Finance
Floods could cost £2.5 billion – again
This year's summer flooding marks the fifth anniversary of 2007's floods, which cost the insurance industry £2.5 billion.
CML pushes for stamp duty reform
The Council of Mortgage Lenders (CML) have set out a range of options for fundamental stamp duty reforms that would do away with the current (flawed) "slab" structure.
Westminster announces major regeneration scheme
Westminster Council have released plans for a massive £70m investment scheme in Westbourne Green.
British Land buys Daily Mail printing works
British Land and The Daily Mail General Trust have announced the conditional sale of DMGT’s 14.5 acre Harmsworth Quays printing works site at Canada Water in South East London to British Land.
Partnerships deliver another record year for United House
United House Group, the specialist developer and contractor, has achieved another year of record revenue levels,with the Group’s latest annual results showing revenue up to a £239m (2010: £201m) with…
BLME launches advisory service for Gulf-based PCL buyers
One of the largest Islamic banks in Europe, the Bank of London and The Middle East (BLME), has launched a property advisory service after seeing a significant increase in demand for prime London property.
Trevor Abrahmsohn blames planners and lenders for economic woes
Better planning procedures and more lending to housebuilders can fix the foundations of Britain's economy, says Trevor Abrahmsohn.
Cordea Savills raises £25m for prime resi developments
Property fund managers Cordea Savills have announced the first close of their Prime London Residential Development Fund, after a major global private bank provided £25 million of initial equity.
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.