Format: News

UPDATE: Reports have claimed the mystery buyer is Dalian Wanda boss Wang Jianlin, China's richest man.

Estate agents in prime London are expecting an influx of wealthy Iranian buyers next year as sanctions in place since the 70s look set to be lifted.

Property management group HML Holdings has snapped up a south east London-based firm for £715k.

John Swinney has followed George Osborne's lead, announcing a 3% increase in the Land and Buildings Transaction Tax rate for additional properties in Scotland, such as buy-to-let and second homes.

There are currently 622,939 "property millionaires" in Britain, according to Zoopla's latest estimate, 75,796 more than there were in January. A 14% rise over the last year now means that 2.

"The news is bleak" says the Association of Residential Letting Agents (ARLA) and National Association of Estate Agents (NAEA) as it forecasts that home ownership will fall by 7% in the coming decade…

JV developers CALA and City & Country have been given the go-ahead by planners for their residential redevelopment of the Donaldson's College building in Edinburgh.

Residential property will be front and centre at next year's MIPIM in Cannes, with the event's main theme being "Housing the World."

Topland is making good on its promise to keep lending on London's prime resi projects.

It's been reported that a monumental château outside Paris has just sold for $301m (about £200m), which would effectively smash the current world record.

Benham & Reeves has reported a wave of landlords approaching the firm about putting their property portfolio into a limited company in the wake of double whammy changes to mortgage relief and stamp duty.

Joint venture partners Bruntwood and Select Property have pulled back the curtain on their £360m plans for the former BBC site in Manchester, ahead of a putting in one of the city's biggest ever planning…