London's mayor vows to crack down on property sales to foreign buyers
With the recent election and the wait for the EU referendum decision, the London property market seems to be taking quite a blow. Last month we spoke about the changes in the luxury market and how the PMs new regulations were going to make it harder for international investors to buy property. Well now the new mayor has decided to crack down on these investors, looking to limit the sales of homes to foreign investors who ultimately leave the properties vacant.
In another step towards pushing out money launderers and fraudsters, Mr Khan is working towards ensuring London is a home for all.
To read more, head to Unian.