Key speech by Lord Adebowale (Member of House of Lords) boss of CentrePoint about emerging markets.
Highlights:
- Starter homes cost in London cost between £300-350,000 therefore not affordable to people with income less than £77,000.
- Why would a foreigner from the Far East each come to London, buy 27 flats and leave them empty? The system allows it, but it's wrong. Isn't it?
- What's the role of the Commonwealth club to incentivise investment in emerging markets.
- What is the role of the diaspora in enhancing the investment in emerging markets.
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