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Agree with you in principle. Part of the problem is that because the UK has such a huge trade deficit with the rest of the world the government welcomes overseas investment (frequently the proceeds of money laundering) into the domestic real estate market to balance the books. Take that money...

Absolutely

Regardless of one's political leanings, the extent of foreign ownership of property in the UK, especially London (and within that Kensington being particularly attractive) is scary. Many of these properties are vacant, simply because the owners, who are frequently nameplate companies...