The Government and the Mayor of London need to get a handle on the rise in overseas property investment in the capital with a view to directing it into new affordable housing.
That call has come from left-leaning think-tank, the Smith Institute, which says that overseas buyers – mainly from the Far East – seeking out homes for investment purposes are pushing up prices and reducing affordable homes for local people.
It highlights that over 60% of new homes in central London are curre...
