The National Association of Estate Agents (NAEA) has welcomed the decision by the government to establish a public register of beneficial ownership information.
David Cameron announced the move on the day of the anti-corruption conference in London.
Mark Hayward, NAEA managing director, said: “We very much welcome the Prime Minister’s pledge to ensure that anonymous individuals will no longer be able to buy properties in the UK using shell companies to hide their identity.
“Properties allegedly bought with dirty money impacts supply in the housing market as they are unavailable to potential other buyers who really do want a ‘home’.
“Of course the devil is always in the detail and the most important element here is who the responsibilities will sit with and how this will be enforced across the housing buying process.”
