‘Holiday homes loophole’ to cost councils £170mn this year
'The problem is not second homeowners, it is politicians failing to understand the issues and having the courage to do something about it,' says top property agency.
What to read next
Four things the Paradise Papers tell us about global business and political elites
Relatively few Americans or Europeans were caught up in the Panama palava, but this latest mega-leak is a different story...
By Ronen Palan
Experts warn of ‘reset moment’ as London homes face climate change catastrophe
'Cascading risks' loom for the capital, as escalating extreme weather events mean 'around 43% of London properties are likely to be affected by subsidence by 2030.'
By PrimeResi
Holiday home tax loophole is ‘a scandal’, says Colliers
The current system allows many second home owners to avoid both council tax and business rates
By PrimeResi
Companies in this article
ColliersMost read
Arts & Crafts gem on Kensington Palace Gardens reborn as six ‘world-class’ residences
Luxury developer REDD unveils set of super-prime homes following ambitious five-year restoration of Philip Webb-designed landmark.
‘New strategy’ drawn up for 15,000 sq ft Belgravia trophy
Three-building spread could be transformed into one of PCL’s most valuable private residences.
£12.25mn Chester Square townhouse finds buyer after agency switch
Boutique firm seals super-prime Belgravia deal after two previous agents had marketed the property.
‘The penny has dropped’: London’s supply of supersized apartments is drying up
‘Signs of urgency’ emerge around the capital’s top schemes as new figures reveal how Westminster’s size limit is reshaping the super-prime landscape.
Savills completes £170mn townhouse run at Chelsea Barracks
Contracts exchanged on £40mn Banda-designed residence, rounding out sales at Mulberry Square.
Savills makes key resi hire in Dubai
Greg Stockton is on board to link UK developers with investors, wealth managers and adviser in the Middle East.
By PrimeResi
Green light for £2bn Vauxhall Square mega-scheme
Pilbrow & Partners' 69-storey Vauxhall regen project squeaked through Lambeth's Planning Committee.
By PrimeResi
Billionaire financier quits UK tax residency – but keeps massive Wiltshire mansion restoration project
One of Britain’s biggest taxpayers is reportedly relocating fiscal affairs overseas.
By PrimeResi
Seasoned Savills director moves to broker-model agency
David Johnston spent the last 21 years with Savills in Kent.
By PrimeResi
Six months to challenge mansion tax valuations
Fresh details emerge on HVCTS roll-out as HMRC drafts in 300 extra staff, with up to 200,000 homes potentially in scope.
LATEST ARTICLES
Picky buyers & patchwork performance: The state of Prime Central London in 2026
Fresh data and charts reveal differing fortunes across the capital’s luxury property heartlands - and offer some pointers as to what happens next.
US brokerage giant launches global division for cross-border property deals
Compass rolls into international markets including the UK with new agent network.
By PrimeResi
Martin’s Properties installs new CEO
Former St Modwen MD succeeds Richard Bourne at the £400mn family-owned property business.
By PrimeResi
Greenwoods hires senior resi duo from Withers and Forsters
'Amalie & Poornima are as good as it gets when it comes to lawyers for high-value, complex, residential property,' says the firm's resi chief.
By PrimeResi
Knight Frank opens new office in Derbyshire
New Sales Director tasked with growing agency’s market share across the region.