Hammond needs to take action or risk the UK ending up in the economic ICU

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Commentators aren't expecting much from the 2019 Spring Statement, but Glentree boss Trevor Abrahamsohn has some strong words for the Chancellor on the importance of maintaining the health of the residential property market...

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Trevor Abrahmsohn

Managing Director at Glentree

Trevor Abrahmsohn founded Glentree Estates in 1976. He has since sold some of the most notable and largest mansions in London to such luminaries as the Kazak billionaire who bought Toprak Mansion in the Bishops Avenue for a reputed £50 million; Witanhurst, the second largest home in London, for £50 million, and the Eccleston mansion in Kensington Palace Gardens for $100 million. A-list clients include Lakshmi Mittal, Sir Martin Sorrell, Richard Caring, Richard Desmond, Joan Collins, Gerald Ronson, Lulu and other celebrities. Former Prime Minister, Lady Thatcher has been to his house for tea and President Mikhail Gorbachev was the guest of honour at his company’s 33rd anniversary party at Toprak Mansion. He has sold over £3 billion worth of property in 35 years.

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Main image: 'Even the government seems to have resigned themselves to accepting that there will be a shortfall in new homes from the target figure of 300,000 per annum, which is a great pity'

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The principle of a pre-contract commitment is sound, says Trevor Abrahmsohn, but as always, the devil will be in the detail...
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Latest statistics from HMRC show overall SDLT receipts in Q3 were up by 14% on Q2, but down 9% on the same period last year...
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Neurotic lenders are acting as a chicane on the markets, vents Trevor Abrahmsohn