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Britain plans to identify foreign owners of UK properties

Buying spree by Asian, Middle Eastern, other investors blamed for pricing out local buyers

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A December 2016 report by estate agents Hamptons estimates that international buyers account for 29 per cent of the London housing market. In prime areas, they make up 60 per cent of the market.

London

THE British government plans to identify foreign owners of UK property while Asian and Middle Eastern investors have begun a buying spree outside London.

Margot James, Under Secretary of State at the Department for Business, Energy and Industrial Strategy (BEIS), announced

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