Faceless foreigners stash £100bn in UK property

Property in England and Wales worth more than £100bn is owned by anonymous companies registered in tax havens, according to an analysis of Land Registry data.

About 40% of the 87,000 properties are in London, including 134 in Cadogan Square, Knightsbridge, where the average property costs £3m.

Global Witness, an anti-corruption campaign group, is publishing the analysis today and is giving evidence this afternoon to a parliamentary committee reviewing a draft bill that could require owners to be identified.

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