Finance
The Value of Cash Buyers: A third of property deals now mortgage-free
The proportion, if not the number, of cash property buyers is on the rise, according to a new report from Hamptons. Just over 25% of deals were for cash in 2007; 33% over the past 12 months.
Savills’ top 12 big ticket resi development lenders
Lending for resi developments is on the up, according to a new survey from Savills. which identifies the top 12 big sum (£10m+) lenders.
Camden to offload £223m resi portfolio
It sounds like Camden Council is looking for some help in selling off a whopping £223m portfolio of resi assets.
Aviva moves out of London prime
Aviva Investors is moving away from prime London property investments, with the firm's Property Trust manager Philip Nell arguing that overseas money "has pushed prices to ridiculous levels in our view."
London homes should be exempt from stamp duty – BoJo
Boris Johnson used his speech at the Tory Party Conference to ask the Chancellor to exempt London homes from the "baleful effects" of stamp duty.
Mansion Tax: An assault on heritage
It’s that time of year again and once again the rumble of a mansion tax echoes around the conference halls, says leading historic building consultant Ben Furnival, as he calls for exemptions at least…
“Notable increase in investor demand” for PCL residential
"Prime London Central residential has firmly carved its place in a balanced portfolio and is no longer looked upon as commercial property’s country cousin," says London Central Portfolio as it opens…
Stamp Duty Lose-Lose: Why more means less for the Exchequer’s coffers
Following the recent SDLT changes, the number of property transactions above £2m has fallen and the Revenue receives less tax from industries associated with the property sector.
Knight Frank to hit $1bn turnover in 2017
Knight Frank LLP, the self-proclaimed "world’s leading independent property advisor", has had a rather good year.
Countrywide makes a £34m move on commercial
The UK's biggest residential property group, Countrywide plc - which owns a swathe of high street resi brands including Hamptons, John D Wood and Faron Sutaria - is making a major move into the commercial…
Rich Brits’ need for “colossal grouse moorland” and “great schlosses in the Home Counties” getting in the way of mega-philanthropy – B.Johnson
"And I'll get myself into terrible trouble here...
Country Pursuit: Rural estates continue to perform
The UK's rural estates continue to perform from an investment point of view, according to Savills' latest data, thanks mainly to strong showings from the resi and agricultural sectors.