Property developers to face two new taxes to pay for cladding scandal bill
Robert Jenrick has announced that residential property developers will face two new levies, starting in 2022, to pay for some essential fire safety works on high rise buildings, following 2017's Grenfell Tower tragedy.
What to read next
Tougher building safety laws ‘to make industry pay’ for the cladding scandal
"We cannot allow those who do not take building safety seriously to build homes in the future," says Housing Secretary Michael Gove, "and for those not willing to play their part they must face consequences.
Property developers told to foot £4bn cladding bill, or government will ‘impose a solution in law’
Housing Secretary Michael Gove has written an open letter to the property industry, insisting that developers "must pay to fix the cladding crisis that they caused" - and agree a fully-funded action plan…
Gove addresses building owners as safety reforms come into force
“Today marks a major turning point for building safety in this country, as we introduce a tough new regime to make homes safe and help rid the sector of bad practice once and for all," says Levelling…
Most read
Knight Frank puts heavyweight duo at helm of London Private Office
Specialist division brings together the firm's 'most accomplished advisers' for UHNWIs.
Buyer swoops on ‘one of London’s most celebrated historic houses’
Architecture wins out over postcode as purchaser searching in Westminster exchanges on landmark mansion south of the river.
Guernsey’s biggest privately-owned estate seeks £65mn
The 80-acre Havilland Hall comes with a Regency mansion, a private 'village' and an array of leisure & business facilities.
By PrimeResi
£48mn price tag for Bryan O’Sullivan-designed penthouse at Chelsea Barracks
First Look: Inside one of the year’s biggest new-build launches.
Native Land teams up with Singaporean investor for PCL acquisition drive
Kensington block changes hands as new venture targets the capital’s prime rental market.
Inside 1 Mayfair: Caudwell completes first residence at ultra-luxe scheme
Lavish show apartment dressed by New York designer Jamie Drake is pitched at £83.7mn.
By PrimeResi
High-profile agency reopens SW3 sales operation
Chestertons has a dedicated Chelsea sales team for the first time in nine years.
By PrimeResi
Guy Meacock: ‘These are the best conditions I have ever seen, from my side of the negotiating fence’
Seasoned agency boss on what's next for buyers in Prime Central London.
By Guy Meacock
Grosvenor Square penthouse finds buyer at nearly half its original asking price
Seven-day exchange follows more than three years of marketing for hefty Mayfair duplex.
UK Sotheby’s signs Surrey specialist from Savills
Experienced agent joins as firm gears up for ‘important next step’ in the county.
LATEST ARTICLES
Landmark Nine Elms scheme brings in fresh design talent
Two top interiors studios join the teamsheet at the 57-storey tower, just over two years after sales launched.
Agency seals string of super-prime St George’s Hill sales
The latest big-ticket residence to change hands on the exclusive private estate was guided at £13.75mn.
Dubai prime prices drop for first time since 2020
Conflict in the region is 'predictably a confidence dampener,' says Knight Frank.
By PrimeResi
Savills downgrades prime forecasts; no recovery for PCL prices until 2029
Prime London and regional property prices are likely to decline further next year, says top agency.
By PrimeResi
Berkeley tops out Wandsworth Town’s tallest tower
EPR Architects-designed building reaches 36 storeys, with the first residents due next year.