Andy, the point I am making is that yes, you are correct, incentives are being made to overseas investors which exclude EU and UK residents/citizens and thus leading to unoccupied properties in this city.These are sold as investments. Not as homes. Just like bitcoins.At best they are holiday homes. Occupied for a month or two.I've visited dozens over the last 5 years. It is well reported from the Guardian to the Telegraph. The BBC and Channel 4 have all raised this. Are we all completely wrong?The government Housing Select committee report fell way short of reality leaving many questions unanswered. I'm hardly surprised, it is extremely difficult to find out details.No doubt you are also aware that after several years of complete denial, Boris Johnson changed his view in his final months of office and that the current mayor raised this very issue during his election campaign.The second point is yes, incentives are made to non-UK and EU citizens who are also non UK residents. Why? Especially when as you say primary UK sales are flatlining.No such incentives were offered here. Not to ordinary people. It was also a practice for multiple Buy to Let purchasers to get a discount. That's a whole other issue which threatens the rental market as it has reached saturation point.Good news for renters at least.It is not restricted to Ealing - at present Ealing as far as I know, does not have any property currently being marketed overseas. But it is long established in Hounslow, Lambeth, Greenwich,Wandsworth Westminster, Southwark, Tower Hamlets and K&C and several others in London.I've been involved with research into this for over 7 years now and you are right, some circumstances in markets have changed. It has altered a bit in the last 12 months.But the buildings are up, the damage done, the profits made.Nonetheless, even with recent events, the market in London remains one of the most profitable over a shorter term than other cities and clearly the loopholes exist.Councils remain too quiet about this. It suits them. They get full council tax for unoccupied property but gain from not having to provide any services.Don't get this confused with social housing or 'affordable housing' where sub-letting and poverty is more of an issue. This is higher end property and new build property marketed as high end.It's far from convenient for me not to disclose evidence. It would be a lot easier. It is the hard gained labour of a small team and it is theirs, not mine, to fully disclose. It will be published in due course, and it focuses on other locations.My concern is Ealing are going down the same road wooed with intentions by developers overriding what is really needed.What is apparent is there are a lot of empty quality dwellings, too many. In a densely populated city. Granting planning to developments which will primarily be marketed abroad while a domestic shortage is simply not right.
Mark Kehoe ● 3190d