The Market
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.
The Westminster Constitution: The Portman Estate
Following this morning's news of the £37m purchase of the entire Eastern side of Portman Square, Martin Bikhit continues his analysis of Westminster's key micro markets with the in-demand Portman Estate...
Parklife: One Cornwall Terrace goes for £80m
A company controlled by the entrepreneur Marcus Cooper has reportedly bought one of London's most expensive terraced houses - a Grade I listed mansion on Cornwall Terrace overlooking Regent's Park with…
Industry welcomes lettings regulation
A whole bunch of lettings industry organisations have been cheering the Lords decision to to introduce a modicum of regulation to the lettings business
Scottish prime prices now 20% below peak (and they need to come down another 10%) – Savills
Prices in Scotland's prime market (classed as anything over £400,000) have fallen 20% from peak, according to the latest figures from Savills.
“Remarkable” resurgence in £5m+ activity – W.A. Ellis
There was a "remarkable" resurgence at the upper end of the prime central London sales market in February, according to W.A. Ellis, with a marked rise in both transaction volumes and instructions
Balance of power shifts to tenants as supply of prime rental stock shoots up
After a significant shift in supply levels, the pendulum of power in London's prime lettings market appears to have swung away from the capital's landlords, according to Chesterton Humberts' latest findings
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
Lettings ads must now show all compulsory fees
The Advertising Standards Authority (ASA) has decreed that lettings agents must include details of all compulsory fees in their property advertising
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
Central London development market booms as sales rocket 50% in a year
Heightened activity in last year's Central London development market has propelled sales and construction to hit some heady post-crisis peaks, according to Jones Lang LaSalle, with further strong performance …
London: Luxury homes capital of the world
London is the luxury homes capital of the world, and the global prime property market is more similar to the fine art market than to the mainstream property market, according to a new report from Christies…