New money laundering watchdog, with teeth, to launch in January
The Treasury has created a new watchdog to "tighten the UK’s defences against dirty money whilst minimising unnecessary burdens on legitimate business".
Select Committee flags five money laundering loopholes
160 properties worth over £4bn have been 'identified as being purchased by high corruption-risk individuals', reports the Joint Committee on the Draft Registration of Overseas Entities Bill
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.
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
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‘Hundreds’ of luxury London flats set for sale after £2bn lender collapse
Around 250 property companies with assets across PCL now under administration.
Knight Frank names three new Proprietary Partners
Knightsbridge lettings head Arya Salari, capital markets specialist Eddie Thomas and lease advisory lead James Thistle step up.
Top brokers assess the Iran conflict’s effect on global prime property markets
Luxury property agents in London & Dubai report early shifts in buyer activity as geopolitical tensions escalate.
Westminster to grant blanket retrofit consent for Eaton Square
Borough's first Listed Building Consent Order promises to allow 'retrofit at scale' on London's largest residential square.
FT: ‘We’re past the $200mn threshold’ – the rise of super-super prime property
'How much is mere showboating listing,' asks FT journalist Mark Ellwood - 'and how much higher can prices for single private properties actually be pushed?'
Ten Years On: Assessing the ‘profound effect’ of the second home stamp duty surcharge
'Almost overnight, the market tilted away from investors,' says Hamptons, 'meaning far fewer homes have been added to the rented sector' in the last decade.
Buyer secures Dubai’s third most expensive apartment
The big-ticket off-plan deal comes amid escalating regional tensions.
Savills buys major real estate investment bank Eastdil
The deal is one of the biggest in Savills' history.
London Square launches latest SW London scheme
Hot on the heels of projects in Battersea and Brook Green, the Aldar-owned firm has debuted a 123-home development in Wimbledon.
Savills reports ‘strong performance across the board’ despite declines for UK resi business
International property consultancy saw profits jump 11% last year.
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In Pictures: Entire Irish village hits the market, seeking €20mn
The historic 'working village' in County Kildare was restored by Ryanair's co-founder in the 1990s.
Fine & Country moves into Austria
Elisabeth Rohr-de Wolf has taken on the estate agent brand licence in Vienna.
Prime London prices post steepest fall since GFC as discounting deepens
Values down 10% year-on-year after a 'poor month' for the sales market, reports LonRes; under offers and buying agent enquiries ‘offer a little optimism’
Strutt & Parker recruits familiar face to Fulham sales team
Tom Parsons has returned to Strutts, joining George Jackson-Stops's team in SW6.
Luxury brokerage hires Savills associate director for country lettings push
Recent UK Sotheby’s International Realty recruit George Duff previously led Savills’ Cobham lettings operation.