England For Sale

British satirical periodical Private Eye has created an interactive map which shows the amount of English linguistic communication & Welsh state that has been bought upwards past times offshore companies. Selling England past times the Offshore Pound uses Land Registry information to plot all state parcels registered inwards the advert of an offshore companionship betwixt 2005 together with July 2014.

The province of affairs inwards London inwards item is extremely depressing. As Private Eye reports state is oftentimes beingness bought past times offshore companies for 'tax avoidance together with ... to conceal dubious wealth'. The resultant of all this offshore investment is to stoke upwards the toll of belongings inwards London. Buying a household inwards London has hence croak unaffordable for to a greater extent than or less everyone except the really rich.

Many of these offshore owned properties are too left empty for long periods of the year. This removes the belongings from the rental market, effectively pushing upwards the toll of renting a belongings inwards London. The other lawsuit of all these empty properties is to destroy local businesses many of whom run inwards i time active residential areas which are instantly deserted for much of the year.