Owners of around 50,000 UK properties held by foreign companies remain hidden from public view, despite new transparency laws.
The Register of Overseas Entities, launched in August 2022, was meant to reveal who ultimately owns UK property.
But analysis by BBC News and Transparency International found that almost half of the firms required to declare who was behind them failed to do so.
Labor MP Margaret Hodge said the legislation was not “fit for purpose”.
A UK government spokesperson said the register has been an “invaluable source of information for