Shell company frontmen face prison sentences in crackdown on dirty money in UK property market | The Independent

Shell company frontmen face prison sentences in crackdown on dirty money in UK property market | The Independent: Billions of pounds flowing into the UK property market through foreign companies has pumped up house price growth by more than a quarter, according to new research. Average prices across England and Wales rocketed from £70,000 in 1999 to £215,000 in 2014 while they would have risen to £174,000 without an influx of foreign cash a study by King’s College London shows.