Restrictions on foreign buyers may boost first-timers

29th September 2017

The Treasury is working on plans that will see foreign buyers face tougher restrictions on purchasing British property in an effort to help first-time buyers onto the property ladder. The Telegraph cites a Whitehall source who points to the amount of property being bought off plan by buyers from overseas, especially the Far East. “They are bought when the flats are still under construction, meaning first time buyers don’t get a look in. That is not just in central London, but in the suburbs and other cities such as Manchester”.

The Sunday Telegraph (24/09/2017)