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Force foreigners with multiple properties, as just investment in London to sell.

Submitted on Monday 7th May 2018

Rejected on Monday 14th May 2018

Current status: Rejected

Rejection code: no-action (see below for details)

Petition Action

Force foreigners with multiple properties, as just investment in London to sell.

Petition Details

London is becoming overwhelmingly expensive even for the upper middle class, part of the reason is because of foreigners buying up property in London and never even using them! These properties need to be forced by the government to be sold. This will create a domino effect, which will reduce cost.

Additional Information

It has been all over the news about the soaring house prices, which will make the possibility of buying a house for the first time a far, out of reach, reality for millennials and anyone else who permanently resides here in London. London is the most expensive city in Europe, and if nothing is done about the rising cost, slowly people will leave London and they will go elsewhere for jobs, leaving London to be nothing but just an old expensive landmark where nothing happens anymore.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

We're not sure exactly what you'd like the Government or Parliament to do.

You could start a new petition explaining clearly what you would like the Government or Parliament to do. For example, you could ask Parliament to change the law, to ban investment in UK property by people who aren't UK residents, if that's what you'd like to happen.

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