Don't blame the foreign investors, says Boris

25th October 2013

Boris Johnson, writing in the Telegraph, says that foreign investment is not to blame for London's house price increases.

He comments that the answer to house price inflation is not to try to persecute rich foreign investors but to build more homes. He argues that we can build hundreds of thousands of homes for rent, for affordable rent, for market sale and for part-buy-part-rent on London's 33 brownfield opportunity areas. He continues that many of the developments rely on overseas demand and we need to keep that investment flowing.

The Daily Telegraph