New British sanctions regime clamps down on ‘blood money’ property acquisitions
"Those with blood on their hands, the thugs and despots, the henchmen and dictators, will not be free to waltz into this country to buy up property on the King’s Road," declares Foreign Secretary Dominic Raab.
BBC exposes Ukrainian gangsters using PCL properties to launder ‘dirty money’
Panorama flags eight resi property deals in Knightsbridge, Kensington, Marylebone & Battersea with alleged links to 'dirty money' & Ukrainian gangsters
By PrimeResi
How exactly did you pay for that mansion? British government targets corrupt oligarchs in ‘McMafia style’ shakedown
"If they are an MP in a country where they don’t receive a big salary but suddenly they have a nice Knightsbridge townhouse worth millions and they can’t prove how they paid for it, we will seize that…
By PrimeResi
Opinions sought on new money-laundering rules for high-end letting agents
The EU's Fifth Money Laundering Directive is slated to come into play in January, requiring UK letting agents dealing in rents above €10k per month to carry out AML checks on their clients.
By PrimeResi
Most read
OB Private opens new office in Notting Hill
Expansion marks 'new era' for luxury property, travel & lifestyle brand.
Mayfair mega-deal revealed in official records
Grosvenor Square penthouse went through as one of 2024's biggest resi transactions.
Forecast Round-Up: What’s in store for prime property prices in 2025?
It looks like a busy start to the new year - but the outlook for house prices is less clear.
By PrimeResi
Crown Estate chooses new chair
Real estate investment chief Ric Lewis is due to take over the top role from Sir Robin Budenberg in the spring.
Rightmove reports ‘busiest ever’ Boxing Day
A flurry of new sales listings and a rush of buyer enquiries herald a busy start to 2025 for property agents.
By PrimeResi
‘London leavers’ fall to decade low
Londoners bought 45% fewer homes outside the capital in 2024 than in 2021.
By PrimeResi
RICS installs new president
Adair boss Justin Sullivan takes the reins from Tina Paillet.
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