Is London property really based on dirty money?

Discussion in 'UK Property' started by Nicholas Wallwork, Mar 4, 2015.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    A report by anticorruption organisation Transparency International has cast a very dark shadow across the London property market amid accusations that billions of pounds of laundered money has found its way into the UK. This is not the first time that the London property market has been mentioned as a potential money-laundering magnet but some [...]

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  2. important as a driving force underpinning London's house prices. Concern is whether it disappears given that could be harmful for many
     
  3. LittleMissFortune

    LittleMissFortune New Member

    If we can get a foothold on the London property market. Then so long as the prices go up I'll be happy :)
     
  4. eddyarchy

    eddyarchy New Member

    London is a great country to invest in property as the prices do grow steadily.
     
  5. Ged Ward

    Ged Ward Asia's Premier mortgage Broker

    I would think to a degree there is a certain amount of dirty money in London as
    in all cities but a majority is from law abiding citizens

    Regards

    Ged
     
  6. Nathan Green

    Nathan Green New Member

    Perhaps there's dirty money involved but it's not surprising at all. There's dirty money in every business. But if you are a law abiding citizen that won't concern you that much. It depends on you - will you choose the dark side?
     
  7. valueproperty

    valueproperty New Member

    solicitors now performs the verification check on the buyer to prevent money laundering activities with background checks
     
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