Finance
PCL properties could “run out” in 15 years
The number of prime central London (PCL) properties changing hands has dropped by nearly 60 per cent over the last 12 years, prompting London Central Portfolio (LCP) to claim that stock could "dry up"…
The rich are getting poorer
The total wealth of the world's wealthiest fell by 1.7 per cent in 2011 - the first drop since 2008 - whilst the total number of HNWs (individuals with over $1m investable) rose by 0
Changes to Scottish stamp duty proposed
The Scottish government has announced plans to replace SDLT with a new progressive system that would see buyers of higher-value properties paying a significantly higher tax rate
‘Government has listened to property industry’s fears’; PwC
PwC and Deloitte have commented on the government's current consultation on a new annual charge on prime resi properties owned by ‘non-natural’ persons, and a proposed extension of capital gains tax.
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