Postcard from LA: Gordon MacGeachy on the mansion tax, pyjama lounges & off-market records
In the latest in a series of international dispatches for PrimeResi, Hilton & Hyland's Estates Director - a member of Luxury Portfolio International - shares insights into the Californian luxury property market.
LA’s mansion tax is now in play
Los Angeles saw a marked increase in high-value property sales in March, as brokers rushed to close deals before a new transaction tax was introduced on 1st April.
Los Angeles Times: L.A.’s rich are already scheming ways to avoid new ‘mansion tax’
'Rich people are very clever,' says a real estate broker in California. 'They know how to manage cash, and they have time to look for loopholes.'
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.
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Super-prime agent & social media star launches ‘game-changing’ property brokerage
One of London's best-known top-end agents has set up a 'forward-thinking' luxury property brokerage that 'understands the power of storytelling & digital influence in a new era of property.'
John D Wood & Co. recruits Knight Frank’s Kilgarriff to lead Central London Lettings
A senior KF operator has moved to a key role in Polly Ogden Duffy's team at JDW.
‘The centre of gravity has shifted’: Ranking Europe’s top-performing luxury property markets through the last decade
Key trends revealed in long-term analysis of Knight Frank's Prime International Residential Index.
Super-prime developer lines up £225mn scheme in Notting Hill
Valouran continues to build pipeline of landmark projects, unveiling plans for a 'major play' on Westbourne Grove.
In Pictures: ‘One of Ireland’s finest contemporary country houses’ seeks €8mn
Agents instructed on 111-acre estate with spectacular centrepiece & 'unrivalled waterside appeal'.
Dexters reports another 23% revenue jump
Income from the estate agency's lettings business rocketed by nearly a third last year.
Scottish politicians float ‘mansion tax’ on £1mn+ homes
A reported amendment to the Scotland's new Housing Bill could mean a 'mansion tax on the biggest & most luxurious houses' as well as higher taxes on overseas buyers.
Renting & buying costs have ‘equalised’, claims estate agency
After surging upward for most of the last three years, the pace of rental growth has been running below wider consumer price inflation for the last five months.
West End office building set for boutique luxury resi conversion
Dukelease & BST England have teamed up to transform a handsome period block on Hallam Street into six high-end apartments.
UK proptech firm raises $5mn to ‘reimagine the home moving experience’
Homemove's latest funding round was led by Fuel Ventures.
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DDRE Global brings in major player to realise American ambitions
Anastacia Murray-Watson has joined Daniel Daggers' luxury brokerage after more than 18 years at Knight Frank.
Former Savills Director launches indie buying agency
After a successful career in Edinburgh & London estate agency, Charles McCosh's new venture provides property search services across Buckinghamshire, Berkshire & Hertfordshire.
Property agency sponsors Olympic swimming champion
Knight Frank says multi-gold medallist James Guy MBE will be an 'inspiring ambassador' for its brand.
In Pictures: Extraordinary private island in Essex asks £25mn
'Few can claim ownership of an island, and there is only one that is commutable to London', say agents marketing 380-acre retreat favoured by A-listers.
In Pictures: Boutique developer’s new walled villas create ‘a private oasis’ in Wimbledon
'There is nothing else in Wimbledon currently being delivered to this level of finish,' says Raf Chowdhury of project financier CapitalRise.