Finance
Asian activity and London demand drive Savills’ profits up 21%
Savills' pretax profits rose 21% to £60.8m on a group revenue of £806.4m (up 12% on the year) in 2012, thrashing most analysts' expectations.
“Hostile” tax regime is forcing HNW non-doms out of Britain
The number of UK taxpayers registered with HMRC as non-domiciled (non-doms) has fallen by a further 2,000 in one year as the impact of the £30,000 annual non-dom levy continues to bite, according to law…
HNWs: Bullish about the investment year ahead
That "appetite for risk" phrase has cropped up again. This time in deVere Group's annual global investor confidence survey.
Mansion Tax debate: this afternoon
A quick refresher in advance of this afternoon's House of Commons debate on introducing a mansion tax..
Labour's motion (a near carbon-copy of what Vince Cable came up with last year):
British Land to raise £500m for property investments
British Land, the enormous property investor, has just announced a new £500m share placing.
Labour’s mansion tax plan defeated in the Commons
Labour's motion for a Mansion Tax on properties worth over £2m has been defeated by 304 votes to 241 in the House of Commons, after the Liberal Democrats sided with the Conservatives.
Investors want stuff they can touch; cash and resi property are king
Consumers prefer to invest in assets that they "can physically touch," according to research from Paxton Private Finance.
BLME completes £12m Sharia loan for Kensington resi development
BLME, the largest Islamic bank in Europe, has completed on a £12m, two year loan facility to Curzon Asset Management for the development of nine luxury apartments in Kensington.
World’s wealthy set to grow by 50% in the next decade as “appetite for risk” returns
The global stock of high net worth individuals (HNWIs) grew by 8,700 (5%) last year, and is expected to increase by 50% over the next 10 years, according to Knight Frank's magnificent seventh Wealth Report.
The return of risk to drive European property investment – CBRE
"Appetite for risk" is the phrase of the day, cropping up today in both Knight Frank and CBRE research reports.
Required Reading: Investor Visas
Sarah Conway of Maurice Turnor Gardner runs through the best options for international HNWs looking to buy into the UK...
New Scottish land tax could drive prime buyers south of the border
Strutt & Parker has warned that Scotland's Stamp Duty replacement, due to kick-in in 2015, could wobble the top-end of the property market north of the border, especially in prime areas around Edinburgh…