DavidS wrote:ah, okay, that makes sense nowrosepetal wrote:DavidS wrote:when you say council tax, you do just mean for the luxury buildings, yeah?Alternatively, within central London, the council tax could be doubled, tripled whatever - with a corresponding tax credit being applied for providing some sort of proof that you were in the area each quarter.
cause council tax is high enough in the littler buildings as is!
No, I meant for every building - but a corresponding tax credit being applied would mean that the actual amount that we have to pay does not increase, as we can all provide proof that we are actually living in the area.
The actual amount paid by people living in the luxury buildings would also not increase - but foreign investors who decide to leave their properties empty would either have to make regular trips to London or face a 1-2% loss of profit (which, on paper, would be enough to make other investments more appealing)
AntBorough wrote:not quite sure how any new build however luxurious would impact on anyone else's council tax? in southwark council tax is relatively low and has been that way for a good while nowExcuse my ignorance here but does having all these luxury new builds in my neighbourhood increase my Council Tax? It annoys me so much that even though I live in social housing with no right to buy, my council tax will increase because of the new luxury property being built a few doors down !! In no shape or form do I benefit from this, if fact , quite the opposite.
And what exactly is affordable about a one bed at 350k
It appears that every available space in and around the Borough is being used for new builds be it student accommodation or these luxury flats.
boroughpaul wrote:An awful lot being said here about foreign (Chinese) investors buying up property as a safe haven for their money and leaving the said property empty. I don't recall the same kind of disapproval of Brits buying homes in say, France and Spain only going there on holiday or Londoners buying second homes in Cornwall, Wales and Suffolk. It's no different people, this isn't something very new ...what is new is that London is now seen as a good property investment bet.
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