The effect of corrupt money on London’s property is to help raise prices, which can affect prices further down the market in a ripple effect, and encourages developers to build more of these luxury pads for investment rather than concentrating on the homes London genuinely needs. To combat this — and to make sure London isn’t a haven for the results of corruption — Transparency International recommends that any foreign company intending to hold a property title in the UK should be held to the same standards of transparency required of UK registered companies. Sounds simple enough. Let’s see if it happens.
'How Corrupt Is The Property Market In Your Borough?'
Londonist
concludes,