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  "publishedAt": "2026-06-10T08:59:40.000Z",
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  "tags": [
    "It was Britain’s most expensive house. Why is its only resident a homeless man who lives on the porch?",
    "a paper published in April"
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  "textContent": "It was Britain’s most expensive house. Why is its only resident a homeless man who lives on the porch?\n\n> The ownership of properties like this is not always obvious or transparent. “Often, companies in tax or secrecy havens are used as the vehicle for these investments, making understanding this property class challenging,” wrote Jonathan Bourne, a researcher at University College London, in a paper published in April. Bourne and his colleagues found that, over the past decade, the value of offshore residential property in England and Wales had increased from £64bn to £80bn. London is the hub, with 47,000 overseas-owned residential properties – 45% of the total and 81% by value.\n> Zooming in, 50% of the total value lies in just two of the 318 local authorities in England and Wales: Westminster (34%) and Kensington and Chelsea (16%). Rutland Gate is in the former, very close to the border with the latter.",
  "title": "The ownership of properties like this is not always obvious or transparent. “Often, companies in tax…"
}