UK to Crack down on Foreign Money Laundering in Real Estate

The UK prime minister, David Cameron was recently in Singapore to give a speech at the Lee Kuan Yew School of Public Policy. During the speech Mr Cameron outlined plans to clamp down on foreign criminals who are using shell companies to invest in real estate in London. The announcement came after the National Crime […]

Foreigners spending billions on luxury London homes

Savills plc recently released its “World in London” report, which says that foreigners will spend $6 billion on luxury homes in the UK capital this year, partially due its reputation as a financial haven and the continuing weak value of the pound. The pound has lost 18% against a number of currencies since the end […]

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