London housing market being hollowed out by ultra-rich foreign investors

Ultra-rich foreign investors are hollowing out London and inflating a housing market

The London Assembly was told overseas investors are now the only buyers who can afford to purchase the most expensive properties

London housing market being hollowed out by ultra-rich foreign investors

Properties are being used as a "leisure related" investment or left empty for a financial return in future

Londoners pushed to 'outskirts' of city by ultra wealthy, housing expert tells assembly

Luxury homes in central London are often left empty by foreign investors, reports Kumail Jaffer, Local Democracy Reporter Dr Jonathan Bourne of University College London address the London Assembly Ultra-wealth foreign investors are artificially inflating London’s housing market by leaving homes empty and pushing residents to the outskirts of the city, the London Assembly has been told. There were 105,138 empty homes in London in 2025, according…