Overseas buyers of London apartments who leave them vacant are hurting the city’s economy by making it too expensive for people who come to the capital to work, former City of London planning officer Peter Rees said.
As many as 4,000 extra police officers will be on the streets of London for the start of the annual two-day Notting Hill Carnival amid concern that gangs are planning a repeat of this month’s riots and disorder.
London’s police force will deploy more than 4,000 extra officers on the streets of the capital on the two days of the Notting Hill Carnival amid concern that gangs are planning a repeat of this month’s riots and disorder.
London squatters are increasingly targeting houses in exclusive neighborhoods, including Regents Park, North Kensington and Notting Hill, the Financial Times reported, citing court records for eviction orders.
London luxury-home prices rose at the fastest pace in five months in September as more buyers sought properties costing less than 2 million pounds ($3.2 million) to avoid a sales tax that was increased last year, Knight Frank LLP said.