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2017, so it may be out of date, and it’s the Guardian so some of our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.

Sam

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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2017, so it may be out of date, and it’s the Guardian so some of our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.

On 20/10/2020 11:52, 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.

I would certainly be suspicious of a Guardian article if it didn't cite
verifiable sources for something like that; "many" and "some" offer a
lot of opportunities for creative handwaving.

--
Arthur Figgis Surrey, UK

Arthur Figgis wrote:
On 20/10/2020 11:52, 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.

I would certainly be suspicious of a Guardian article if it didn't cite
verifiable sources for something like that; "many" and "some" offer a
lot of opportunities for creative handwaving.

Sorry, missing link. You may or may not be able to follow up the
references given in the text.

https://www.theguardian.com/society/2017/jun/13/foreign-investors-snapping-up-london-homes-suitable-for-first-time-buyers

Sam (the missing link)

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In uk.railway Sam Wilson wrote:
Sorry, missing link. You may or may not be able to follow up the
references given in the text.

https://www.theguardian.com/society/2017/jun/13/foreign-investors-snapping-up-london-homes-suitable-for-first-time-buyers

The report wasn't cited directly in the text, but a bit of googling key
terms and I think this is it:
https://www.london.gov.uk/moderngovm...a%20report.pdf

Theo

Theo wrote:
In uk.railway Sam Wilson wrote:
Sorry, missing link. You may or may not be able to follow up the
references given in the text.

https://www.theguardian.com/society/2017/jun/13/foreign-investors-snapping-up-london-homes-suitable-for-first-time-buyers

The report wasn't cited directly in the text, but a bit of googling key
terms and I think this is it:
https://www.london.gov.uk/moderngovm...a%20report.pdf

Thank you.

“Conclusion
The estimates show that the propensity to leave homes empty
or under-used in some way is greater among properties of higher values, in
prime areas of London and among overseas investors. These sales represent a
smaller portion of London’s new build housing market, so in absolute terms
UK and overseas owners hold similar numbers of homes that are under-used or
under-occupied.�

Sam

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