Finance
Crossrail hubs on track for 40% price surge
Residential prices around Tottenham Court Road, Farringdon and Canary Wharf look set to steam ahead by 40% over the next five years, as Crossrail cuts a swathe through the capital and drives massive -…
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.
Boris launches database of development opps; Invites developers to “bombard” him with great ideas
London Mayor Boris Johnson has announced the launch of a "GLA Land Assets Database" today, in a bid for greater amounts of public land to be released for development.