Unexplained wealth orders: How is the British law changing and will it stop dirty money circulating in London?
The Economic Crime Act allows the government to convey the impression that it is ‘doing something’ about the proceeds of kleptocracy being laundered in the UK - but far more fundamental and far-reaching reform is needed, writes Áine Clancy
What to read next
The Register of Overseas Entities is now in play; here’s what property pros need to know
Designed to "root out corrupt elites using UK property to launder their illicit wealth," the Register of Overseas Entities has officially launched, requiring more transparency for UK property transactions…
Overseas Entities: The real estate effect
The effects of the Economic Crime Act will be felt far and wide across the UK real estate industry, writes Nathan Rees.
Register of overseas property owners becomes law as Economic Crime Bill receives Royal Assent
Foreign owners of UK property have six months to comply with new registration documents, as the Economic Crime Bill completes its fast-track passage through parliament.
Most read
Russell Simpson recruits Strutts veteran Meacock
Notting Hill sales chief, who helped launch two high-profile London offices, makes move to the expanding family-run agency.
Another big-ticket deal sealed at Mayfair’s 60 Curzon
Four-bed apartment guided at nearly £25mn finds a buyer at the Thierry Despont-designed scheme.
UAE-backed firm sets ambition to become ‘London’s leading developer’
As rivals beat a retreat from the London market, housebuilder reports 236% sales surge and £5bn development pipeline.
Top-flight London design studio expands into Middle East
Laura Hammett is opening a permanent base in Dubai next month.
UK Sotheby’s lays claim to 88% of PCL’s £15mn-plus market
Luxury brokerage reports Q3 sales stats - including some eye-catching claims about its dominance at the top of the market.
New figures reveal £541mn Stamp Duty slump after Reeves Budget
Knight Frank has been crunching the numbers ahead of John Healey's big speech, revealing a sizeable drop in high-end sales and the Treasury's tax take.
Priory Walk townhouse hits the market after superyacht-inspired overhaul
In Pictures: Classic Chelsea family home emerges from ambitious reworking by rjha Architects and a cast of specialist contractors.
Mansion tax territory: Three withdrawals per £2mn-plus sale; twice the wait for a buyer
New figures reveal the scale of the challenges facing the top end of England's housing market, with another Budget imminent and the HVCTS looming large.
The casualties of indecision: Louisa Brodie on when an asking price isn’t really an asking price
Banda's Head of Private Clients shares her take on 'an increasingly frustrating aspect' of the prime & super-prime rental market.
‘There is a tangible value shift’: Alexander Lewis on Lancaster Gate’s coming of age
Development & investment guru explores how a wave of projects is transforming a long-overlooked corner of W2.
LATEST ARTICLES
UK Sotheby’s lays claim to 88% of PCL’s £15mn-plus market
Luxury brokerage reports Q3 sales stats - including some eye-catching claims about its dominance at the top of the market.
New figures reveal £541mn Stamp Duty slump after Reeves Budget
Knight Frank has been crunching the numbers ahead of John Healey's big speech, revealing a sizeable drop in high-end sales and the Treasury's tax take.
Groundhog Day: On Budget déjà vu & why London’s super-prime market refuses to roll over
Another Budget, another round of doom and gloom - but buying agency boss Richard Rogerson has been digging through the £10mn-plus sales figures, and London isn't quite as lifeless as some are saying.
In Pictures: 9,000 sq ft Kennedy-linked penthouse in South of France seeks $45mn
Caudwell debuts Invisible Collection-designed residence at Le Provençal, one of the biggest apartment launches on the French Riviera this year.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes.