Property Investor News
Another massive data leak reveals offshore dealings of the rich & famous
The so-called "Pandora Papers" have exposed the money trails and property dealings of some of the world's wealthiest and most influential people, including a former British Prime Minister.
London luxury property firm inks £127.5m Qatari development deal
Mayfair-based luxury property developer Fenton Whelan has signed a massive development deal to build a new British private school campus and a healthcare facility in Qatar.
Northacre to complete £2bn-worth of luxury property developments in London within the next eight months
Super-prime property developer Northacre, which is wholly owned by Dubai-based SHUAA Capital, is due to complete two major luxury London schemes simultaneously in the coming months.
Residential property boom pushes value of global real estate up 5%
Property is now the world’s most significant store of wealth, says Savills; more valuable than all global equities and debt securities combined, and worth almost four times the entire global GDP.
Residential property is attracting ‘more sophisticated investors’, says buying agency
"Activity in the residential investment sector is once again picking up", says buying agency Garrington, although the firm reports "a different profile" of buyer in the sector.
Treasury publishes draft Residential Property Developer Tax legislation
Proposed new tax rates targeting major housebuilders are due to bee confirmed in the Autumn Budget.
Second home-owners cash-in on ‘lucrative’ holiday let relief
Pandemic support grants for second homeowners "will have been far more lucrative than 'business as usual' for many," says Altus Group.
Dutch cities lay out plan to curb property investors
Cities including Amsterdam and Utrecht are hoping to boost housing affordability by stopping private property investors from buying up stock.
Twice as many landlords plan to sell a property in the next five years as sold an asset in the last five years
"More landlords have decided to leave having grown tired of dealing with tenants than they have because of various government tax changes," says investment firm Sequre.
Build to Rent ‘is gaining momentum’ with £1.5bn transacted in 2021 so far
“Positive activity has continued into the BtR sector," says CBRE. "letting activity has picked up and sentiment is strong."
LendInvest to float
Christian Faes' property finance platform had planned an IPO for 2019, but postponed the move. It now hopes to raise £40m by listing on the London's AIM stock exchange.
Lloyds moves into the private rental sector with Citra Living launch
Lloyds Banking Group's new stand-alone brand will "initially start small", buying up and renting out around 400 "good quality" new-build properties by the end of this year.