Submitted on Thursday 7th July 2016
Rejected on Thursday 21st July 2016
Current status: Rejected
Rejection code: duplicate (see below for details)
Make anyone buying property in the UK, live in the UK for a minimum of 5 yrs
In many areas of the UK housing stock is being snapped up by foreign investors a) They pay cash beating local citizens who need mortgages b) property prices are rising artificially and locals cannot afford to buy c) Often properties are left empty so ghost areas are appearing
I live in Cambridge and there is lots of housebuilding occurring here, but the properties are being snatched up off plan by investors, artificially raising house prices locally and as its not worth their inconvenience to fill them because house prices are rising so quickly, left empty.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
petition.parliament.uk/petitions/127772
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