no acknowledgment of the proposed surcharge on foreign buyers. If foreign investors leave then house prices will almost certainly cool and people might be able to afford homes.

Source: The Guardian January 05, 2020 18:45 UTC