LA to implement ‘mansion tax’ of up to 5.5%
58% of Los Angeles residents voted for a new levy on property transactions above $5mn.
LA residents to vote on ‘mansion tax’ to tackle housing inequality
A vote on Tuesday could introduce a new transaction tax on sales of homes and property above $5mn in La La Land.
Bloomberg: Swiss Wealth Tax rakes in cash as Covid stokes global debate
"Switzerland’s wealth tax offers a rare real-world example of how a levy on assets can work, just as such ideas gain traction elsewhere in the wake of the coronavirus crisis," writes Bloomberg journalist C…
HNW Hotspots: Where the world’s wealthiest are looking to buy homes in 2023
London, New York & Dubai lead the way for HNWI home-buying intentions, reports Knight Frank.
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International buyer secures ‘one of the best mansions in Belgravia’ in another pre-Budget mega-deal
Grand 1901 townhouse on Lygon Place, asking £21.5mn, was formerly the Italian Embassy & Defence Attaché.
£80mn mansion sale reported in Chelsea
American fashion mogul linked with 'UK’s most expensive deal of the year'
Super-prime London property agency launches Marbella outpost
Gary Hersham's Beauchamp Estates is opening a fifth Mediterranean office.
By PrimeResi
Required Reading: The Autumn Budget 2024 for HNWIs & business owners
Mishcon de Reya's legal & tax experts talk us through the key points & policies announced by Chancellor Rachel Reeves - including significant changes to Stamp Duty & Inheritance Tax.
Second-home buyers race to beat SDLT deadline
UPDATED: Agencies finalise series of 'rapid' high-end sales in Prime Central London following surprise tax hike announced in the Autumn Budget.
‘Back-to-brick’ renovation in Chelsea delivers trio of rental apartments
Boutique developer reinvents period mansion block on Sloane Gardens, with a modern take on traditional British design.
Why the US election could ‘open the flood-gates’ for international real estate investment
'This coming US election will be more than just a decision on leadership - it could signal a new phase of high demand for international real estate,' says Parisian buying agent Susie Hollands.
Charles Curran: ‘It is still business as usual’ in PCL despite the Budget’s ‘selection of crackers taxes’
Last week's Labour Budget was 'driven by ideology, penalising those they simply did not need to tax or tax further,' argues top-end estate agency boss Charles Curran.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Assessing the value & premium of luxury branded residences
Four years after the branded residences model emerged, pioneered by Four Seasons, this niche financial strategy has evolved into a diverse & thriving sector of the global real estate market, explains CBRE
LATEST ARTICLES
Tom Bill: What does the US Election result mean for the UK residential property market?
Knight Frank's research chief talks us through some of the risks and opportunities facing the housing market on this side of the pond, as a result of Donald Trump's victory.
By Tom Bill
Prime London property agents expect ‘surge’ of American enquiries as Trump returns to the White House
Luxury property advisors report increased interest from wealthy Americans looking for residences in the UK.
By PrimeResi
Knight Frank reports £162mn pre-Budget deal surge
'It was all-guns-blazing last week', reports London resi sales boss Rory Penn.
Five-year house price growth in the 20% range is ‘the new normal’ – JLL
'With the October Budget behind us, the outlook for both house prices and rents remains positive,' says JLL in its latest property market forecasts.
By PrimeResi
Conditions improving for London’s high-end property buyers – Coutts
Private bank's latest survey of the capital's luxury market shows prices falling, average discounts close to 9% and almost 80% of sales coming in below asking price.