You are currently viewing Labour to clamp down on foreign buyers of UK properties

Labour to clamp down on foreign buyers of UK properties


A Labour government would increase the stamp duty paid by foreign buyers of UK property while also restricting the sale of new-build properties to overseas investors under plans being drawn up for the party’s general election manifesto.

Keir Starmer, Labour leader, wants to tackle Britain’s property affordability crisis, which has made it increasingly difficult for younger workers to buy their own homes.

Starmer’s policies are set to come under closer scrutiny ahead of a general election next year, with Labour far ahead in the polls and having made substantial gains in Friday’s local elections.

Labour would introduce new rules so that for a certain period — for example six months — only first-time buyers would be able to buy homes in a new development, Labour officials told the Financial Times.

Individual councils would negotiate with developers as to how long sales would be limited and whether that period would start with the first sales off-plan or after projects are built.

Overseas buyers would not be able to purchase more than 50 per cent of the properties in a new development.

A Starmer government would also increase the surcharge on stamp duty — currently at 2 per cent — which overseas buyers already have to pay compared to domestic property buyers.

The idea of hitting non-UK residents with higher taxes — either stamp duty or a “penal rate of council tax” — has been looked at by Rishi Sunak’s government, according to one Tory official. But the proposal was quashed by Jeremy Hunt, chancellor last year, amid fears that it would “freeze” the property market and raise little money. The Treasury remains opposed.

Labour’s new proposals are expected to get the go-ahead this summer when the party draws up its final manifesto policies ahead of a general election expected next year.

The number of homes in England and Wales owned by overseas buyers has already almost tripled in a decade as residents of Asia and various tax havens have flooded into the market — prompting concerns about pricing out locals.

A recent analysis by the Centre for Public Data, a non-profit organisation, suggested that the number of residential properties in England and Wales registered to individuals based overseas jumped from under 88,000 in 2010 to about 250,000 in 2021.

Starmer’s plan echoes other initiatives in the world, with Denmark, Canada and Malta among countries to have restricted sales of homes to overseas residents.

But Luke Mills, head of UK residential at real estate advisers CBRE, said the policies could slow the flow of new urban apartment buildings — where developers like to sell a proportion of units in advance before they start construction.

The so-called “off plan” sales market is dominated by overseas investors although they only account for over 50 per cent in a minority of projects.

“It’s well-intentioned to let first-time buyers buy first, but working across the board it is unrealistic,” Mills said.

Stewart Baseley, executive chair of the Homebuilders Federation, said: “While prioritising UK buyers is key, some large-scale developments require upfront funding that (overseas) investor buyers can provide.”

However, Baseley said the industry approved of Labour’s broader focus on “prioritising housing supply”, particularly by addressing constraints in the planning system.

Companies building homes in rural and suburban locations have welcomed the pledge by Lisa Nandy, the shadow levelling-up secretary, to reform the planning system to ensure more homes can be built — taking on so-called “nimbies” that block projects in their areas.

Labour has also promised to build more social and affordable homes although its Treasury team has not yet resolved the question of how much more subsidy to offer housing associations.

Starmer would also introduce a new “more comprehensive” and permanent mortgage insurance scheme to help first-time buyers.


Source link

This Post Has 312 Comments

  1. AlanFup

    [url=]proscar cost canada[/url]

  2. IvyFup

    [url=]atenolol brand name usa[/url]

  3. EyeFup

    [url=]aurogra 200[/url]

  4. SueFup

    [url=]ivermectin purchase[/url]

  5. JosephPug

    [url=]stromectol order[/url]

  6. Davisdrync

    [url=]generic tetracycline prices[/url]

  7. JackFup

    [url=]accutane online india[/url]

  8. AlanFup

    [url=]where to get modafinil[/url]

  9. Richardbaisa

    [url=]tetracycline rx[/url]

  10. Richardbaisa

    [url=]can you order accutane online[/url]

  11. SueFup

    [url=]vermox tablet[/url]

  12. EyeFup

    [url=]8 flomax[/url]

  13. EyeFup

    [url=]synthroid 150 mcg[/url]

  14. WilliamTom

    [url=]generic amoxicillin[/url]

  15. AlanFup

    [url=]baclofen 2 cream[/url]

  16. AshFup

    [url=]20 mg paxil daily[/url]

  17. JoeFup

    [url=]cost of augmentin in india[/url]

  18. Curtisfuh

    [url=]online pharmacy pain medicine[/url]

  19. EyeFup

    [url=]buy antabuse pills[/url]

  20. Curtisfuh

    [url=]motilium australia[/url]

  21. AlanFup

    [url=]strattera 18 mg buy online[/url]

  22. WilliamTom

    [url=]clonidine buy online uk[/url]

  23. AlanFup

    [url=]diflucan online paypal[/url]

  24. Davidstype

    [url=]clonidine blood pressure[/url]

  25. DarrylEnarl

    [url=]where to buy diflucan pills[/url]

  26. IvyFup

    [url=]lasix generic cost[/url]

  27. AshFup

    [url=]cheap bactrim online[/url]

  28. Richardbaisa

    [url=]albuterol 0.5 over the counter[/url]

  29. EyeFup

    [url=]60 mg toradol[/url]

  30. WilliamTom

    [url=]strattera india price[/url]

  31. Curtisfuh

    [url=]can you buy vermox over the counter in usa[/url]

  32. Elwoodval

    [url=]can you order albuterol online[/url]

  33. Richardbaisa

    [url=]875 amoxicillin 125[/url]

  34. AlanFup

    [url=]amoxicillin 500 price[/url]

  35. SueFup

    [url=]tadalafil soft gelatin capsules[/url]

  36. Richardbaisa

    [url=]online albuterol prescription[/url]

  37. JoeFup

    [url=]vermox online uk[/url]

  38. AlanFup

    [url=]accutane prices uk[/url]

  39. IvyFup

    [url=]metformin 3000 mg[/url]

  40. Davidstype

    [url=]strattera 120 mg[/url]

  41. JosephPug

    [url=]valtrex pills price[/url]

  42. MaryFup

    [url=]bactrim 160[/url]

  43. MaryFup

    [url=]lexapro 10mg tablet[/url]

  44. Davisdrync

    [url=]clonidine hcl 0.1 mg[/url]

  45. Elwoodval

    [url=]diflucan over the counter canada[/url]

  46. DarrylEnarl

    [url=]ventolin pills[/url]

  47. Davidstype

    [url=]online pharmacy australia[/url]

  48. EyeFup

    [url=]clonidine erectile dysfunction[/url]

  49. Elwoodval

    [url=]can i buy azithromycin over the counter in canada[/url]

  50. Richardbaisa

    [url=]lasix 2.5 mg[/url]

  51. EyeFup

    [url=]azithromycin 2 pills[/url]

  52. SueFup

    [url=]where can i purchase voltaren gel[/url]

  53. IvyFup

    [url=]can you buy lasix in mexico without a prescription[/url]

  54. DarrylEnarl

    [url=]brand amoxil[/url]

  55. AlanFup


  56. SamFup

    [url=]toradol headache[/url]

  57. Davidstype

    [url=]prednisolone tablets uk[/url]

  58. AlanFup

    [url=]lasix oral[/url]

  59. Davidstype

    [url=]buy motilium online[/url]

  60. SamFup

    [url=]desyrel sleeping pill[/url]

  61. JoeFup

    [url=]diflucan uk online[/url]

  62. Davisdrync

    [url=]toradol 10mg pills[/url]

  63. AlanFup

    [url=]finasteride nz[/url]

  64. EyeFup

    [url=]lasix 100mg[/url]

  65. IvyFup

    [url=]diflucan pill costs[/url]

  66. SamFup

    [url=]motilium purchase online[/url]

  67. AlanFup

    [url=]where can i buy prednisolone tablets[/url]

  68. SueFup

    [url=]motilium tablet uk[/url]

  69. AshFup

    [url=]toradol prescription[/url]

  70. Curtisfuh

    [url=]glucophage 1200 mg[/url]

  71. SueFup

    [url=]voltaren 25[/url]

  72. Michaelhunse

    [url=]toradol brand name[/url]

  73. Elwoodval

    [url=]toradol 12.5[/url]

  74. Michaelhunse

    [url=]motilium purchase online[/url]

  75. DarrylEnarl

    [url=]metformin 750 mg price[/url]

  76. SueFup

    [url=]diflucan 50 mg tablet[/url]

  77. Samuelapape

    [url=]can you buy trazodone over the counter[/url]

  78. Davisdrync

    [url=]50 clonidine[/url]

  79. WilliamTom

    [url=]20mg cipralex[/url]

  80. AshFup

    [url=]online pharmacy motilium[/url]

  81. AshFup

    [url=]discount valtrex online[/url]

  82. SamFup

    [url=]best place to buy cialis[/url]

  83. Davisdrync

    [url=]buy 2 diclofenac online[/url]

  84. MaryFup

    [url=]accutane price buy[/url]

  85. EyeFup

    [url=]metformin 178[/url]

  86. Elwoodval

    [url=]azithromycin 500mg cheap[/url]

  87. Richardbaisa

    [url=]cheapest pharmacy canada[/url]

  88. Davisdrync

    [url=]how to buy strattera online[/url]

  89. MaryFup

    [url=]motilium tablet 10mg[/url]

  90. JoeFup

    [url=]toradol tablet price[/url]

  91. Richardbaisa

    [url=]online pharmacy same day delivery[/url]

  92. DarrylEnarl

    [url=]lasix with no prescription[/url]

  93. IvyFup

    [url=]accutane canada pharmacy[/url]

  94. SamFup

    [url=]furosemide 40mg tabs[/url]

  95. WilliamTom

    [url=]prednisolone cheap[/url]

  96. Davisdrync

    [url=]strattera discount[/url]

  97. JosephPug

    [url=]buy fluconazole no rx[/url]

  98. SamFup

    [url=]toradol brand name[/url]

  99. Davisdrync

    [url=]accutane 5mg[/url]

  100. ZakFup

    [url=]propecia cost[/url]

  101. DarrylEnarl


  102. JackFup

    [url=]buy motilium australia[/url]

  103. WilliamTom

    [url=]diclofenac 50mg[/url]

  104. ZakFup

    [url=]voltaren gel 30g[/url]

  105. Curtisfuh

    [url=]trazodone discount coupon[/url]

  106. Michaelhunse

    [url=]clonidine uk buy[/url]

  107. Michaelhunse

    [url=]where can i buy metformin[/url]

  108. Richardbaisa

    [url=]buy albuterol online[/url]

  109. Samuelapape

    [url=]furosemide 80[/url]

  110. JosephPug

    [url=]diflucan pill otc[/url]

  111. ZakFup

    [url=]metformin 40 mg[/url]

  112. Michaelhunse

    [url=]where to buy diflucan pills[/url]

  113. SueFup

    [url=]toradol for migraines[/url]

  114. EyeFup

    [url=]where to buy nolvadex[/url]

  115. ZakFup

    [url=]canadian pharmacy coupon code[/url]

  116. Curtisfuh

    [url=]canada otc diflucan[/url]

  117. Michaelhunse

    [url=]where to buy vermox[/url]

  118. WilliamTom

    [url=]where to buy generic cialis online[/url]

  119. DarrylEnarl

    [url=]amoxicillin 500mg buy online canada[/url]

  120. AshFup

    [url=]accutane pharmacy[/url]

  121. Michaelhunse

    [url=]can you buy vermox over the counter[/url]

  122. Richardbaisa

    [url=]where can you get diflucan over the counter[/url]

  123. WilliamTom

    [url=]metformin prescription cost[/url]

  124. Elwoodval

    [url=]vermox buy online uk[/url]

  125. WilliamTom

    [url=]order diflucan med[/url]

  126. Elwoodval

    [url=]metformin over the counter canada[/url]

  127. MaryFup

    [url=]metformin 500 mg brand name[/url]

  128. AlanFup

    [url=]bactrim buy[/url]

  129. WilliamTom

    [url=]toradol for kidney stone pain[/url]

  130. Samuelapape

    [url=]purchase prednisolone[/url]

  131. JackFup

    [url=]azithromycin 500 mg tablets cost[/url]

  132. IvyFup

    [url=]prednisolone 5 mg tablet[/url]

  133. SamFup

    [url=]lasix with no prescription[/url]

  134. Richardbaisa

    [url=]purchase propecia[/url]

  135. SamFup

    [url=]diflucan 1 pill[/url]

  136. Michaelhunse

    [url=]zithromax over the counter[/url]

  137. JoeFup

    [url=]clonidine hcl for sleeping[/url]

  138. Davisdrync

    [url=]1000 mg glucophage[/url]

  139. Richardbaisa

    [url=]cheap voltaren gel[/url]

  140. Samuelapape

    [url=]canadian pharmacy coupon[/url]

  141. EyeFup

    [url=]foreign pharmacy no prescription[/url]

  142. SueFup

    [url=]best price zithromax 250mg[/url]

  143. Davidstype

    [url=]lasix 20 mg tabs[/url]

  144. SueFup

    [url=]can you buy zoloft over the counter[/url]

  145. AlanFup

    [url=]gabapentin 900[/url]

  146. Davisdrync

    [url=]sildenafil price 100mg[/url]

  147. SamFup

    [url=]buy stromectol online uk[/url]

  148. AlanFup

    [url=]ivermectin price usa[/url]

  149. IvyFup

    [url=]prescription propecia 1mg[/url]

  150. IvyFup

    [url=]international online pharmacy[/url]

  151. SamFup

    [url=]amoxicillin 875[/url]

  152. Davidstype

    [url=]tadalafil soft gel capsule 20mg[/url]

  153. IvyFup

    [url=]augmentin 875 generic price[/url]

  154. Davisdrync

    [url=]buy cialis daily use online[/url]

  155. Elwoodval

    [url=]acyclovir 800 mg pills[/url]

  156. Davisdrync

    [url=]generic daily use cialis[/url]

  157. IvyFup

    [url=]which pharmacy is cheaper[/url]

  158. IvyFup

    [url=]zoloft 25 mg price[/url]

  159. EyeFup

    [url=]tops pharmacy[/url]

  160. Curtisfuh

    [url=]cialis .com[/url]

  161. Curtisfuh

    [url=]quineprox 90[/url]

  162. Curtisfuh

    [url=]ivermectin cost[/url]

  163. Richardbaisa

    [url=]prednisone 10 tablet[/url]

  164. JoeFup

    [url=]propecia online pharmacy[/url]

  165. SamFup

    [url=]safe canadian pharmacy[/url]

  166. Davidstype

    [url=]augmentin 457 price[/url]

  167. JackFup

    [url=]online no prescription wellbutrin[/url]

  168. AlanFup

    [url=]buy prednisolone tablets[/url]

  169. EyeFup

    [url=]stromectol buy[/url]

  170. Davidstype

    [url=]buy gabapentin online usa[/url]

  171. Richardbaisa

    [url=]prednisolone 4mg cost[/url]

  172. MaryFup

    [url=]price of stromectol[/url]

  173. WilliamTom

    [url=]fildena canada[/url]

  174. AshFup

    [url=]ivermectin 0.5 lotion[/url]

  175. Richardbaisa

    [url=]can you buy lasix over the counter[/url]

  176. AlanFup

    [url=]generic for valtrex[/url]

  177. JackFup

    [url=]ivermectin where to buy[/url]

  178. SamFup

    [url=]cheap finasteride 5mg[/url]

  179. AlanFup

    [url=]generic propecia online cheap[/url]

  180. SamFup

    [url=]no prescription needed pharmacy[/url]

  181. Davidstype

    [url=]cialis for daily use online[/url]

  182. SueFup

    [url=]propecia pills for sale[/url]

  183. MaryFup

    [url=]propecia discount coupon[/url]

  184. JosephPug

    [url=]how to get sildenafil prescription[/url]

  185. AlanFup

    [url=]buy stromectol online[/url]

  186. EyeFup

    [url=]purchase generic propecia[/url]

  187. JosephPug

    [url=]buy lasix tablets india[/url]

  188. MaryFup

    [url=]gabapentin 600mg[/url]

  189. DarrylEnarl

    [url=]amoxicillin 500mg price[/url]

  190. DarrylEnarl

    [url=]us pharmacy[/url]

  191. AshFup

    [url=]25mg prednisolone[/url]

  192. AshFup

    [url=]tamoxifen citrate nolvadex[/url]

  193. Davidstype

    [url=]where can you buy zofran[/url]

  194. Elwoodval


  195. AshFup

    [url=]buy clonidine without prescription[/url]

  196. Richardbaisa

    [url=]drug furosemide[/url]

  197. WilliamTom

    [url=]tadalafil 75 mg[/url]

  198. SamFup

    [url=]buy propecia 1mg[/url]

  199. WilliamTom

    [url=]amoxicillin 325[/url]

  200. Curtisfuh

    [url=]canadian viagra cheap[/url]

  201. Davisdrync

    [url=]buy cheap lisinopril 40 mg no prescription[/url]

  202. Curtisfuh

    [url=]synthroid 37.5 mcg[/url]

  203. JoeFup

    [url=]covid ivermectin[/url]

  204. Richardbaisa

    [url=]plaquenil price us[/url]

  205. EyeFup

    [url=]canada pharmacy online[/url]

  206. EyeFup

    [url=]prednisolone tablets 4mg[/url]

  207. Davisdrync

    [url=]10mg tadalafil[/url]

  208. Davidstype

    [url=]lisinopril 80[/url]

  209. AlanFup

    [url=]stromectol 3 mg dosage[/url]

  210. WilliamTom

    [url=]5mg propecia tablets[/url]

  211. AshFup

    [url=]cephalexin 400 mg[/url]

  212. Richardbaisa

    [url=]albuterol 990 mcg[/url]

  213. Davidstype

    [url=]prednisone 5mg pack[/url]

  214. AshFup

    [url=]prednisolone 3 mg[/url]

  215. AshFup

    [url=]nolvadex canada[/url]

  216. SamFup

    [url=]cost of ivermectin[/url]

  217. MaryFup

    [url=]amoxicillin 825[/url]

  218. AshFup

    [url=]where to get clonidine[/url]

  219. AlanFup

    [url=]finasteride generic[/url]

  220. MaryFup

    [url=]zyban price in south africa[/url]

  221. SamFup

    [url=]buy valtrex online india[/url]

  222. Davidstype

    [url=]prednisone 50 mg tablet cost[/url]

  223. Davidstype

    [url=]price of ivermectin[/url]

  224. JosephPug

    [url=]buy provigil online canada[/url]

  225. Davidstype

    [url=]zestoretic 10 12.5[/url]

  226. WilliamTom

    [url=]doxycycline 40 mg generic cost[/url]

  227. AlanFup

    [url=]generic valtrex online pharmacy[/url]

  228. Elwoodval

    [url=]doxycycline 300 mg price[/url]

  229. Richardbaisa

    [url=]priligy dapoxetine[/url]

  230. JosephPug

    [url=]budesonide 6 mg[/url]

  231. JosephPug

    [url=]zovirax for genital herpes[/url]

  232. Richardbaisa

    [url=]can you buy fluoxetine over the counter[/url]

  233. IvyFup

    [url=]global pharmacy[/url]

  234. WilliamTom

    [url=]zithromax generic cost[/url]

  235. Samuelapape

    [url=]viagra 50mg price in india online[/url]

  236. JosephPug

    [url=]cephalexin 500mg prescription[/url]

  237. JosephPug

    [url=]prednisolone sod[/url]

  238. Curtisfuh

    [url=]azithromycin 250[/url]

  239. IvyFup

    [url=]where to buy valtrex[/url]

  240. AshFup

    [url=]prednisolone tablets 4mg[/url]

  241. Elwoodval

    [url=]buying clomid uk[/url]

  242. Davisdrync

    [url=]buy prednisolone online uk[/url]

  243. Davidstype

    [url=]keflex antibiotics[/url]

  244. AshFup

    [url=]buy tamoxifen 20mg uk[/url]

  245. AshFup

    [url=]prednisolone drug[/url]

  246. DarrylEnarl

    [url=]budesonide 9 mg tablets[/url]

  247. Richardbaisa

    [url=]prozac purchase[/url]

  248. Davisdrync

    [url=]prednisolone 5 mg tablet without a prescription[/url]

  249. Richardbaisa

    [url=]buy 100mg clomid uk[/url]

  250. Curtisfuh

    [url=]propecia prescription nz[/url]

  251. Richardbaisa

    [url=]cost of propecia generic[/url]

  252. Richardbaisa

    [url=]azithromycin z-pack[/url]

  253. Davidstype

    [url=]zyban 75 mg[/url]

  254. Davidstype

    [url=]best modafinil brand india[/url]

  255. WilliamTom


  256. Davisdrync

    [url=]buy lasix without presciption[/url]

  257. AshFup

    [url=]best european online pharmacy[/url]

  258. Davisdrync

    [url=]can you order valtrex online[/url]

  259. AshFup

    [url=]medication vantin[/url]

  260. Elwoodval

    [url=]cefixime online[/url]

  261. Davidstype

    [url=]sumycin 250 mg[/url]

  262. Davidstype

    [url=]cefixime 500 mg tablet price[/url]

  263. AshFup

    [url=]doxycycline drug[/url]

  264. JosephPug

    [url=]seroquel 5 mg[/url]

  265. Richardbaisa

    [url=]chloromycetin over the counter[/url]

  266. JosephPug

    [url=]chloromycetin without prescription[/url]

  267. EyeFup

    [url=]minocycline 100 mg tablet[/url]

  268. Davidstype

    [url=]azithromycin 1000mg tablets[/url]

  269. AshFup

    [url=]cost of tamoxifen tablets[/url]

  270. JosephPug

    [url=]advair 250 price canada[/url]

  271. JosephPug

    [url=]modafinil 100mg cost[/url]

  272. Davidstype

    [url=]polish pharmacy online uk[/url]

  273. AshFup

    [url=]cefixime 200 mg price[/url]

  274. Davisdrync

    [url=]finasteride drug[/url]

  275. Davidstype

    [url=]propecia drug in india[/url]

  276. WilliamTom

    [url=]fildena 100 india[/url]

  277. AshFup

    [url=]lasix buy[/url]

  278. DarrylEnarl

    [url=]accutane pills online[/url]

  279. Richardbaisa

    [url=]diflucan 150 mg fluconazole[/url]

  280. Elwoodval

    [url=]generic valtrex[/url]

  281. Davidstype

    [url=]minocin 100[/url]

  282. IvyFup

    [url=]buy accutane online without prescription[/url]

  283. DarrylEnarl

    [url=]plaquenil eye[/url]

  284. AshFup

    [url=]cheap generic cipro without prescription[/url]

  285. Davidstype

    [url=]suhagra 100 canada[/url]

  286. AshFup

    [url=]where to buy valtrex[/url]

  287. AshFup

    [url=]can you buy zoloft online[/url]

  288. Davidstype

    [url=]strattera 80 mg capsule[/url]

  289. Davisdrync

    [url=]budesonide brand name australia[/url]

  290. AshFup

    [url=]plaquenil online[/url]

  291. Samuelapape

    [url=]albuterol fast shipping[/url]

  292. Elwoodval

    [url=]paxil depression[/url]

  293. Davidstype

    [url=]zoloft medicine price[/url]

  294. WilliamTom

    [url=]buy modafinil with visa[/url]

  295. JackFup

    [url=]where to buy orlistat in south africa[/url]

  296. Elwoodval

    [url=]tadacip 20mg[/url]

  297. DarrylEnarl

    [url=]buy tadacip 20 mg[/url]

  298. Elwoodval

    [url=]aurogra 100 uk[/url]

  299. DarrylEnarl

    [url=]tetracycline tablets 250mg[/url]

  300. Michaelhunse

    [url=]buy tadacip uk[/url]

  301. JosephPug

    [url=]buying clomid online[/url]

  302. JosephPug

    [url=]rate canadian pharmacies[/url]

  303. Davidstype

    [url=]effexor 37 mg[/url]

  304. DarrylEnarl

    [url=]generic motrin 800[/url]

  305. Elwoodval

    [url=]buy kamagra pills australia[/url]

  306. AshFup

    [url=]doxycycline 100 mg cost generic[/url]

  307. Elwoodval

    [url=]trazodone canada[/url]

  308. Elwoodval

    [url=]top mail order pharmacies[/url]

  309. AshFup

    [url=]sildenafil 2.5 mg[/url]

Leave a Reply