Foreigners must be stopped from buying UK homes with plundered or laundered cash and a global effort launched to defeat corruption, David Cameron will say in a speech later. Cameron will vow to expose the use of anonymous shell companies to buy luxury UK properties - often in London.
The International Monetary Fund (IMF) has warned the government that accelerating house prices and low productivity pose the greatest threat to the UK's economic recovery. Rising property values could leave households more vulnerable to income and interest rate shocks.
Bank of England governor Mark Carney has said he is concerned about the potential for a UK housing market bubble, but will tighten lending requirements if necessary. Meanwhile, a survey suggested house prices will continue surging ahead.