Government reins-in plan to abolish leasehold
Michael Gove said earlier this year that the 'feudal' leasehold system 'needs to go' - but a complete overhaul now looks unlikely.
Government moves to ‘end the unjustified selling of new houses as leasehold’
Communities Secretary James Brokenshire has launched a technical consultation into leasehold reforms, proposing that new lease ground rents be capped at just £10
Government bans leasehold sales on ‘nearly all’ new-builds
Reforms to the leasehold system will include setting ground rents on new long leases to zero, and making it easier for leaseholders to buy-out freeholds.
Significant leasehold reform proposals promise ‘to transform the future of home ownership in England & Wales’
Commonhold should be the "preferred alternative" to leasehold, says the Law Commission in a series of three important reports that outline how to create "a better deal for leaseholders and make our homes…
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Talking Heads: Prime property industry reactions to the Budget 2025
A Council Tax surcharge for high-value homes is 'probably the least worst outcome for owners of prime property', comments Savills, but our pundits are less sanguine about changes to landlords' income…
Social Circuit: John Caudwell’s festive drinks reception at Mayfair House
Billionaire entrepreneur, developer & philanthropist hosts a seasonal gathering of political, charity & media figures at his Grade II listed private palace.
International buyer lands £25mn Knightsbridge Gate penthouse
Marquee 6,214 sq ft residence drew multiple offers despite wider market caution.
Budget 2025: OBR leak confirms ‘mansion tax’ on £2mn+ homes from April 2028
Office for Budget Responsibility report published early 'in error' - including details of a new Council Tax surcharge on high-value homes.
Budget 2025: Chancellor confirms a ‘mansion tax’ & higher rates on property income
High-value homes will face significantly higher Council Tax bills, while landlords will pay a larger share of their property income to HMRC.
Mansion tax modelling flags £13,700 bills for second homes
Hamptons analysis finds over 3,300 £2mn+ second homes exposed to dual surcharges as revaluation looms.
Specialist country house agency hits £500mn sales milestone
Strutt & Parker alumni Andrew Russell & Ben Bentley’s boutique firm unveils debut TV campaign as it toasts 'remarkable chapter'.
£10bn Earls Court scheme gets green light from H&F
Borough's unanimous approval marks 'major milestone' for central London's biggest cleared development site.
Super-prime developer Binghatti appoints London sales lead
Dean Elgafar previously worked at Wetherell, Chestertons & UK Sotheby's International Realty.
Global design studio Blink lands in London
Clint Nagata's luxury-focused firm expands with new UK base, helmed by some well-known industry figures.
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£10.95mn Regent’s Park mansion sold ‘within minutes’ of Budget speech
UK buyer accelerated exchange on Grade I listed residence after Chancellor delivered a softer-than-expected property tax package.
Top buying agent launches independent firm
Lucie Hirst's new operation will specialise in high-end acquisitions across PCL & the Cotswolds.
Hoffen West acquires well-known PCL agency’s lettings & management book
26-year-old Belgravia specialist's portfolio will be integrated into Rupert Hoffen & Neil West's operation.
Swiss voters reject significant super-rich inheritance tax proposal
Decisive result in Switzerland's divisive wealth tax referendum.
Deferred mansion tax bills ‘could face 8% interest’
Reports highlight the potential high cost of deferring a tax bill.