The Market
Required Reading: The Budget 2016
Here's top law firm Mishcon de Reya's handy rundown of the key measures announced in the 2016 Budget. Not all of it is property-related of course, but all of it is good to know.
Iranian buyers gear up for £6bn overseas property spending spree
London, Dubai, Switzerland, Germany and the South of France could be in line for a £6 billion wave of investment from UHNW Iranian property buyers over the next 5-10 years, according to new predictions.
French resi market boosted by return of the Brits
Residential sales across France were up 12.5% last year compared to the same period in 2014, according to the Notaires de France.
Duty Bound: A PCL Investor’s Budget Day Wishlist
It's that time of year again and the whole industry is currently perched on the edge of its seat awaiting the contents of Osbo's battered red box and the results of the consultation on the 3% additional…
High Court slashes estate agent’s ‘outrageous’ money laundering fine
A £169,652 fine imposed on a Northamptonshire estate agency for failings related to money laundering regulation has been ridiculed by a High Court judge, who called the amount "seriously disproportionate",…
Purple Patches: CBRE tears up Lizzie Line forecasts as house prices steam ahead
Prices around Elizabeth Line (née Crossrail) stations have already smashed expectations, says CBRE, leading the firm to overhaul its original forecasts.
Amcorp bags Belgravia apartment block for £45m
Kilmuir House on Ebury Street is right opposite Berkeley's super-prime Ebury Square scheme
Clarity, Certainty & Predictability: A call for forward guidance on property taxes
The Treasury should take a leaf out of the Bank of England's playbook, says RICS' Jeremy Blackburn, and issue forward guidance on property tax policies.
Leeming slams stamp duty surcharge; ‘the only losers will be tenants’
The incoming 3% stamp duty surcharge will fail to deter buy-to-let investors in most parts of the UK, according to one national agency, although it may succeed in making things harder for tenants.
Battersea Power Station masterplan tweak adds 400 ‘smaller, lower-priced’ homes
New proposals have gone in to switch out one of the three hotels planned at Battersea Power Station for another 400 resi units.
Wandsworth Council bans ‘dominating’ estate agents’ boards
Estate agents now need to apply for permission to put up advertising boards in Putney, Balham, Clapham Junction and Lavender Hill (maps of affected streets below), after the council waged war on what…
150-fold rise in London homes listed on AirBnB as private landlords get in on the act
London's homeowners are going nuts for AirBnB. JLL has recorded a 150-fold rise in the number of resi properties listed on the home-lettings website over the past five years.