Foreign-Owned Uk Property

Part of the debate – in the House of Commons at 5:00 pm on 20th June 2013.

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Photo of Andrew Slaughter Andrew Slaughter Shadow Minister (Justice) 5:00 pm, 20th June 2013

I congratulate the right hon. Gentleman on making pertinent and timely points that my constituents will recognise. Are not these properties being marketed abroad because of the type of property being built? High-value, high-rise properties are the ones being built and the fault lies with the planning authorities, the Mayor and some borough councils, such as my local one, which are giving permission for tens of thousands of the type of unit that appeals to Malaysian investors but is completely unaffordable to his constituents and mine?