Episode Details

London’s housing crisis just got wilder—over 100,000 empty homes, mostly owned by overseas investors, are driving up prices and pushing locals to the outskirts. These vacant properties, especially in prime areas, aren’t just sitting idle—they’re fueling a market where global buyers outbid locals, creating a “doughnut” city with a hollow center. Experts warn that building more homes isn’t enough if it just attracts foreign cash. While the city pushes new policies and tax tweaks, critics say current measures fall short. The Deputy Mayor argues that expanding affordable housing is the real fix, and the city is already buying back some previously empty homes.

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