Submitted on Sunday 17th July 2016
Published on Tuesday 26th July 2016
Current status: Closed
Closed: Thursday 26th January 2017
Signatures: 75
Tagged with
British ~ British people ~ Denmark ~ UK
Make it tougher for foreign buyers to purchase UK properties
Places like Denmark, Singapore, Hong Kong, Switzerland & Australia have made it much tougher or more expensive for foreign buyers to snap up homes. However, UK still allows foreigners to buy and sell properties as they wish, making profits but pushing up prices which many UK families cannot afford.
We ask that the needs of the British people be met first. A lot of foreign investment properties are empty when British workers are finding it harder and harder to even rent a place.
Currently UK property developers like to pre-sell their developments to overseas buyers because, unlike UK buyers, they pay a deposit of 20% even before the project has started. It helps to finance their projects but makes Brits second priority.
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