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London's housing crisis can be solved by 'reining in middle class nimbys', report says

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No.

It can be solved by n allowing an non UK national claim benefits.

Seriously. Do that and - poof! - 30% of London rental stock empties.

.

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Saw that yesterday and have to disagree with his statement that foreign investment isn't  causing a problem 

The Heygate situation as reported  in this article it would show that building developments then selling them to overseas investors is a big issue 

https://www.vice.com/en_uk/article/qkq4bx/every-flat-in-a-new-south-london-development-has-been-sold-to-foreign-investors

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2 hours ago, Nabby81 said:

Saw that yesterday and have to disagree with his statement that foreign investment isn't  causing a problem 

The Heygate situation as reported  in this article it would show that building developments then selling them to overseas investors is a big issue 

https://www.vice.com/en_uk/article/qkq4bx/every-flat-in-a-new-south-london-development-has-been-sold-to-foreign-investors

Yes very odd, yet obvious to any Londoner.

 

Here is what they do in Denmark

 https://international.kk.dk/artikel/buying-home

Requirements for non-Danish citizens

However, there are certain requirements for non-Danish citizens when it comes to buying property:

Unless you have lived in Denmark for a period of at least 5 years, you must obtain permission from the Danish Ministry of Justice (Justitsministeriet) to buy property. However, this restriction does not apply if you are an EU-citizen, and if the property is to be used as a permanent residence.

This also applies to citizens from countries that are included in the European Economic Cooperation (EEA). Go to the Ministry of Foreign Affairs's website to see the regulations. 

In any case it is a good idea to contact The Ministry of Justice if you wish to buy property. 
 

 

If Denmark can do this within the EU then there is no reason why we cannot do similar in the UK. 

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I agree with Sir Mark...if we had more people in positions of power that shared this view we would all be better housed and housing would be considerably cheaper.

The comments are all about immigration etc - expelling large numbers of people has the same effect as housing provision but I am working on the basis that we won't expel people.

Foreign investment in new builds increases supply and if supply was more elastic as Sir Mark argues for this is not such a bad thing...foreign investment in the existing stock is very damaging and should be restricted.

The PTB know how to solve these problems, they know how to better house the population and make housing cheaper but they choose not to.

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4 hours ago, Nabby81 said:

Saw that yesterday and have to disagree with his statement that foreign investment isn't  causing a problem 

The Heygate situation as reported  in this article it would show that building developments then selling them to overseas investors is a big issue 

https://www.vice.com/en_uk/article/qkq4bx/every-flat-in-a-new-south-london-development-has-been-sold-to-foreign-investors

Same thing the balirite mob are doing in Harringey.

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......two things. 1. either accept the things you cannot change. 2. or change the things you know you can......can't change what is unacceptable move if you know you can.;)

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On 19/10/2017 at 1:45 PM, skomer said:

Yes very odd, yet obvious to any Londoner.

 

Here is what they do in Denmark

 https://international.kk.dk/artikel/buying-home

Requirements for non-Danish citizens

However, there are certain requirements for non-Danish citizens when it comes to buying property:

Unless you have lived in Denmark for a period of at least 5 years, you must obtain permission from the Danish Ministry of Justice (Justitsministeriet) to buy property. However, this restriction does not apply if you are an EU-citizen, and if the property is to be used as a permanent residence.

 

One side effect of this may be to increase demand for rentals

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On 19/10/2017 at 2:38 PM, winkie said:

......two things. 1. either accept the things you cannot change. 2. or change the things you know you can......can't change what is unacceptable move if you know you can.;)

3. Non UK nations cant vote (outside of tower hamlets). So pluck their feathers til they bleed. 

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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