London may regulate foreigners buying property   

中國人倫敦置業(yè)推高房價(jià) 政府?dāng)M打擊海外購房潮

兩周前，英國著名的財(cái)經(jīng)研究所有專家警告政府，對俄羅斯人和中國人大量在英國購買房產(chǎn)作出防范措施。這位名叫斯密爾特的研究員指出，近兩年來，俄中兩國公民在英國買房買地現(xiàn)象是在英國歷史上無可比擬的。[查看全文]

(ECNS) -- As demand from wealthy foreign buyers, especially those from China and Russia, for London homes is fueling property prices, the London government is mulling measures to control the trend, according to UK's Chinese-language Chinese Business Gazette.

London is facing an unprecedented surge in the number of Chinese and Russian home buyers, according to industry insiders.

The transaction number of houses purchased by Chinese and Russian has been rising every month. Housing prices in London have been on the increase accordingly.

Official statistics showed that the average housing price in London's Westminster hit a five-year high in July. The skyrocketing home prices fueled by foreign buys are out of reach for many local people in London.

Some experts are warning authorities to evaluate the impact of property sales to foreigners on London's housing market.

In August, under the commission of Westminster government, real estate agency Knight Frank started examining how investments by foreign home buyers had changed the dynamics of the market.

The survey is expected to be released on October, based on which, authorities will come up with measures this year to control the home purchasing trend by foreigners in London.

Some officials suggest posing higher taxes on properties purchased by foreign buyers, while others suggest government pose restrictions on foreigners' home buying activities based on their time in London.

Foreign buyers have purchased 60 percent of the property available in central London in the past few years.