Petition · past parliament
Introduce a Singapore style additional stamp duty for overseas buyers in London.
Closed
46 signatures
What the petition asks
London's painful housing crisis is being exacerbated by Foreign Investors using the city's property market as a shelter for
dirty money.
The government of Singapore responded to similar speculation by introducing an additional 15% tax on foreign purchasers in the city state.
dirty money.
The government of Singapore responded to similar speculation by introducing an additional 15% tax on foreign purchasers in the city state.
Research by Knight Frank shows in Prime Central London 49% of sales go to overseas buyers, while in inner London the figure is 20%.
'Buy-to-Leave' investment has irreversibly changed many of London's most famous neighborhoods, with whole streets of 'ghost houses'.
The weakness of the global economy and instability in traditional investments if making the problem worse; as the global wealthy look for a safe parking place for their money.
'Buy-to-Leave' investment has irreversibly changed many of London's most famous neighborhoods, with whole streets of 'ghost houses'.
The weakness of the global economy and instability in traditional investments if making the problem worse; as the global wealthy look for a safe parking place for their money.
Timeline
| 17 Feb 2016 | Petition opened for signatures |
| 17 Aug 2016 | Closed to new signatures |
Key facts
Signatures
46
Status
Closed
Opened
17 Feb 2016
Closed
17 Aug 2016
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Source: the official petition page. Last checked 15 Jul 2026.