London launches inquiry

London launches inquiry
03/10/2016 , by , in INTERNATIONAL

London’s mayor Sadiq Khan will launch an inquiry into foreign ownership of property in the British capital which has helped push up housing costs.

“It’s clear we need to better understand the different roles that overseas money plays in London’s housing market, the scale of what’s going on, and what action we can take to support development and help Londoners find a home,”

London property prices rose more than 12 percent in the 12 months to July, according to official data.

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