Format: News
June’s a washout for prime London transactions: here’s the skinny on LonRes’s Summer Market Report
The latest London property market review from LonRes makes for some pretty depressing reading.
Native Land on £1bn spending spree after securing Gulf-based investor
Alasdair Nicholls, Chief Executive of Native Land
Resi specialist, Native Land, has released a statement announcing that a major private Gulf based investor has taken a 45% shareholding in the company.
PLP take over Brockton’s Curzon Street luxury development brief
Lee Polisano’s PLP has pipped top US architect Robert Stern at the last minute to win the re-design of Brockton Capital’s proposed 56 Curzon Street development.
Architects Anonymous
A major YouGov survey has revealed a startling lack of knowledge about the work undertaken by architects, with 15% of respondents unaware that they even designed buildings.
Commissioned by InBuilding.
Huge double tax hit for British owners of second homes in France
UK residents who own second homes in France now face a double tax on property income as Francoise Hollande launches a new 15.
Landlords capitalise on summer lulls
Almost a third of respondents in the latest Association of Residential Letting Agents (ARLA) survey claimed they had increased the size of their portfolios since July 2011.
Developers cater for Asian influx
With Asian buyers reportedly accounting for 60 pc of new build properties purchased in Central London in 2011, developers are increasingly tailoring projects to appeal to their top demographic.
House Price Index shows overall increase, driven by 7.2 pc rise in London
UK house prices increased by 2.3 per cent in the 12 months to May 2012, continuing the pattern seen since early 2010. This rise was driven by a 7.
Dominvs: new kids on the prime London block
Dominvs Living Ltd have big plans for luxury property development in London.
Reduced Inheritance Tax rate for philanthropists
From 6 April 2012, people who leave at least 10 per cent of their net estate to charity may be able to pay a reduced rate of Inheritance Tax of 36 per cent.
Twice as many new vendors as successful buyers
Vendors cut asking prices by 1.7% in the last month as new sellers outnumbered successful buyers by two to one, according to Rightmove's July Property Index.
Early summer slowdown dampens prime London property growth
The prime London property market is grinding to a halt as the Olympics approach, according to Cluttons' latest "London View" report.