Really good news,further to our letter to the editor[Manawatu Standard]concerning the idea of a property investor register.U.S.investors who bought large housing estates in London that once were affordable public housing,are on the verge of selling one of them to an affordable housing provider.
It represents a dramatic climb down by Westbrook Partners [An asset management firm based in New York].The sale is likely to send shock waves through the booming international investment market.There is always the possibility that with the government intending to dispose of a large number of its affordable housing stock, they could go the way of these investment companies from overseas.
Westbrook Partners faced a storm of opposition from the British Labour party and from Conservative Mayor Boris Johnson,who all demanded a rethink on their plans. A number of tenants from the 93 home estate mounted a campaign to save their affordable homes,they enlisted the support of comedian and inequality campaigner Russell Brand.The tenants organised a petition,and 300,000 signed it,
they marched to the Prime Ministers Office[10 Downing Street ] and presented to the PM.
So there you go ,just show's you what a bit of collective action can achieve,it was a moral victory for the tenants.The need for a register of landlords/property investors is needed for this