The Market
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",…
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.
CBRE hires big gun from Chestertons to lead international sales team
CBRE has recruited a top name from Chestertons to head up its central London-based international sales operation.
RBKC scraps permitted development rights for basements
The Royal Borough has confirmed it is to remove permitted development rights for all basement extensions from next month.
Is this the most undervalued postcode in London’s West End?
The prime districts on Hyde Park's northern border have been identified as "the most undervalued in London's West End", with average values between 20% and 40% lower than in neighbouring areas.
Record results for Savills despite ‘weak’ UK resi market
Savills has posted a 16% rise in annual pre-tax profits as a strong performance by the commercial arm offset tough times on the resi front.
PCL price expectations turn down as valuations stretch the fundamentals – RICS
"The challenges facing the top end of the capital’s property market are clearly visible" says the RICS, as its latest survey of chartered surveyors shows expectations of price growth in prime central…
Carneyballs: Where is Mervyn King when you need him?
The ‘gaffe-prone’ Governor is at it again, says Trevor Abrahmsohn - is he really worth £870k a year?