At least STG122 billion ($A222.69 billion) in property in England and Wales has hard-to-trace ownership via companies in offshore tax havens, the Financial Times reports.

The finding, made through analysis of Land Registry data, “raises concern that London property in particular has become a haven for dirty money from around the world”, the newspaper reported in an investigation. The investigation is likely to further fuel debate on overseas ownership. Steeply rising house prices – partly…