Sam Wilson wrote:
Arthur Figgis wrote:
On 19/10/2020 21:27, Sam Wilson wrote:

not matter, since many foreign-owned London flats are allegedly empty most
of the time anyway.

I know it is one of those things that "everyone knows", but has anyone
ever looked into to the extent of this? Are there huge numbers of flats
which could lower general property prices/reduce commuting/house the
homeless/facilitate more immigration (delete accoording to taste), or it
it one of those things which someone once suggested and it just stuck?

2017, so it may be out of date, and it’s the Guardian so some of our
residents here may discount it, and occupancy is mentioned in pasing,
though with a reference to an earlier report, but it does say: many London
properties are foreign owned; some of them are rarely occupied.

There certainly are many investment properties that are little used, but I
wonder what proportion of the flats in these new blocks along the Thames
come into that category? Is it as low as 20% or as high as 80%? I simply
don't know.

Many of the Nine Elms projects are Asian-funded, and they may plan to
market the properties first to people back home. Ironically, some of the
skyscrapers overlooking the SIS building will be Chinese-owned.