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Budget 2013: reactions from the prime property industry’s prime movers
A rowdy performance by the Commons, but George seems to have done pretty well by the prime property industry, delivering a "Budget for an Aspiration Nation" that cuts corporation tax to 20%, makes it easier…
Countrywide (CWD) float to raise £191m net
It's listing day for Countrywide, who this morning said it would raise net proceeds of £191m from its IPO, after pricing its shares at 350p each yesterday, valuing the company at £750m.
Budget 2013: Osborne gets to work
Analysts are not expecting much from the Budget today, with Michael Hewson, senior market analyst at CMC Markets, pointing out that:
Half of ISA investors are eyeing up resi property – Hearthstone
Half of cash ISA investors are eyeing-up residential property investment opportunities now that resi property is available in UK ISAs, according to fund manager Hearthstone.
Act by 5 April 2013 to wipe out capital gains on second homes, buy-to-lets and shares
Individuals who have investment properties, second homes or shares standing at a gain should consider taking action before 5 April 2013 to trigger those gains in this tax year.
Sculpture in the Skyline: Is this the world’s coolest resi tower?
If you're keeping an eye on ups and downs across the pond, it's worth noting that Herzog & de Meuron's fervently anticipated 56 Leonard - billed as "the most imaginative and architecturally significant…
Resi plans mooted for Manchester’s Royal Exchange
A major chunk of the famous Grade II listed Royal Exchange, at the beating heart of Manchester's city centre, could soon be about to undergo a prime resi makeover.
Berkeley to grow land bank by 10% this year; starts with three new acquisitions
Berkeley Group has announced plans to expand its land bank by 10% this year, and has already made three significant acquisitions in Finchley, Mill Hill and Maidenhead.
PCL prices up 8.4% on the year – Knight Frank
Average UK house prices rose just 0.2% in February, whilst prime central London property prices went up by 0.9% to take the annual increase to 8.4%, according to Knight Frank's latest Market Update.
Countrywide IPO valued at £750m
Britain's biggest estate agency group, Countrywide, has priced its initial public offering right at the top of its range, at 350p per share, according to Reuters.
MIPIM wrap video
It's a world of optimism (and stats) according to Francois Ortalo-Magné and Dr. Mahdi Mokrane's summing-up of MIPIM week...
UK rental stock value up £200bn in five years as investors see big returns
The surging residential rental market in England and Wales is attracting new investors both large and small, according to the latest from CBRE.