FT: What the stamp duty charge for overseas buyers means for London
In this piece for the Financial Times, George Hammond speaks to buyers, agencies and analysts about the potential impacts of the incoming 2% surcharge for non-residents.
Government firms up plans to raise stamp duty for overseas buyers
UPDATED: Consultation launches on proposed new 1% surcharge for non-UK residents
London’s high-end homebuyers ‘paid 12% of the stamp duty owed across England last year’
The 675 £3m+ deals recorded in the capital in 2020 generated a combined total of £368.6m in stamp duty, according to research by Enness Global.
Stamp duty holiday ‘to be extended until end of June’
Reports claim the Chancellor is planning a boost for the property market in his upcoming Budget.
Most read
Super-rich buyers circle as Caudwell’s £2bn Mayfair scheme takes shape
Luxury developer updates on progress as landmark project moves to advanced phase of construction.
Talking Heads: What does the end of non-dom status mean for the prime property market?
As Britain's 225-year-old 'non-dom' tax regime faces abolition, we asked prime resi insiders about the potential impact on the property market and their businesses.
Australian luxury property big-hitters team up with former Knight Frank partner for new private office venture
Based in the Asia Pacific and the Middle East regions, Origin Private Office has already transacted on over US$100mn worth of prime property, and is advising on a branded resi development project.
Luxury agency adds new sales director in Knightsbridge
Anna Isajenkowa has joined United Kingdom Sotheby’s International Realty from Savills.
Irene Luke joins Savills Private Office
Co-head of Savills Monaco has expanded her role & is now part of the agency's elite global network of HNW specialists
Investor swoops on South Ken apartment block
London is offering 'great value' right now, says firm.
Savills creates London-based Caribbean desk
Tom Vickery is leading the latest addition to the firm's global residential department.
Matthew Robertson of Valouran on luxury property development & sustainability
Earth Day 2024: 'Sustainability is more than just reducing environmental impact; it’s making fundamental changes to the ways in which we interact with our surroundings'
Pre-election jitters hit London’s £5mn-plus market
Top-end sector continues to slow from its post-pandemic record high, but remains significantly stronger than the pre-pandemic average, reports Savills
Interior designers Fiona Blanchot & Sophie Ashby of Studio Ashby: 10 things we’ve learnt over 10 years
'Good business is a cocktail of hard work, luck and being tuned into your instincts'
LATEST ARTICLES
JTRE London’s Nigel Fleming: Why Bankside is knocking on the door of traditional PCL
Following a transformation that began 70 years ago, Bankside has become a cultural, commercial & resi hotspot that can compete with any London postcode, writes property development chief...
Knight Frank heralds ‘a new era for the countryside’ as rural division growth continues
James Farrell has overseen two years of 'unprecedented growth' for Knight Frank's rural division - which continues with another new outpost opening later this year.
Grand Retail to Parkside: Agency pens field guide to PCL’s eight ‘villages’
Boutique firm delves into the characteristics of the capital's inner districts & gives each a new identity to help buyers with their decisions.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
New York penthouse designed by master architect I.M. Pei up for sale
Sale of marquee unit at The Centurion in Midtown is a 'unique chance to own a piece of architectural history'