Sunday, March 17, 2019

Who owns London?

87,000 properties – 40% of them in London – are anonymously owned by firms registered in tax havens.  That is  £100bn of property in England and Wales.

Cadogan Square in Knightsbridge, where the average property costs £3m, hosts at least 134 secretly owned properties. Buckingham Palace Road is also home to a large number, with a combined estimated value of £350m.

Some 10,000 of the properties are in Westminster, while almost 6,000 are in Kensington and Chelsea. Camden is home to more than 2,300 of the anonymously owned properties while almost 2,000 are in Tower Hamlets.

No comments: