Location: London
Brace of big deals reported in Mayfair
We may be nearing full festive mode, but it sounds like a couple of significant deals have gone/are going down in Mayfair.
Wealthy Iranian buyers prepare for a return to prime central London
Estate agents in prime London are expecting an influx of wealthy Iranian buyers next year as sanctions in place since the 70s look set to be lifted.
HML bags Bermondsey-based property management business
Property management group HML Holdings has snapped up a south east London-based firm for £715k.
Britain now has 622,939 ‘property millionaires’
There are currently 622,939 "property millionaires" in Britain, according to Zoopla's latest estimate, 75,796 more than there were in January.
A 14% rise over the last year now means that 2.
‘Drastic changes’ needed ‘to fix Britain’s broken housing market’ – NAEA & ARLA
"The news is bleak" says the Association of Residential Letting Agents (ARLA) and National Association of Estate Agents (NAEA) as it forecasts that home ownership will fall by 7% in the coming decade…
Scotland hikes LBTT for second homes in line with SDLT
John Swinney has followed George Osborne's lead, announcing a 3% increase in the Land and Buildings Transaction Tax rate for additional properties in Scotland, such as buy-to-let and second homes.
Three predictions for the mortgage market in 2016
Most of the big estate agents have had their say on what's in the tea leaves for 2016, but here's how independent broker Private Finance sees the UK mortgage market panning out over the next twelve…
Spink inks funding deal for new Knightsbridge project
Topland is making good on its promise to keep lending on London's prime resi projects.
‘Signs of recovery are looking good’ as applicant numbers surge – D&G
London's sales and lettings markets are beginning to look healthier, says Douglas & Gordon, as the firm reports that its sales applicant numbers are 50% up on last year's levels, and that it has seen…
Buy-to-let SDLT surcharge ‘equivalent to 11 months income’ for landlords
The new 3% stamp duty surcharge on second homes and buy-to-lets "would be the equivalent to 11 months income for the average mortgaged landlord" says Countrywide Plc.
Well Healed: West End schemes launch world’s first ‘health concierge’
Qube Leasehold Property Management, which looks after both Fitzroy Place in Fitzrovia and The Chilterns in Marylebone, has signed a deal with The Health Concierge in what's being billed as a resi world-first.
Topland backs £30m project in Mayfair
Sol Zakay's Topland Group has stumped up £12m in acquisition and development finance to an overseas-based HNWI planning a super-prime resi development in Mayfair.