“(We cannot) ignore London’s position as a global prime city and the financialisation of the housing market – it’s conceivable we risk a ‘doughnut’ London, where people move from the centre to the outskirts, because they cannot afford a family home in areas where they’ve grown up in,” Dr Bourne added. “Their property in the centre of London is then converted into an empty home.
How ultra-rich foreign investors are hollowing out London and inflating the housing market
