Bloomberg: Ultra-wealthy pull cash from mansions to buy beaten-down assets

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Tom Metcalf reports for Bloomberg how UHNW homeowners are turning to their real estate holdings to access cash as the pandemic pummels global markets

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Main image: Ovington Court, Knightsbridge £2,500,000
An eighth floor flat with far reaching north westerly views over Montpelier Village towards the Albert Hall, beautifully presented to provide three bedrooms. Portered block with lift. 950 sq ft/88m2 GIA. Three bedrooms/ two bathrooms (one en-suite), kitchen open to reception. (Ames Belgravia)

Feature

Professors Colin Jones and Abdulkader Mostafa of Heriot-Watt University and Edinburgh Business School have explored the bottom-line implications of buying a home rather than renting.
News

The 3% SDLT surcharge and the reduction of mortgage interest tax relief have changed the shape of the buy-to-let market
News

Bank Holiday weekend newspapers carry "leaks" of Treasury plans for a "£30bn triple tax raid" and/or a "quintuple whammy of tax increases".