Evening Standard: "Eight out of 10 homes in flagship London schemes sold to overseas buyers"

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"Up to four out of five homes in some of the capital's most high-profile new housing developments have been sold to overseas owners in fresh evidence of London buyers being squeezed out, a report warned today.

"An analysis into the ownership of just over 2,000 flats or houses in 14 developments shows that 1,616 of the homes were purchased by individuals or companies from abroad, says the report's author, anti-corruption campaign group Transparency International.

"The negative impact on London is made worse by the fact that 40 per cent of purchases, totalling £1.6 billion, in the new developments were by investors from countries with a 'high risk' of corruption, says the report."