London- and UK -based homebuyers will have exclusivity on low-cost new-builds worth up to £ 350,000 in the city, as 26 UK housebuilders, including Sadiq Khan , Sadiq Khan , Barratt London and Berkeley Homes , join an initiative led by London Mayor Sadiq Khan . The Centre for Policy Studies has also called for measures to ensure UK-based buyers are able to access new housing stock. Sales will be restricted to London buyers for one month and UK buyers for three months before marketing overseas. Research commissioned by the mayor's office found 26 of new London properties purchased by overseas buyers were priced 350,000 . Conservative MP Chris Philp has called for 50% of all new property developments to be ring-fenced for UK buyers.
London- and UK -based homebuyers will have exclusivity on low-cost new-builds worth up to £ 350,000 in the city, as 26 UK housebuilders, including Sadiq Khan , Sadiq Khan , Barratt London and Berkeley Homes , join an initiative led by London Mayor Sadiq Khan . Sales will be restricted to London buyers for one month and UK buyers for three months before marketing overseas. Research commissioned by the mayor's office found 26 of new London properties purchased by overseas buyers were priced 350,000 . Conservative MP Chris Philp has called for 50% of all new property developments to be ring-fenced for UK buyers.